Neil Gostelow and Mark Orton from KPMG Restructuring have been appointed joint administrators to Oyster Marine Holdings Limited, the holding company for the Oyster Yacht group of luxury boat builders.
Headquartered in Southampton, the company also trades from Wherstead in Suffolk and has two employees. The company’s main trading business, Oyster Yachts, is currently considering its options after failing to secure sufficient funding to be able to continue to trade. No other companies within the group form part of this particular administration.
Oyster Marine Holdings holds the Oyster Group’s interest in the intellectual property of the technical drawings and moulds used in the production of the yachts in the Oyster range.
Neil Gostelow, partner at KPMG and joint administrator, commented: “Late last week, the company directors confirmed that they had been unable to secure the financial support they needed to continue to trade the business. Our immediate priority will be to seek a buyer for the business and its assets and would encourage any interested parties to contact us as soon as possible.”
Interested parties are advised to contact William Lewis who is part of the Administration team on 07771 555540 or firstname.lastname@example.org
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