Wed, 30 Nov 2011 | ADMINISTRATION
Oban Marina, the picturesque harbour on the west coast of Scotland, is up for sale after its owner failed to recover from trading difficulties.
Both Oban Marina Ltd and its parent firm Shawhead Developments have been placed in the hands of administrators from BDO.
Though run separately, the firms had cross-guarantees in place for bank lending. The tie has resulted in the administration proceedings of both businesses.
Chartered surveyors Graham and Sibbald are handling the sale of Oban Marina as a going concern. The marina, situated on the Isle of Kerrera, is staffed by seven people and has 115 floating pontoon berths.
Facilities at the marina include four shower rooms, a laundry room, broadband access and winter storage. The nearby Waypoint Bar & Grill restaurant serves local fish to customers and is open between 1 June and 30 September.
James Stephen from BDO said: “We are hopeful of securing a sale and the company will continue to trade whilst this is explored.”
Bruce Murdoch of Graham and Sibbald commented: “The business benefits from a high level of occupancy and year-round revenue.”
He continued to say: “We are already encouraged by the level of initial interest being expressed which reflects the real potential of Oban Marina to continue to grow and serve the yachting community on the west coast of Scotland.”
The company offers a well-regarded own brand of hair care products focusing on hair growth and repair, featuring premium formulas that are natural, vegan, and cruelty-free. With a strong global presence and prestigious industry awards, the business h...
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This business offers a comprehensive range of road surfacing and civil engineering services, supported by significant investments in state-of-the-art equipment and a recently acquired operational site in Scotland to optimise efficiencies. With robust...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.