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Island Harbour Facing Administration As Recovery Specialists Appointed

The property and leisure specialists in charge of Newport's Island Harbour Marina have entered administration.

Five outstanding charges remain on the River Medina based commercial marina on the outskirts between Newport and Cowes.

Insolvency and business recovery specialists, Lucas Ross, have now been appointed to manage the facility.

A statement from Uavent Investments LLP, confirmed:

"Due to unforeseen circumstances, Uavend Investments is now in Administration."

We have contacted Lucas Ross and Uavend Investments for further clarification on the situation — with the latter's website now taken down.

 

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