Boatz Limited (08352829): administration
- Status
- Administration ended
- Administration began
- 2017-09-29
- Administrators
- Julie Anne Palmer, Ian Franses
- Administrators' firm
- Begbies Traynor
- Formerly
- Gemini Marine (UK) Ltd; Arbelas Consulting Ltd
- Incorporated
- 2013-01-09
- Location
- London
- Industry
- 70229 Management consultancy activities other than financial management
From the administrators' statement
The director and former director started the consultancy business at the beginning of 2013 (Arbelas Consulting Ltd with a subsequent name change to Gemini Marine UK Ltd). In 2015 the company became the sole dealer for UK and Ireland for the South African boat builder, Gemini Marine (PTY) Ltd
The directors split their duties with Jonathan James Chittock (“Mr Chittock”) as Operations director and tain Wood (“Mr Wood”) as the Finance and commercial director They did not always see eye to eye but were determined to focus their efforts on the business. The business was picking up and the accounts for 31 January 2016 and 31 January 2017 showed a small operating profit of £13,258 and £86 repectvely. .
in late 2016/2017 the relationship between the two directors broke dawn and efforts to effect a buy out failed A further party and investor joined the company and he was to be made a director and become an equal shareholder. Initial funds were injected by the investor although the formalities and paperwork were never finalised with regard to the directorship and shareholder agreement.
Administrators' statement of proposals (2017-12-22) · Companies House register