X-Subsea UK Holding Limited (SC357286): administration
- Status
- Administration ended
- Administration began
- 2015-04-27
- Administrators
- Alexander Iain Fraser, Thomas Campbell Maclennan
- Administrators' firm
- FRP Advisory
- Formerly
- Reef Subsea UK Limited; Scanmudring UK Limited; Ledge 1070 Limited
- Incorporated
- 2009-03-26
- Location
- Aberdeen
- Industry
- 74990 Non-trading company
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in 2009 and is a subsidiary of Reef Subsea AS, a company registered in Norway.
In November 2011, Reef Subsea AS acquired the dredging and excavation operations of the global X-Subsea business (at that time called Rotech), with XSUKH acting as the holding company of the group. A structure of the X-Subsea group as at the date of my appointment is below.
X-Subsea UK Holding Ltd (ADM) "XSUKH"
Administrators' statement of proposals (2015-06-24) · Companies House register