Ferguson Marine Ltd (SC129659): administration
- Status
- In administration
- Administration began
- 2014-08-22
- Administrators
- Blair Carnegie Nimmo, Gerard Anthony Friar
- Administrators' firm
- KPMG
- Formerly
- Ferguson Marine PLC; Eurolink Homes PLC
- Incorporated
- 1991-01-30
- Location
- Glasgow
- Industry
- 70100 Activities of head offices
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 5NG, 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.
Administrators' statement of proposals (2014-10-08) · Companies House register