Urban Powerboat Services Limited, a British boat manufacturer based in New Milton, Hampshire, has entered administration, according to a notice published in The London Gazette. The company, which specialises in building pleasure and sporting boats, was incorporated on August 8, 2023, and has been in business for less than three years.
Administration Details
The notice confirms that the company entered administration on July 2. Michael Roome and Jamie Playford, of insolvency firm Leading, have been appointed as joint administrators to oversee the process. The business operates from premises at the Stem Lane Industrial Estate in New Milton and is registered under the SIC classification for the manufacture of pleasure and sporting boats.
No reason for the administration has been given in the Gazette notice. The administrators have invited anyone seeking further information to contact their office in Norwich.
Company Background
On its website, Urban Powerboats describes itself as a British manufacturer of high-performance boats, aiming to deliver quality craftsmanship, advanced engineering, and bespoke customisation for customers. The company also states that its team has decades of combined experience in the marine industry.
Companies House records show Urban Powerboat Services Limited remains listed as an active private limited company, having been incorporated in August 2023. The company's registered office and principal trading address are both listed as 6-10 Queensway, Stem Lane Industrial Estate, New Milton, Hampshire.
Impact and Next Steps
The appointment of joint administrators means they will now assess the company's financial position and explore options for the business, which may include a sale or restructuring. The Express has contacted the company for comment but has not yet received a response.
