F1 Modular Limited (09049658): administration
- Status
- Administration ended
- Administration began
- 2020-03-27
- Administrators
- Diana Frangou, Gareth Harris
- Administrators' firm
- RSM
- Incorporated
- 2014-05-21
- Location
- Leeds
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
From the administrators' statement
Relevant extracts from the Company's audited financial statements and management accounts are summarised below.
Year ended Year ended Year ended
F1 Modular Limited 30/04/18 30/4/2017 31/5/2016 Turnover 2,599,171 726,877 35,919 Cost of sales __(3,788,091) (715,091) (65,265) Gross profit (1,188,920) 11,786 (29,346) Interest Payable (20,994) (863) - Profit/(loss) before taxation (1,209,914) 10,923 (29,346)
Administrators' statement of proposals (2020-05-19) · Companies House register