Clear Space Construction Ltd (08104001): administration
- Status
- Administration ended
- Administration began
- 2017-03-28
- Administrators
- Matthew James Higgins, Steven Phillip Ross
- Administrators' firm
- RSM
- Incorporated
- 2012-06-13
- Location
- Newcastle upon Tyne
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Rising costs / inflation
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company's audited financial statements and management accounts are summarised below.
Trading profit and loss account
Year ended 31 December 2016 2015 2014 Gross profit 337,002 454,353 348,532 Administration expenses (94,782) (252,022) (283,619) Operating profit ~~ 242,220. ~+~«202;,331«Cs (<atsés«éi Interest payable (293) : . Profit before tax 241,927 202,331 64,913 Taxation (49,542) (41,385) (15,365)
Administrators' statement of proposals (2017-05-31) · Companies House register