Discovery Yachts Group Ltd (09347816): administration
- Status
- Administration ended
- Administration began
- 2019-12-19
- Administrators' firm
- FRP Advisory
- Formerly
- Tradewinds Marine Ltd
- Incorporated
- 2014-12-09
- Location
- Walsall Road
- Industry
- 30120 Building of pleasure and sporting boats
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been
prepared based on information provided to me by the directors of the Company and not from
my personal knowledge as Administrator.
Administrators' statement of proposals (2020-02-13) · Companies House register