Leigh-On-Sea Marina Limited (05693583): administration
- Status
- Administration ended
- Administration began
- 2019-02-20
- Administrators
- Anthony Malcolm Cork, Stephen Robert Leslie Cork
- Administrators' firm
- Cork Gully
- Formerly
- Polar Computing Limited
- Incorporated
- 2006-01-31
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
the Joint Administrators are detailed below:
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
Administrators' statement of proposals (2019-05-01) · Companies House register