PI Innovo Limited (07596582): administration
- Status
- Administration ended
- Administration began
- 2015-07-08
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Friars 2033 Limited
- Incorporated
- 2011-04-07
- Location
- Bury St. Edmunds
- Industry
- 71129 Other engineering activities
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The company’s financial results are set out below. Please note that the accounts have not been prepared for the financial year end December 2014 or 5 months ended 31 May 2015 and the mformation has therefore been provided from the management accounts for these periods
Financial May 2015 Dec 14 Dec 13 Year/ Period Ended £7000 £7000 £7000 Management Accs Management Accs (5 Months) (12 Months) Turnover 877 2,317 2,639 Gross Profit 434 843 999 Operating profit/(loss) (154) (519) (141) Profit/(Loss) before tax (154) (519) (142) Intercompany Loans w/off - 374 - (154) (145) (142) Directors’ Remuneration 86 86 194 Shareholders’ Funds (595) (443) (298) Dividends Paid 0 0 0 Reserves Carned Forward (595) (443) (298)
The habilitres include a debt due to both Pi Innovo Holdings Limited and Pi Innovo LLC of £125,000 and £249,000 respectively at December 2014
Administrators' statement of proposals (2015-08-13) · Companies House register