Island Harbour Marina in administration: new house owners sought

Directors are searching for new house owners for the Island Harbour Marina on the Isle of Wight after the operator, Uavend Investments LLP went into administration

It has been confirmed that Uavend Investments LLP, which owns and operates the Island Harbour Marina on the Isle of Wight, has entered administration.

Insolvency practitioner Stephen Lancaster from Lucas Ross Ltd was appointed administrator on the 16 September 2022.

The transfer left round 25 boats house owners stranded after they change into trapped behind the marina’s lock gates resulting from staffing disruption. This lasted round 24 hours earlier than the lock gates have been opened and boats might depart, topic to the tide.

Steve Webster is a berth holder. He stated he was disenchanted that there have been no preparations in place for boats wanting to go away the marina final Thursday and was relieved to be underway the next day.

‘We took our probability and exited as we’re undecided what future preparations could also be. We’re at the moment in Southampton for the boat present till Wednesday, then hoping that Island Harbour has some organisation,’ he stated.

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A spokesperson for Lucas Ross stated it was assessing all issues related to the marina and can be working as shortly as doable to seek out options and to minimise disruption to affected stakeholders.

The agency added that it’s actively seeking to promote the marina to new house owners and has already had ‘vital curiosity’.

Anybody wishing to register their curiosity ought to contact Lucas Ross by way of

Different companies on the marina complicated, together with the Breeze Restaurant, are independently owned and aren’t affected.

Uavend Investments LLP, which owns and operates the Island Harbour Marina, is owned by Eamon Mark O’Connor and Kevin George Webb, and was integrated in October 2012.

The marina, which is located on the River Medina, provides 222 berths for annual moorings and visiting yachts. There’s additionally a chandlery, boat builders with restore workshop, 50 ton hoist and slip crane, showers and laundry room.

It may well take boats with a most size of 65ft, beam of 24ft and draught of two.5m.

In the course of the summer season, the marina prices £410 per metre for boats with annual moorings.

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