Secure Measures Limited (04851404): administration
- Status
- Administration ended
- Administration began
- 2019-02-20
- Administrators' firm
- Cork Gully
- Incorporated
- 2003-07-30
- Location
- London
- Industry
- 52220 Service activities incidental to water transportation
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
4.3.1 In April 2013, under the instruction of the previous management SML undertook a new business venture with European Metal Recycling Limited (“EMR”) to provide the necessary labour and expertise to dismantle and process marine vessels on a floating pontoon situated adjacent to EMR’s trading Marina at Manor Road, Erith, Kent. The dismantled vessels would be sold for scrap and SML would receive 50% of any profit generated.
4.3.2 In November 2013, an accident occurred which resulted in significant trauma injury occurring to one of SML’s contractors (the “injured contractor") which resulted in the loss of the both of the injured contractors’ lower limbs. Following the accident, SML ceased all operations in respect to the dismantling and processing of marine vessels.
4.3.3 After an investigation undertaken by SMLs insurers it was determined that the insurers would not be paying out for any claim for loss and damages to the injured contractor. The insurance claim was rejected on the basis that SML and its management at that time had acted negligently by failing to take appropriate steps to provide adequate safety equipment and implement sufficient risk procedures and controls.
Administrators' statement of proposals (2019-05-01) · Companies House register