Port Dinorwic Marina - Case Update

The Port Dinorwic Marina has been sold to The Waterside Consortium, a newly-formed company of investors, almost one year after the company entered administration.

Simon Monks, Nicola Clark and Colin Haig of Azets were appointed joint administrators of the company in June 2023 after it experienced financial difficulties due to the COVID-19 pandemic and operational issues within the larger corporate group.

The joint administrators ensured trading could continue by securing a loan from Shawbrook Bank, the company’s existing lender, and engaged Christie & Co. to market the assets for sale.

Following the marketing process, The Waterside Consortium was selected as the successful bidder, reportedly to the dismay of Menter Felinheli, a local community initiative which had managed to raise £127,000 in just six weeks to try to save the historic harbour and marina.

The administrators have been assisted by Pinsent Masons (legal) and Christie & Co. (agents). Their latest progress report (filed in December) can be found HERE.