Marine Industry News reports that a company providing berthing and marine services at a storied North Wales marina has been sold after going into administration last year.

Port Dinorwic Marina, on the Menai Strait south-west of Bangor, is now in the hands of a consortium of local investors after its previous owner’s cashflow issues led to disputes with staff over unpaid wages and with contractors.

The marina dates back to 1763 and is a hub for cruising in the region — a popular haunt for Irish boaters both for leisure and for racing.

Simon Monks, joint administrator said of the sale: “Whilst Port Dinorwic Marina has had its challenges in recent years, its sale out of administration to a new owner/operator will enable the necessary investment to create a thriving marina that staff, berth holders and local community can be proud of.”

Marine Industry News has more on the story HERE.