Fletcher Shipping Limited (SC321161): administration
- Status
- Administration ended
- Administration began
- 2015-08-21
- Administrators
- Graham Douglas Frost, Toby Scott Underwood
- Administrators' firm
- PwC
- Incorporated
- 2007-04-16
- Location
- Glasgow
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
As detailed in my Initial Letter, the Company provided Platform Supply Vessels (“PSV’s”) to customers operating in the offshore oil and gas industry in the North Sea. It operated with a fleet of four vessels from office premises owned by the Company in Portlethen (“the Property”), offering vessels to customers involved in the oil exploration industry on both short and long term contracts. * . .
Administrators' statement of proposals (2015-10-14) · Companies House register