# Lymington Boat Makers Ltd (03177988)

> Why UK company 03177988 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03177988

- **Status:** In administration
- **Administration began:** 2024-03-21
- **Administrators:** Nicola Elaine Layland, Carl Derek Faulds
- **Administrators' firm:** Leonard Curtis
- **Formerly:** Scorpion Ribs Limited; South Coast Ribs Limited
- **Incorporated:** 1996-03-26
- **Location:** Fareham
- **Industry:** 30120 Building of pleasure and sporting boats

## Why it went into administration

- COVID-19
- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Regulatory change or action

## From the administrators' statement

The director has provided a summary of the history of the company as set out below.

2.1.4

2.1.2

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03177988/filing-history/MzQyMTg0MjQzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03177988

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.