Yacht Solutions Worldwide Ltd (11295336): administration and why it failed

Yacht Solutions Worldwide Ltd (11295336): administration

Status: Administration ended
Administration began: 2021-04-06
Administrators: Steven Colin Henson
Administrators' firm: Castle Hill Insolvency
Incorporated: 2018-04-06
Location: Newton Abbot
Industry: 33150 Repair and maintenance of ships and boats

Why it went into administration

HMRC / tax arrears
COVID-19
Cash flow / liquidity pressure

From the administrators' statement

yacht builder.

The directors maifitainéd a -good relationship. with their forfrier émployer' who now represents the majority of the. work undertaken: by the Company.

The company specialises in.after-sales and retro fit of yachts. botti lacally‘and internationally

Administrators' statement of proposals (2021-04-23) · Companies House register

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