Resilient Fishing LLP (SO300274): administration
- Status
- Administration ended
- Administration began
- 2012-11-01
- Administrators
- Paul Dounis, David M Menzies
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2003-09-25
- Location
- Edinburgh
From the administrators' statement
Despite a number of requests the designated members of the LLP have failed to provide us with the details of the events leading up to the appointment of the Administrators or reasons surrounding the failure of the LLP.
From our initial investigations the LLP traded as a working fishing boat until February 2012, it is understood that the vessel was trading successfully until the global financial crisis and the sales of fish dropped.
The LLP stopped servicing the debt due to the secured creditor and floating holder, Royal Bank of Scotland (“RBS”). RBS had very little communication with the designated members despite contacting them on numerous occasions and therefore lodged papers with the Court of Session to have Paul Dounis and David Menzies appointed as Joint Administrators on 1 November 2012.
Administrators' statement of proposals (2012-12-24) · Companies House register