Camereye Contracts Limited (SC385894): administration
- Status
- Administration ended
- Administration began
- 2015-10-15
- Administrators
- Blair Carnegie Nimmo, Gerard Anthony Friar
- Administrators' firm
- KPMG
- Incorporated
- 2010-09-24
- Location
- Glasgow
- Industry
- 80200 Security systems service activities
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 24 September 2010 and commenced trading shortly thereafter. The Company was involved in the provision of CCTV and security services to the construction industry.
The Company increased its turnover from £57k and £100k in the years ending 30 September 2011 and 30 September 2012 respectively, to a peak turnover of £145k in the year ending 30 September 2013. Profit before tax also increased from £9k and £38k for the years ending 30 September 2011 and 30 September 2012 respectively, to £53k in the year ending 30 September 2013. No recent financial information has been prepared by the Company's accountants or made available by the Company's Director, and it is therefore difficult to assess the financial performance in the lead up to our appointment.
There were no employees in the Company at the date of our appointment, or since the business began trading. The business was run by sole director and shareholder Ryan Magennis.
Administrators' statement of proposals (2015-12-09) · Companies House register