Cass Maritime Limited (05283648): administration
- Status
- Administration ended
- Administration began
- 2013-10-31
- Administrators
- Jamie Taylor, Louise Donna Baxter
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-11-11
- Location
- Southend on Sea
- Industry
- 50200 Sea and coastal freight water transport
From the administrators' statement
Cass Maritime Limited was a UK based partner of a large Korean ship broker It brokered deals between British ship owners and Korean ship yards
Mr Kwon invested significant funds into the business in 2011 in exchange for a debenture and ts currently owed around £722,000 However, after this investment was made, the shipping market generally took a downturm and Cass Maritime Limited began to suffer financially as a result
Mr Kwon agreed an arrangement with the company for instalments to be paid in repayment of his debt however this was not adhered to
Administrators' statement of proposals (2013-12-17) · Companies House register