Mara Seaweed Ltd (SC390829): administration
- Status
- Administration ended
- Administration began
- 2023-06-22
- Administrators
- Chad Griffin, Callum Angus Carmichael
- Administrators' firm
- FRP Advisory
- Formerly
- Celtic Sea Spice Company Ltd; Seaweed and EAT IT Ltd.
- Incorporated
- 2010-12-29
- Location
- Edinburgh
- Industry
- 10840 Manufacture of condiments and seasonings
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 29 December 2010 and initially traded under the name of Seaweed and Eat it Ltd until 8 February 2012 then Celtic Sea Spice Company Ltd until 31 August 2021 when it was changed to Mara Seaweed Limited.
The principal activity of the Company was the harvesting and processing of seaweed to produce seaweed-based snacks and seasonings. Whilst trading, the Company had primarily operated from leasehold premises in Granton, Edinburgh. In 2023, the Company relocated to a new, leased processing facility at 59 Nasmyth Road, Glenrothes, Fife, KY6 2SD, where it employed 12 people.
Details of the Company’s directors, shareholders and registered charges are provided at Appendix A.
Administrators' statement of proposals (2023-08-10) · Companies House register