The assets of a survey specialist that has gone into administration will be sold in an online auction on 16 July. Formerly known as Osiris Projects, Bibby HydroMap was established in 1997 and provide hydrographic, geophysical, UXO, ROV, and asset inspection surveys. Bibby HydroMap filed for administration in April, citing cashflow issues and seemingly unable to find a buyer or investor. As a result around 100 jobs were lost.
Offshore Shipbrokers Ltd (OSL) is providing exclusive vessel brokerage services for four vessels that form part of the assets of Bibby HydroMap Ltd, part of Bibby Marine. Pulsar has already been sold, while Proteus, Bibby Athena and Bibby Tethra are under offer.
Other marine survey and test equipment and associated assets belonging to Bibby Hydromap will be sold in an online auction on www.bidspotter.co.uk on 16 July.
KPMG’s Andrew Stone and Rick Harrison were appointed joint administrators and Gordon Brothers was subsequently instructed by KPMG to market for sale the marine survey vessel fleet of Bibby Hydromap, together with the inventory of equipment and associated assets.
Gordon Brothers will be supervising the disposition of all non-deployed survey equipment together with warehouse and office fixtures, fittings and test equipment, all of which is currently located at the company’s headquarters in Bromborough, Wirral, UK.