# Realisations (Ivps) Limited (08363755)

> Why UK company 08363755 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08363755

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08363755/filing-history/MzE2NTQwODUyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08363755

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.