KPMG has been appointed administrator to Oyster Marine Ltd \u2013 in addition to the company\u2019s role as administrator to Oyster Marine Holdings.<\/p>\n
Oyster Marine is the primary trading company of the group and operates out of two sites – at Southampton and Wroxham.<\/p>\n
Interested parties are being invited to come forward \u2013 the administrators are calling for initial offers by March 2.<\/p>\n
\u201cThere is a lot of interest in the market and we would encourage any more interested parties to make contact as soon as possible,\u201d said joint administrator Neil Gostelow. \u201cWe are working with a large number of parties to progress their offers.\u201d<\/p>\n
Assets<\/p>\n
The administrators are marketing several Oyster Marine assets including the brand name and trademark, technical designs and drawings and associated IT hardware, build manuals, hull and other production mouldings, shares in subsidiary companies and the plant and machinery.<\/p>\n
Prior to the appointment, 117 employees were employed at the Saxon Wharf, Southampton site, led by Wayne Huntley.<\/p>\n
Manufacture of vessels over 75ft was undertaken on site, which contains six construction bays. The design team was also based on the site.<\/p>\n
The Wroxham site contains ten bays and was used primarily for the manufactures vessels under 75ft with 145 employed workers.<\/p>\n
Interested parties should contact: Andrew Stone at andrew.stone@kpmg.co.uk or Will Lewis at william.lewis@kpmg.co.uk<\/p>\n
Oyster Leasing, Southampton Yacht Services and Oyster Yachts remain dormant companies. Oyster Palma, Oyster Marine Events and Oyster Brokerage remain trading.<\/p>\n
via Boating Business | Administrators appointed to Oyster\u2019s main trading company<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" KPMG has been appointed administrator to Oyster Marine Ltd \u2013 in addition to the company\u2019s role as administrator to Oyster Marine Holdings. Oyster Marine is the primary trading company of the group and operates out of two sites – at … Continue reading