Flame Heating Spares Limited (07564619): administration
- Status
- Administration ended
- Administration began
- 2020-03-19
- Administrators
- Steven Phillip Ross, Allan David Kelly
- Administrators' firm
- RSM
- Incorporated
- 2011-03-15
- Location
- Newcastle upon Tyne
- Industry
- 46740 Wholesale of hardware, plumbing and heating equipment and supplies
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Relevant extracts from the Company's audited financial statements and management accounts are summarised below.
(DRAFT) Financial Financial Year to 30 Financial Year to Year to 30 June 2019 June 2018 30 June 2017 Profit and Loss Account Revenue 13,064,685 Unknown Unknown Gross Profit 1,122,351 Unknown Unknown EBITDA 112,704 Unknown Unknown Profit for the period 29,641 Unknown Unknown Balance Sheet Intangible Assets Nil 23,127 Nil Tangible Assets 293,057 149,171 41,554 Current Assets 6,822,218 5,292,471 2,905,334 Current Liabilities (5,659,646) (4,663,057) (2,265,979) Long Term Liabilities (624,674) Nil Nil | Shareholder’s Funds 830,954 801,712 680,908 |
Estimated statement of financial position The Directors have not yet lodged a Statement of Affairs with the Joint Administrators.
Administrators' statement of proposals (2020-05-20) · Companies House register