# Geoquip Marine UK Limited (07580773)

> Why UK company 07580773 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07580773

- **Status:** Administration ended
- **Administration began:** 2016-03-03
- **Administrators:** Elizabeth Galbraith Mackay, Alastair Paul Beveridge, Anne Clare O'Keefe
- **Administrators' firm:** AlixPartners
- **Incorporated:** 2011-03-28
- **Location:** Manchester
- **Industry:** 28990 Manufacture of other special-purpose machinery n.e.c.

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

The Company fs {involved tn the offshore sector (gas, ofl and renewable energy) providing geotechnical and geophysical data acquisition and analysis services to its chents {tis part ofa larger group of companies that operate In the same sector and is a 100% subsidiary of Geoquip Marine Holdings AG (Holdings) which is headquartered in Switzerland

The Company's main operations were to obtain data from the seabed and sub-strata, interpret that data and provide engineering and scientific recommendations to its chents to assist with the design and installation of offshore structures and pipelines The Company also provided services in connection with oil well development, such as drilling pilot holes where shallow gas is expected or providing data for conductor installation

Asa result of global economic factors impacting the price of otl and the offshore sector as a whole, the overall group experienced a reduction in both turnover and profitability, becoming significantly loss making in 2015.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07580773/filing-history/MzE0NjA3MzgwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07580773

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