The holding company behind a network of marinas in Wales has gone into administration leaving uncertainty for its employees.
Administrators from insolvency firm RSM have been appointed to Cardiff-based Marine & Property Group (MPG), whose marina interests, which continue to trade and are not in administration, include those in Cardiff, Burry Port, Aberystwyth and Port Dinorwic.
In a statement, RSM said: "Damian Webb and Chris Lewis (of RSM UK) have been appointed as joint administrators of The Marine and Property Group (MPG). All other group companies are unaffected by the administration and should continue to trade as normal.
