Souters Sports Limited (SC208665): administration and why it failed

Souters Sports Limited (SC208665): administration

Status: Administration ended
Administration began: 2017-11-03
Administrators: Paul Dounis, Gareth Harris
Administrators' firm: RSM
Incorporated: 2000-06-30
Location: Edinburgh
Industry: 42210 Construction of utility projects for fluids

Why it went into administration

Cash flow / liquidity pressure
HMRC / tax arrears
Loss of a key customer, supplier or contract
Sustained trading losses

From the administrators' statement

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

2015 December 2013 December 2012

1,966,863 1,942,739 1,763,858

Administrators' statement of proposals (2017-12-27) · Companies House register

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Balance sheet: assets, liabilities, working capital and net assets
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Souters Sports Limited (SC208665): administration

Why it went into administration

From the administrators' statement

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Souters Sports Limited (SC208665)