# FS Port Glasgow Limited (SC113454)

> Why UK company SC113454 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC113454

- **Status:** Administration ended
- **Administration began:** 2014-08-14
- **Administrators:** Blair Carnegie Nimmo, Gerard Anthony Friar
- **Administrators' firm:** KPMG
- **Formerly:** Ferguson Shipbuilders Limited; Vendale Limited
- **Incorporated:** 1988-09-20
- **Location:** Glasgow
- **Industry:** 30110 Building of ships and floating structures

## Why it went into administration

- Cash flow / liquidity pressure
- Competition / price pressure
- Pension deficit
- Parent or group failure

## From the administrators' statement

Ferguson was founded in 1902 when Peter Ferguson, co-founder of Fleming and Ferguson Shipbuilders (“FFS”), left FFS to set up a business with his three brothers Daniel, Louis and Robert.

In 1903, the brothers secured a lease in respect of the site at Newark Works, Port Glasgow, Renfrewshire, PA14 SNG, the Group’s trading premises at the date of our appointment. Shortly thereafter, a contract for the building of two steam tugs was obtained from Clyde Shipping Co Limited.

Over time, the business continued to grow and, amongst other contracts, built 29 ships _ during the First World War and 30 ships during the Second World War.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC113454/filing-history/MzEwOTA2MTUwNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC113454

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.