Scott Robert Consulting Limited (08003161): administration
- Status
- Administration ended
- Administration began
- 2015-09-11
- Administrators
- Paul Robert Boyle, Thomas Bowes
- Administrators' firm
- Hamsons Business Recovery and Insolvency
- Incorporated
- 2012-03-23
- Location
- Manchester
- Industry
- 70221 Financial management
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- Property / lease costs
- Regulatory change or action
From the administrators' statement
The Company suffered a considerable bad debt of £70,797 79, this related to a loan to Private Client Solutions (Manchester) Limited (PCS‘), an associated Company. PCS 1s a wholly owned subsidiary of Scott Robert Group Limited and Robert Cooper is the sole Director These funds were loaned to PCS over a 3-year period with the vast majonty in the year ended 31 March 2014 and tt was anticipated that the funds would be repaid in full. However, PCS has recently entered into a Company Voluntary Arrangement, as a term of the arrangement the Company has deferred its claim in the proceedings tn favour of the remaining unsecured creditors There will therefore be no return to the Company in this matter.
Propesals0401
Since the start of 2015 the Company has accumulated a substantial debt to HM Revenue & Customs CHMRC’) amounting to approximately £216,000 tn unpaid VAT, Corporation Tax, PAYE and NIC Approximately 10% of this amount pre dates 2015 and relates to underpayments made in respect of PAYE and NIC throughout 2014 The bad debt to PCS severely restricted the available cashflow and thus created a difficulty in meeting all obligations and as such HMRC payments were not being made in full or on time This put the Company substantial arrears with HMRC
Administrators' statement of proposals (2016-02-22) · Companies House register