Ocean 2 Realisations Limited (03143112): administration
- Status
- In administration
- Administration began
- 2026-01-13
- Administrators
- Julie Anne Palmer, Simon John Lowes
- Administrators' firm
- Begbies Traynor
- Formerly
- Corrotherm International Ltd
- Incorporated
- 1996-01-03
- Location
- Southampton
- Industry
- 46720 Wholesale of metals and metal ores
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 3 January 1996 and traded as a leading stockholder and seller of nickel alloy seamless pipes, fittings and flanges. The Company’s products were used across a wide range of sectors and applications such as oil and gas exploration, marine applications, and chemical processing. The Company was headquartered in Hampshire and delivered products worldwide via its warehouses in the UK
and the Netherlands.
The Company traded from a leasehold premises at 31 Stephenson Road, Southampton, SO40 3SA. The Company continued to trade from this premises during the accelerated merger and acquisition process. All of the 14 staff members were made redundant prior to our appointment.
Administrators' statement of proposals (2026-01-23) · Companies House register