Scoot Ferries Limited (09231766): administration
- Status
- Administration ended
- Administration began
- 2016-01-19
- Administrators
- David Patrick Meany
- Administrators' firm
- Ashtons Business Recovery
- Incorporated
- 2014-09-23
- Location
- Ringwood
- Industry
- 50100 Sea and coastal passenger water transport
From the administrators' statement
Scoot Ferries Limited (“the company”) was incorporated on 24 August 2015 and was set up as joint venture with South Boats OW Limited and Scoot Holdings Limited to trade as a low cost ferry operator servicing the Isle of Wight South Boats Limited provided the initial funding for the Company by way of unsecured loans
Ashtons Business Recovery Limited (‘Ashtons”), were initially approached by the Company’s Director, on 19 December 2015, for general advice on a possible sale of the business as a going concern Prior to this neither Ashtons, nor its Director, had any professional relationship(s) either with, the director or members of the Company The Administrator would advise creditors that he has previously acted as Liquidator and given general advice in relation to businesses operated by the former director, Nick Davis
Due to the age of the business no management accounts have been produced however the company maintained tts own monthly cash flow forecasts which have been made available to the Administrator The position of the company on 19 December 2015 was as follows -
Administrators' statement of proposals (2016-03-22) · Companies House register