Burry Port Marina Ltd (10225502): administration
- Status
- Administration ended
- Administration began
- 2023-06-07
- Administrators' firm
- Azets
- Formerly
- The Marine Group Finance Ltd; CMG Brindley Limited
- Incorporated
- 2016-06-10
- Location
- London
- Industry
- 33120 Repair of machinery
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Sustained trading losses
- Parent or group failure
From the administrators' statement
3.1 The Company was incorporated as CWG Brindley Limited on 10 June 2016. It changed its name on 23 January 2017 to The Marine Group Finance Ltd and subsequently to Burry Port Marina Ltd on 20 December 2017.
3.2 Its immediate shareholder is The Marine & Property Group Ltd — In Administration (“TMPG”), which holds 1 A Ordinary Share, with Carmarthenshire County Council (“the Council”) holding 401 B Ordinary Shares. TMPG also holds 100% shares in eight other companies (together with the Company, referred to as “the Marine Group”).
3.3 The Company operates Burry Port Marina (“the Marina”) by way of a lease and part share ownership arrangement with the Council. The lease with the Council has approximately 145
Administrators' statement of proposals (2023-08-04) · Companies House register