Download and read Southerly's full statement of affairs

Southerly Yachts accrued debts of more than £800,000 when it went into liquidation at the end of last month.
The boat builder based in Chichester, West Sussex, got into trouble after only 15 months of trading.

The company had only £200 in cash as assets on the books when it folded.
Southerly Yachts, formerly known as SY Yachts Southern Ltd, also had to be rescued from receivership in May 2013 with debts totaling almost £2m.
A list of Southerly’s latest creditors has now been published by Companies House, stating the boat builder owed £809,940 to more than 50 claimants.
One of those included Sunchalk Limited, the company that owns Northshore Shipyard where the boats were made. Southerly owed them £132,182.49 before they went into liquidation on 22 August.
Chichester District Council were also owed more than £67,000 by Southerly.
Fifty employees have lost their jobs as a result of the companies closure, which sees the end of more than 300 years of boat building in the area.
Despite the demise of the company, Northshore shipyard will continue trading, focusing on maintenance and storage.

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