Manta Systems UK Limited (02183639): administration
- Status
- In administration
- Administration began
- 2025-04-29
- Administrators
- Lee Van Lockwood, Gareth Harris
- Administrators' firm
- RSM
- Formerly
- Modus Subsea Services Limited; Modus Seabed Intervention Limited; Modular Underwater Systems Limited; European Contract Hire Limited; European Telecoms Systems Limited; Subsea Dynamics Limited; Ocean Resource Engineering Limited; Contactmist Limited
- Incorporated
- 1987-10-26
- Location
- Leeds
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Relevant extracts from the company’s audited financial statements for the 12 months to March 2021 and 18 months to September 2022 and high-level management accounts information provided to the Joint Administrators for FY23 and FY24 are summarised below
£000 Period ending March 2021 eee eee aes Turnover 13,757 14,119 3,718 500 Gross profit 5,071 2,927 1,394 Unknown Profit before tax (1,178) (1,674) (1,697) (4,007) Net assets 4,248 2,796 99 (6,111)
Administrators' statement of proposals (2025-06-17) · Companies House register