# The Marine & Property Group Limited (05799333)

> Why UK company 05799333 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05799333

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05799333/filing-history/MzM4MzQwODIwOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05799333

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.