Realisations (Ivps) Limited (08363755): administration
- Status
- Administration ended
- Administration began
- 2016-11-04
- Administrators
- Allan David Kelly, Steven Phillip Ross
- Administrators' firm
- RSM
- Formerly
- Integrated Valve and Piping Solutions Limited
- Incorporated
- 2013-01-17
- Location
- Newcastle upon Tyne
- Industry
- 43290 Other construction installation
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Relevant extracts from the Company's audited financial statements and management accounts are
summarised below
31 AUGUST 31 MARCH 31 MARCH 2016 2016 2015 Profit & Loss £'000s £'000s £'000s Turnover 848 2,825 1,661 Cost of sales (663) (2,108) (1,196) Gross profit 184 717 464 Administrative expenses (245) (927) (536) Other operating income : : 81 Operating Profit (61) (210) 10 Interest payable and similar charges (3) = () Profit on ordinary activites before tax (64) (210) 9 Less Tax on profit on ordinary actvites - (31) (6) Profit for the financial year (64) (180) 13 Batance sheet Tangible assets 52 57 67 Stocks 1,504 1,209 603 Debtors 671 1,380 770 Cash at Bank 8) : - 2,149 2,646 4,440 Less creditors Creditors due within one year (1,785) (2,195) (1,210) Creditors due after more than one year (230 (230) (175) Deferred taxation 13) 9 - Net assets 121 212 42 Capital and Reserves Called up equity share capital 350 350 - Profit and loss account (229) (138) 42 Shareholders’ Funds 121 212 42
Administrators' statement of proposals (2016-12-28) · Companies House register