# Savalas Ltd. (SC195861)

> Why UK company SC195861 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC195861

- **Status:** Administration ended
- **Administration began:** 2024-08-08
- **Administrators:** Paul Dounis, Mark Harper
- **Administrators' firm:** RSM
- **Incorporated:** 1999-05-03
- **Location:** Edinburgh
- **Industry:** 90020 Support activities to performing arts

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

Relevant extracts from the company’s audited and draft financial statements and management accounts are summarised below:

Period ending FY22 (E) FY23 (£) FY24 (E) Turnover 1,160,725 1,425,264 1,351,946 Gross profit 803,501 1,076,157 1,104,882 Net profit / loss 63,201 (28,927) (342,409)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC195861/filing-history/MzQzMjM2MTA2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC195861

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