Nortemara Limited (SC312710): administration
- Status
- Administration ended
- Administration began
- 2013-11-18
- Administrators
- Alexander Iain Fraser, Thomas Campbell Maclennan
- Administrators' firm
- FRP Advisory
- Formerly
- Mackinco (57) Limited
- Incorporated
- 2006-11-29
- Location
- Aberdeen
- Industry
- 03110 Marine fishing
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2006 for the purpose of owning a fishing vessel with funding for the purchase of the assets obtained from the Royal Bank of Scotland plc CRBS”).
The vessel has had a history of mechanical failures whilst it has been an asset of the Company which despite several attempted repairs and overhauls has severely impacted on the amount of time spent at sea.
Successful repairs were made to the vessel in 2012 and the vessel enjoyed profitable trips however large losses had been suffered in the previous year and the Company was under pressure from creditors.
Administrators' statement of proposals (2014-01-13) · Companies House register