Burgess Marine Limited (05675410): administration
- Status
- Administration ended
- Administration began
- 2017-12-13
- Administrators
- Danny Dartnaill, Colin Michael Trevethyn Haig
- Administrators' firm
- BDO
- Incorporated
- 2006-01-13
- Location
- Reading
- Industry
- 30110 Building of ships and floating structures
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Loss-making contracts / project overruns
- Property / lease costs
- Regulatory change or action
From the administrators' statement
Burgess Welding & Engineering Limited was founded in 1958 with the business focussing on civil and marine engineering services and ship repair activities. The Company is the modern day evolution of the former business and was incorporated on 13 January 2006. The Company now operates as a multidiscipline marine engineering services provider in the marine, defence and Superyacht sectors.
The principal shareholder sold his shares in January 2015 with the change in ownership funded by RJD Partners Limited (‘RJD’), a private equity firm, who left the incumbent Management team in-situ to develop and grow the business.
During the last three years the Company pursued a strategy of growth via acquisition,
Administrators' statement of proposals (2018-01-25) · Companies House register