# Buckie Shipyard Limited (SC158728)

> Why UK company SC158728 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC158728

- **Status:** Administration ended
- **Administration began:** 2013-08-23
- **Administrators:** Alexander Iain Fraser, Thomas Campbell Maclennan
- **Administrators' firm:** RSM
- **Formerly:** M M & S (2277) Limited
- **Incorporated:** 1995-06-19
- **Location:** Edinburgh
- **Industry:** 33150 Repair and maintenance of ships and boats

## Why it went into administration

- Competition / price pressure

## From the administrators' statement

The Company was incorporated in 1995 and is located in Buckie, Banffshire. It offered a wide range of operations to the marine industry, including construction, refit and repair of fishing vessels, RNLI lifeboats, ferries, tugs, workboats, yachts and pleasure vessels, pilot boats and MOD vessels. In recent years it has also constructed aluminium vessels ranging from 15metres to 24metres which are used in offshore wind farm servicing.

The Company's trade has contracted considerably over recent years due to a decline in the local fishing fleet and centralisation by the RNLI of lifeboat building and repairs at its headquarters in Poole. There is also intense competition to construct off shore wind farm servicing vessels, leading to lower margins and profitability.

The Company struggled to retain core staff due to extreme wage competition from the oil and gas sector based in the North East of Scotland, which caused extensive continuity issues on contracts and consequent delays in vessel construction.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC158728/filing-history/MzA4NzI5MzM3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC158728

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