Ocean Sky Winding Up Notice
 

I posted a question on Friday regarding Ocean Sky and was told, by an Ocean Sky empolyee that all was Ok, and rumour was unfounded.

However, this was published in the London Gazette on Thursday 23 Aug 2012:

Date: 23 August 2012
Issue Number: 60247
Page number: 16330

Publication Date: Thursday, 23 August 2012

Notice Code: 2450

Petitions to Wind Up (Companies)

In the High Court of Justice (Chancery Division)

Companies Court No 6028 of 2012

In the Matter of OCEAN SKY AVIATION LIMITED

(Company Number 04621318)

and in the Matter of the Insolvency Act 1986

A Petition to wind up the above-named Company, Registration Number 04621318, of Portland House, Bressenden Place, London, United Kingdom, SW1E 5BH, presented on 25 July 2012 by the Commissioners for HM Revenue and Customs, of Bush House, Strand, London WC2B 4RD, claiming to be Creditors of the Company, will be heard at the Royal Courts of Justice, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, on 10 September 2012, at 1030 hours (or as soon thereafter as the Petition can be heard).

Any persons intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioners or to their Solicitor in accordance with Rule 4.16 by 1600 hours on 7 September 2012.


The Petitioners’ Solicitor is the Solicitor to HM Revenue and Customs, Solicitor’s Office, South West Wing, Bush House, Strand, London WC2B 4RD, telephone 020 7438 7731. (Ref SLR 1395691/37/W.)


23 August 2012.

I know that the AOC holders is Ocean Sky (UK) Ltd, a separate limited Company (04028634), but isn't this extreme action by HM Revenue & Customs?

So if Ocean Sky pay all its back taxes, the notice is withdrawn?

Guessing this would explain the exodus of some staff to AeroToyStore @STN:E

The AOC operation (Ocean Sky UK) remains unaffected by this closure.

That's as maybe, twinjetter, at the moment, but allowing winding-up petitions to be published seems to show a lack of planning, or something else?

Now you know where the money has gone to at ATS @ STN:E

Is it surprising? The last published accounts show debts of over £19m

Exodus of oceansky to toy store, don't think they did, the ATS staff are a tad more local to STN than that

Predicted this a few years back when SG took over. He had no interest in aircraft management / AOC work / Brokerage. It was all about the FBO's, I'm just surprised it's taken this long :ugh:

I've heard from two sources today that the axe has finally fallen on everything apart from the FBO's and the maintenance.

Can anyone confirm or deny this?

MB, heard something similar.

Rumours of our demise are greatly exaggerated; the AOC operation remains fully functional.

Well that's great news about the AOC - can you comment on the aircraft management, charter sales and brokerage side of the business?

Would that it was so simple .......for better or worse I fear Ocean Sky is mortally wounded . :sad::(

Come on TJ, you've sung this song before!

I guess I'm just a glass-half-full kind of guy:)

You want to be careful having a half full glass there at O/S - someone will come along and use it to top their own glass up when your backs turned!!

Their mailshot yesterday for a trade show said they did FBOs, Interiors and Engineering...

I'm hearing AOC possibly suspended and bailiffs arriving soon if not already, at Luton. Anyone heard the same ?

Surely all the fat cats and other you mentioned where all at Bressenden Place?

Who is paying for the new relocated FBO facilities at LTN?.....plenty of earthworks still going on!!

All done and dusted ?
 

I'm still not sure what's going on ......not a whisper from Bressenden Palace or Brittania House for that matter . No sign of Salaries that would normally arrive into Accounts today ......rumours of bailiffs , AOC suspension and impounding of Aircraft but no real , solid reliable information .:{

Ref OCS- I am just going outside, and may be some time (metaphorically, of course)

Welcome to the Insolvency List

:sad:

CAS - wrong company, not AOC holder.

I have no opinion on OCS aoc future, just a statement of fact.

Apologies TJ. Hope all goes well with the AOC side as IMHO Ocean Sky is a good company with good people.

Best of luck TJ old bean. :}

Good luck everybody - there but for the grace of god..

Bailiffs turned up at their LTN hangar at the end of last week but were sent packing as they could not get airside. Thought the engineering side was a different company which was apparently pointed out to them before they left empty handed. Maybe they were after an aircraft and not the engineering assets?

Work continues on the new FBO building and new aprons but progress seems rather slow.

Clearly being MI6's charterer of choice was of little help in the end! ;)

Any help
 

Hi,

Looking for some help if possible. Currently dealing with an aircraft owner who has his Aircraft Managed by Ocean Sky. The Owners Office is trying to contact Ocean Sky to obtain details about whats going on, and also more importantly what state their account is in, is the aircraft still covered by insurance etc. The people they normally speak to have apprently left Ocean Sky last week.

Who can be appraoched at Ocean Sky to get some answers about the Aircraft and the status of the Management account etc?

Thanks in advance.

Just heard on the grapevine that the liquidators have been at the FBO's too?? Probably just rumour, but has anyone else heard the same?

I've heard a lot of stories coming out of OCS via my contact there in the last couple of days, many of which turned out to be 'not quite right'

I understand the juicy bits of the company (the FBOs, Engineering) have been sold off to some billionaire from Russia, who already had a lot to do with the company..so they are safe and will continue to do well

but there is no clear news about the future of Ocean Sky (UK) the charter/Ops etc..I think that has obviously been written off as top-heavy and unlikely-to-get-profitable anytime soon, and so it is left to it's own devices (management buy out?). I've heard most of the planes are staying with Ocean Sky (UK) and continuing to fly (not on an AOC, because it might have gone already) quite happily, but who knows?

It was a really good company, maybe too many 'self marketing in-and-out' directors, REMFs (client managers etc) not enough management accounting going on. a really bloody shame. to all the brilliant office guys left behind, i really hope it pulls through, I am sure it will

So if I read that right, the FBO's have been sold by the Ocean Sky group, to the person who financially backed the Ocean Sky group?

Last time this happened the aircraft spent a few happy weeks in Prague I believe.......

That would be the most sensible decision RS could make! Obvioulsy got fed up with pumping money into a black hole and wanted to see some return on his investment, but it'll take a LONG time to get any sort of return on the money that's already been wasted (if ever)!

The backers must be pretty pissed off with Aviation by now. Told by some smart fellow that plenty of money could be made in Business Aviation having lost millions with freighters! :rolleyes::ugh:

That's not quite how it happened - after a few years of chartering, the thought process was "How hard can this be? Surely we can do it better".

Don't know about Ocean sky situation but also heard that some crews haven't been paid salary due for August...sorry for you guys :\ but maybe time to look elsewhere?

The construction of their new FBO at Luton continues.