R.A. SMART (HOLDINGS) LIMITED
Company number 01678885 · Monitor this company
Executive summary
R.A. Smart (Holdings) Limited presents a classic case of an asset-rich but cash-poor business that has reached a terminal liquidity crisis despite maintaining positive net assets of £1.8M. The administration status confirms that the going-concern model has failed—likely due to the inability to convert £1.4M in stock and £762K in debtors into sufficient working capital to service £854K in current liabilities. The strategic outlook is now determined by the administrators' assessment of whether asset values (particularly potential property upside and stock realizations) can satisfy creditor claims, or whether the business will be liquidated piecemeal. Any residual value for shareholders depends entirely on the gap between forced-sale asset values and total creditor claims—a gap that is likely to narrow rapidly under administration costs and distressed sale discounts.
Shareholders' funds
£1,794,584
Balance sheet as at 2024-09-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1982-11-17
- Registered office
- Stamford House, Northenden Road, Sale, Manchester, M33 2DH
- Postcode
- M33 2DH
- Capital
- 100 GBP
- Accounts category
- Unaudited Abridged
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-09-30
- Next due by
- 2026-06-30
- Financial year end
- 30 September
Confirmation statement
- Last statement dated
- 2025-12-07
- Next due by
- 2026-12-21
Nature of business (SIC)
- 13300 Finishing of textiles
Officers 5 current · 1 resigned
Group structure
Controlled by R A SMART GROUP LIMITED — since 2022-09-14
From persons-with-significant-control filings on the public register.
Contact details
- Website
- http://www.rasmart.co.uk
Previous registered addresses 3
| Address | Changed on |
|---|---|
| UNION MILL, ELIZABETH STREET, MACCLESFIELD, CHESHIRE , SK11 6XP | 1991-01-30 |
| UNION MILL, ELIZABETH STREET, MACCLESFIELD, CHESHIRE SK11 6XP | 1988-12-12 |
| LOWER BLAKELOW FARM, BLAKELOW ROAD, MACCLESFIELD, CHESHIRE | 1988-03-14 |
The class of 1982
53%
of the 12,655 companies incorporated in 1982 are still active today; 39% have since been dissolved.
A fact about the year, not a forecast for this company.