Packitsafe Limited (09730365): administration
- Status
- In administration
- Administration began
- 2023-07-03
- Administrators
- James Ashley Dowers, James Woodhead
- Administrators' firm
- RSM
- Incorporated
- 2015-08-12
- Location
- Birmingham
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- COVID-19
- Creditor pressure / legal action
From the administrators' statement
Relevant extracts from the Company’s filed accounts are summarised below:
Period ending 31 Aug 22 31 Aug 21 31 Aug 20 31 Aug 19 Turnover 1,175,472 2,658,620 1,686,826 673,766 Cost of sales (1,405,363) (2,449,472) (1,183,903) (436,638) Gross profit/ (229,891) 209,148 502,923 210,300 (loss)
Administrative (476,353) (538,196) (263,534) (146,248) expenses
Administrators' statement of proposals (2023-08-30) · Companies House register