# MSF Technologies Limited (08705863)

> Why UK company 08705863 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08705863

- **Status:** Administration ended
- **Administration began:** 2019-11-22
- **Administrators:** Nicholas John Edwards, Graham Paul Bushby
- **Administrators' firm:** RSM
- **Incorporated:** 2013-09-25
- **Location:** Milton Keynes
- **Industry:** 27110 Manufacture of electric motors, generators and transformers

## Why it went into administration

- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

Relevant extracts from the Company's audited financial statements and management accounts are summarised below: Balance Sheet Extract

31-Aug-19 31-Dec-18 31-Dec-17 £000 £'000 £'000 Tangible Fixed Assets Fixtures and Fittings 25.70 25.70 19.45 IT Equipment 535.10 535.10 415.94 Workshop and test lab 369.70 369.70 193.69 Leasehold improvements 24.10 24.10 12.23 Depreciation -370.60 -254.10 - 130.67 584.00 700.50 310.63 Intangible fixed assets Patents 1,311.00 1,311.00 1,311.00 Amortisations -523.00 -430.10 -390.58 788.00 880.50 1,020.42 Current assets Trade debtors 0.00 0.00 37.33 Sundry debtors and prepayments 256.90 214.00 151.26 VAT 27.50 167.60 133.58 Cash 12.60 371.20 2,027.40 297.00 752.80 2,349.57 Current Liabilities Trade creditors -173.20 -972.20 -76.29 Hire purchase ~52.70 -62.80 0.00 Accruals -§99.90 -505.20 -173.39 PAYE, pensions & NIC's -280.70 -312.30 -91.45 Loans < 1 year -7,643.00 -8,183.40 -1,243.77 749.50 -10,035.90 1,584.90 Long term Liabilities Loans > 1 year 0.00 0.00 3,399.92 Net assets ',080.40 701.60 -1,104.19

Shareholders’ funds

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08705863/filing-history/MzI1NTA4MzY2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08705863

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