OMM placed into voluntary liquidation

In: Windfarms
09/04/2019
Offshore Marine Management Limited has placed itself into creditors' voluntary liquidation and engaged insolvency practitioner Smith & Williamson. The marine services company offers offshore cable installation in the renewable energy, Offshore wind power, subsea telecommunications and oil & gas industries. It was founded in 2003 and headquartered from Bristol in the UK.

The director has nominated that Richard John Lewis and Gilbert John Lemon will be appointed as joint liquidators, both being insolvency practitioners bound by the Insolvency Code of Ethics. Creditors of the company have been notified and have until the 17 April 2019 to accept or object to OMM’s choice of licensed insolvency practitioners. Unless 10% in value of the company's creditors object to the nomination, the appointment decision will move forward.

Furthermore, creditors have the option to form a liquidation committee however this is subject to sufficient creditors agreeing to become a member.

Offshore Marine Management Limited has worked on numerous subsea cable projects in the UK and in Europe. This includes the
COBRA, Nemo Link and Western Link interconnector projects as well as the Borkum Riffgrund, Galloper, Race Bank, Walney and Wikinger offshore wind farms. It has also supported the DolWin, BorWin and SylWin offshore grid connection projects which link wind farms off Germany to the onshore grid.

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