Coastline Surveys in liquidation

Companies House confirms the liquidation, although it’s as yet unclear as to when it happened. The company’s last set of accounts were filed up until June 2012.

A source told MJ that the liquidation was voluntary and it materialises that the firm may have been struggling for some time.

It’s all a bit baffling though because the company appeared to have plenty of contracts last year. In November 2013 it completed a submarine asset survey for Wave Hub, a grid connected wave power testing facility in Cornwall, England.

It also secured contracts for offshore geophysical surveys for a windfarm East Anglia Offshore Wind Ltd (EAOW), the Navitus Bay windfarm off the Dorset and Hampshire coasts and the Swansea bay tidal lagoon power project.

There was also the joint venture agreement signed at Seawork 2013 to conduct seabed and cable burial surveys with Innovatum.

What is clear though is that Coastline had undergone a period of significant growth in a short space of time. It had invested heavily in developing a strong team of specialist surveyors and state of the art survey equipment on its survey ship, MV FlatHolm.

At the time of publication, representatives of the company had yet to make comment on the issue and if any contracts had been left outstanding at the time of liquidation.