O.W. Bunkers (UK) Limited (03978855): administration
- Status
- Administration ended
- Administration began
- 2014-12-12
- Administrators' firm
- PwC
- Incorporated
- 2000-04-25
- Location
- Manchester
- Industry
- 46120 Agents involved in the sale of fuels, ores, metals and industrial chemicals
Why it went into administration
- Bad debts / customer insolvency
- Property / lease costs
- Management failings / irregularities
From the administrators' statement
OW Bunker (OW) was founded in Aalborg, Denmark in 1980 as part of the ship chandler Ove Wrist, which dates back to the 1950’s Ove Wrist delivered a wide range of ship supplies to customers, whilst OW’s sole focus was on distribution of marine fuel.
OW initially operated in Scandinavia and Northern Europe and expanded to Singapore in 1992 to meet demand from international customers At the start of 2000 OW started to expand further and the growth continued until 2006 OW adopted a strategy to become a leading player in the marine fuel reselling market
During this growth the Company was established with the incorporation taking place on 25 Apmil 2000.
Administrators' statement of proposals (2015-02-13) · Companies House register