Mon, 24 Jun 2013 | ADMINISTRATION
Pearlwild Ltd, the business that operates Liverpool's Yellow Duckmarine attraction, has been placed in administration. Milner Boardman have been appointed to handle the matter.
The news comes just a week after one of the company's boats sank in the Albert Dock. None of the 31 people on board were seriously injured, but it was the second sinking involving one of the crafts in three months and the business has been troubled by investigations into the safety of its boats.
The Marine Accident Investigation Branch is currently investigating matters and the Maritime and Coastguard Agency has already withdrawn its certification on all of the company's four vessels.
Pearlwild itself has claimed that the latest incident was the result of debris in the water which lead to “severe damage to the hull” of the boat.
Joe Anderson, Liverpool Mayor, has stated that the fleet should “not be allowed back in the water” following numerous incidents.
The fleet of boats used by Yellow Duckmarines are DUKW vehicles, known as Ducks. They were used during the D-Day landings in the Second World War where they carried supplies and men ashore in areas where no port facilities existed. All four of the boats are almost 70-years-old and following their time in military service have collectively carried almost two million passengers around the Albert Dock since the tourist attraction was launched almost 13 years ago.
____________________________________________________________________________
Related news:
Find distressed opportunities at the right time
Represents an opportunity for an acquirer seeking a prolific wholesaler offering both ambient and frozen product.
Long-established print management and design company managed by an experienced team who will remain in situ post acquisition.
Established approximately 5 years ago, the company is a highly regarded recruitment agency based in the East of England. The company serves the HGV logistics, construction, mechanical and electrical services (M&E), and criminal justice sectors, offer...
10
|
Jan
|
Your.Cloud eyes up future M&A after buying IT group HDUK | BUSINESS SALE
A Dutch Managed Service Provider (MSP) acquirer Your.Cloud h...
10
|
Jan
|
Dental Beauty all smiles as it hits fifty-practice mark | BUSINESS SALE
Dental Beauty Partners has hit a fifty-practice milestone af...
09
|
Jan
|
Spandex reflects on Lakeside Group acquisition | BUSINESS SALE
Bristol-based Spandex, which creates innovative solutions fo...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.