Uavend Investments LLP – administration

Uavend Investments LLP, the owner of the Island Harbour Marina in the Isle of Wight, entered administration on 13 September due to “unforeseen circumstances”. The marina employed 13 people, the majority of whom have been made redundant. Around 25 boat owners were trapped inside the lock at Binfield after staff were let go and the keys were handed over, but the issues have since been resolved. Other businesses in the complex, including the Breeze Restaurant, are under separate ownership and remain open. Stephen Lancaster and Kevin Lucas of Lucas Ross Limited were appointed joint administrators. There are five unsatisfied charges against the company, four in favour of Broadleaf Assist Ltd and one in favour of Ldf Finance No.3 Limited.