On 28 January PricewaterhouseCoopers (PwC) revealed it had been appointed administrator after Subocean, led by managing director John Sinclair, failed to find a “solvent solution” to its cashflow crisis.
A number of firms were known to be interested in snapping up the Aberdeen-based company, which has grown rapidly to become one of the largest offshore wind-focused companies in the UK, with 320 employees and revenues of £65m ($103.1m)
