A P V Marine Limited (06707173): administration and why it failed

A P V Marine Limited (06707173): administration

Status: Administration ended
Administration began: 2024-07-22
Administrators: Stephen Powell, Julie Anne Palmer, Simon John Lowes
Administrators' firm: Begbies Traynor
Incorporated: 2008-09-25
Location: Ocean Way
Industry: 30120 Building of pleasure and sporting boats

Why it went into administration

Cash flow / liquidity pressure
COVID-19
Funding withdrawn / unable to refinance
Brexit

From the administrators' statement

The Company was formed to facilitate the acquisition of Picton Boats in February 2009, based in South Wales.

Picton Boats has designed and brought to market the original Cobra brand RIBs which were well received by

the market.

Administrators' statement of proposals (2024-08-01) · Companies House register

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