Pixipixel Rental Limited (12902961): administration
- Status
- In administration
- Administration began
- 2024-11-21
- Administrators
- Julie Anne Palmer, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Formerly
- Elliottdale Limited
- Incorporated
- 2020-09-24
- Location
- Salisbury
- Industry
- 74209 Photographic activities not elsewhere classified
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company was purchased out of administration in late 2020. The Company traded as a rental business for camera and lighting equipment from leasehold premises in Tottenham, Acton and Manchester with 58 employees across the three sites. As at the date of insolvency, the directors were Mark Colley and Stephen Knight. Unfortunately, all employees were made redundant prior to administration as there was no proceedable offer on a going concern basis. Extracts from the financial
records are provided below:
PROFIT & LOSS ACCOUNTS Management Filed Filed Year Ending Year Ending Year Ending 31.05.2023 31.10.2022 31.10.2021 Turnover 9,122,588 8,500,149 9,305,671 Cost of Sales (1,456,699) (1,660,790) (1,917,395) Gross Profit 7,665,889 6,839,359 7,388,276 Distribution Costs (621,029) (456,224) (443,036) Administrative Expenses (6,402,583) (5,358,862) (4,756,598) Other Operating Income 35,457 - 88,128 Operating Profit/(Loss) 677,734 1,024,273 2,276,770 Interest Payable & Similar Expenses (382,768) (268,039) (331,189) Profit / (Loss) Before Tax 294,967 756,234 1,945,581 Taxation - (132,064) (449,610) Profit / (Loss) After Tax 294,967 6,24,170 1,495,971 Retained earnings brought forward 2,120,141 1,495,971 - Retained earnings carried forward 2,415,108 2,120,141 1,495,971 BALANCE SHEET Management Filed Filed Year Ending Year Ending Year Ending 31.10.2023 31.10.2022 31.10.21 Fixed Assets
Administrators' statement of proposals (2025-01-16) · Companies House register