Troon Realisations Limited (SC278544): administration
- Status
- Administration ended
- Administration began
- 2015-02-16
- Administrators' firm
- FRP Advisory
- Formerly
- Mackellar Sub-Sea Ltd.; Lochmanse Limited
- Incorporated
- 2005-01-17
- Location
- Edinburgh
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Management failings / irregularities
From the administrators' statement
The Company was incorporated in 2005 and acquired the business and assets of MacKellar Engineering (Grantown-On-Spey) Ltd, which had been placed into Receivership on 4 March 2005.
The Company trades from heritable and long-leasehold premises in Grantown-On-Spey, Morayshire. Its principal activity is the fabrication and manufacture of components for the sub-sea oil & gas industry. The Company grew rapidly over the prior three years, with turnover increasing by nearly £3M year on year from 2010/11 to the current time.
A summary of the Company’s recent financial history is shown below.
Administrators' statement of proposals (2015-04-20) · Companies House register