Following the recent verdict in the Cheeki Rafiki trial (Friday 14 July), the RYA understandably suspended our recognition the same day. Without accreditations we were unable to trade and we ceased trading a few days later, while we sought professional advice.
Without the on-going income from its core product, the company is unable to fund its outgoings and has therefore become insolvent. It is with great sadness that I engaged an Insolvency Practitioner this afternoon (28th July 2017) to take appropriate steps to place the Company into Creditors Voluntary Liquidation.
Begbies Traynor will be handling the liquidation and will be writing to all creditors in this respect.
I am working with other industry members to try and relocate as many bookings as possible and am grateful for the good will being extended by some other sea schools who are rescuing some of our former clients.
If creditors are concerned about their financial situation they should write to Shani Roche of Begbies Trayner, 8a Carlton Crescent, Southampton, SO15 2EZ.
I would like to thank all those who have worked, trained and raced with Stormforce Coaching over the last sixteen years. Over 20,000 sailors and power boaters have joined us on training courses and our race crews have achieved podium results in numerous international regattas. This is in part a great testament to many of the staff that have worked with us. I would particularly like to thank those who have supported us and put their trust in us through the last three years. I am truly sorry this is how it has ended.
Doug Innes, Director