HM Bark Endeavour Ltd (11004784): administration
- Status
- Administration ended
- Administration began
- 2019-04-05
- Administrators
- Andrew James Pear, Michael Stephen Elliot Solomons
- Administrators' firm
- Moorfields
- Incorporated
- 2017-10-10
- Location
- London
- Industry
- 91020 Museums activities
From the administrators' statement
The Company was incorporated on 10 October 2017 and remained dormant until August 2018 when it purchased the replica vessel HM Bark Endeavour (the Vessel”) at auction, using unsecured loan capital provided by the directors.
Further unsecured loans were provided by the directors in order to fund repairs and improvements to the Vessel. Following the completion of the immediate repairs and improvements, the Vessel was transported from Stackton, where it had been moored, to Whitby Harbour, where it was intended to be operated as a museum, restaurant and event facility.
Trading commenced in August 2018, far later than had originally been planned due to problems experienced with the relocation of the Vessel, Given the seasonal nature of the tourism industry in Whitby, the Company traded at a loss and was entirely dependent upon unsecured loans provided by the directors to meet its running costs and liabilities.
Administrators' statement of proposals (2019-06-11) · Companies House register