OCEANTEE, the sustainable golf brand which was shortlisted for a prestigious start-up award earlier in the year, has filed for administration.
In a statement, James Dawkins, brand and marketing director of OCEANTEE said: “Unfortunately the business has been experiencing financial difficulties and after much deliberation it has been decided that the only appropriate action moving forward is to liquidate the company. There have been several factors over the last six months that have led to this difficult decision being made.”
Golf Management understands that Quantuma Advisory have been appointed as insolvency practitioners, and creditors will be contacted in due course regarding outstanding balances.
