The Marine & Property Group Limited (05799333): administration
- Status
- Administration ended
- Administration began
- 2023-04-25
- Administrators
- Damian Webb, Stephanie Sutton
- Administrators' firm
- RSM
- Formerly
- Cardiff Marine Group Limited; Cambrian Marina Limited
- Incorporated
- 2006-04-27
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- COVID-19
- HMRC / tax arrears
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
Relevant extracts from the company’s audited and draft financial statements and management accounts are summarised below.
Fixed Assets
Tangible fixed assets 4,248 4,170 4,241 Investments in subsidiaries 4,718 11,326 11,326 8,966 15,496 15,567 Current Assets Debtors 8,446 2,059 459 8,446 2,059 459 Liabilities due within 1 year Overdraft (108) (117) (111 Creditors (1,331) (1,315) (1,292 (1,439) (1,432) (1,403 Net current assets 7,007 627 (944 Liabilities due after more than 1 year Creditors (13,497) (13,634) (13,842 (13,497) (13,634) (13,842 Net Assets 2,476 2,489 781
Administrators' statement of proposals (2023-06-23) · Companies House register