M.B. Coronata LLP (SO302027): administration
- Status
- Administration ended
- Administration began
- 2011-06-09
- Administrators
- Alexander Iain Fraser, Thomas Campbell Maclennan
- Administrators' firm
- RSM
- Incorporated
- 2008-09-02
- Location
- Aberdeen
From the administrators' statement
The LLP was incorporated in September 2008 and commenced trading in October 2008. The LLP owned and operated the fishing vessel M.B. Coronata Ili BF356. There is also a licence and Fixed Quota Allocations (‘FQA’) of 2546 units which include, but are not limited to, haddock, plaice, turbot, cod, hake, pollack and whiting.
Trading results for 2009 show a loss before tax of c.£83k. Debt has been increasing through interest charges and insurance costs not being covered. In August 2010 a third party agreed to cover insurance and interest costs going forward. These were covered for September 2010, however, interest payments for December 2010 and March 2011 remain unpaid.
A summary of the LLP’s recent trading performance is shown below. Statutory Accts 1 Jan 09 to 31 Dec 09 £'000 Turnover 238 Cost of Sales (191)
Administrators' statement of proposals (2011-08-09) · Companies House register