Atlantic Offshore Rescue Limited (05875324): administration
- Status
- Administration ended
- Administration began
- 2016-04-11
- Administrators
- Colin Peter Dempster, Joseph O'Connor, Gavin Yuill
- Administrators' firm
- EY
- Formerly
- Sartor Offshore Rescue Limited; Ocean Mainport Rescue Limited; Havila Rescue UK Limited; Precis (2618) Limited
- Incorporated
- 2006-07-13
- Location
- London
- Industry
- 09100 Support activities for petroleum and natural gas mining
Why it went into administration
- Sustained trading losses
- Parent or group failure
- Funding withdrawn / unable to refinance
From the administrators' statement
The Atlantic Offshore group (the Group) was headquartered in Norway and provided emergency response and rescue vessels (ERRVs) and platform support vessels (PSVs) to the oil and gas sector In aggregate we understand that the Group owned and operated 14 ERRVs and 5 PSVs_ It employed c400 seafarers and 43 onshore personnel across both Norway and the UK
Atlantic Offshore Aberdeen Limited (AOAL) was incorporated on 7 September 2006 and is a wholly owned subsidiary of Atlantic Offshore AS — the Group’s Norwegian parent company Atlantic Offshore Rescue Limited (AORL) was incorporated on 12 July 2006 and ts a wholly owned subsidiary of AOAL
AOAL served as a UK holding company of three wholly-owned subsidiary companies AORL, AOCSL and AOSL (together, the UK Group) Through these subsidiary companies the UK Group owned a total of six vessels and leased a further three vessels on ‘bareboat charters’ One of the owned vessels and one of the leased vessels were held by AORL The remaining vessels (five owned and two leased) were held by AOSL
Administrators' statement of proposals (2016-06-14) · Companies House register