Northsouth Communication Limited (SC375920): administration
- Status
- Administration ended
- Administration began
- 2015-01-20
- Administrators
- Adrian David Allen, Keith Veitch Anderson
- Administrators' firm
- Baker Tilly Restructuring & Recovery
- Incorporated
- 2010-03-30
- Location
- Edinburgh
- Industry
- 33170 Repair and maintenance of other transport equipment n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summarised below.
Draft Draft Filed Filed Filed Accounts Accounts Accounts Accounts Accounts for p/e for y/e for y/e for y/e for y/e 20/01/15 31/03/14 31/03/13 31/03/12 31/03/11 £°000s £7000s £°000s £°000s £°000s L __| Turnover 7,743 7,005 3,343 1,667 662 1 Profit / (Loss) before tax (933) 492 236 136 92 _| | Fixed assets 61 50 i 46 i | Current assets 3,062 3,277 1,514 t $91 183 Current Liabilities (3,480) (2,816) (1,260) | (461) (128) | | Long Term Liabilities (2) (10) - (28) - Net assets (359) 501 263 147 57 F | Tt [_ | Director's Remuneration 8 8 7 44 30 Dividends paid | so [140 | 70 18 Tbe |
Administrators' statement of proposals (2015-03-13) · Companies House register