SCL Commercial Limited (08840965): administration
- Status
- Administration ended
- Administration began
- 2018-05-03
- Administrators
- Mark Newman, Vincent John Green
- Administrators' firm
- PKF
- Incorporated
- 2014-01-10
- Location
- Tunbridge Wells
- Industry
- 63990 Other information service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company undertook the provision the sale and marketing of data analytics and digital marketing communications services to commercial customers. The Company is part of the SCL Group of Companies (“the Companies’) which includes both U.K. and U.S. subsidiary companies. The nature of the Companies’ businesses means that they were involved in large scale behavioural research and strategic communications. They are associated with the U.S. company Cambridge Analytica LLC. Controversy in relation to this Company significantly contributed towards the cash flow difficulties of the trading entities.
The financial statements filed for the Company for the year ended 31 December 2016 had shown that the Company had net current assets of £75,453 with current liabilities of £4,400 giving net current assets of £71,053. The company held no fixed assets and had net assets of £71,053.
For the year ended 31 December 2017 the Company generated a turnover of £417,129 and a profit of £199,455. The direct costs of the Company were £855. It should be noted that the internally produced management accounts have not been verified for accuracy by the Joint Administrators and therefore may not reflect the Company’s true trading position.
Administrators' statement of proposals (2018-07-13) · Companies House register