MONKEY BARS (ABERDEEN) LIMITED
Company number SC357128 · Monitor this company
The annual accounts for this company are overdue.
The confirmation statement for this company is overdue.
Executive summary
Monkey Bars (Aberdeen) Limited is in Administration with overdue accounts and confirmation statement filings, an overdrawn bank position of £40,015, net current liabilities of £135,492 and net assets down 74% since 2019 to £124,608 — the credit decision is an unequivocal decline. The bank's existing £317,059 exposure is secured by a standard security over the property and a floating charge, but asset quality is poor, with £139,570 of the balance sheet in non-realiseable goodwill, £102,178 of debtors owed by related parties, and £92,700 in tax arrears signalling that working capital had been exhausted well before the appointment. Recovery now depends on the property valuation and the administrators' outcome, and attention should shift to security realisation, related-party transactions and director conduct.
Shareholders' funds
£124,608
Balance sheet as at 2023-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2009-03-24
- Registered office
- 8 Walker Street, Edinburgh, EH3 7LA
- Postcode
- EH3 7LA
- Capital
- 170 GBP
- Accounts category
- Total Exemption Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2023-03-31
- Next due by
- 2025-03-31 Overdue
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2024-03-24
- Next due by
- 2025-04-07 Overdue
Nature of business (SIC)
- 56302 Public houses and bars
Officers 4 current · 4 resigned
The class of 2009
14%
of the 1,881 companies in this sector incorporated in 2009 are still active today; 84% have since been dissolved.
A fact about the year, not a forecast for this company.