Mara Seaweed Ltd - administration

Mara Seaweed Ltd, a Scottish seaweed brand, entered administration on 20 June after suffering severe working capital issues and unsustainable cash flow problems. Chad Griffin and Callum Carmichael of FRP Advisory were appointed Joint Administrators, and are marketing the brand and assets of the business for sale. Five staff have been retained to assist the Joint Administrators, while seven have been made redundant. Scottish Growth Scheme - Business Loans Scotland Debt Finance LP has a registered charge against the company.