# Flexible Technology Limited (SC138019)

> Why UK company SC138019 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC138019

- **Status:** Administration ended
- **Administration began:** 2022-11-16
- **Administrators:** Mark Harper, Paul Dounis, Alan Alexander Brown
- **Administrators' firm:** RSM
- **Incorporated:** 1992-04-29
- **Location:** Edinburgh
- **Industry:** 26110 Manufacture of electronic components

## Why it went into administration

- COVID-19
- Rising costs / inflation
- Sustained trading losses

## From the administrators' statement

Relevant extracts from the Company’s financial statements and management accounts are summarised below:

2020 2021 2022

£000 £'000 £'000 Turnover 1,421 1,353 1,240 Cost of Sales (1,237) (1,266) (1,230) Gross Profit 184 87 10 Overheads (175) (224) (276) Interest & Depreciation (17) (22) (38) Net profit / (loss) (8) (159) (304)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC138019/filing-history/MzM2NDgyMTM0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC138019

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