Lymington-based Gulf of Aden Group Transits has ceased trading leaving dozens of staff stranded across the globe

GoAGT escorted ships through some of the world's most dangerous seas, including off the coast of Somalia, pictured, where piracy is rife

GoAGT escorted ships through some of the world's most dangerous seas, including off the coast of Somalia, pictured, where piracy is rife

First published in Hampshire Business
Last updated
Hampshire Chronicle: Photograph of the Author by , Political reporter

A MAJOR New Forest maritime security firm which protects ships from pirates has ceased trading, leaving dozens of its staff stranded around the globe.

Lymington-based Gulf of Aden Group Transits (GoAGT) went bust earlier this week after a meeting between firm bosses and its creditors.

It has been reported that the company allegedly owes millions of pounds in unpaid salaries.

The company, which provides security personnel to locations around the world, employs about 230 ex-military and naval personnel.

Staff had recently been deployed to locations including the Red Sea, the Indian Ocean and South Africa, and they were left needing to find their own way home before other companies stepped in to help.

Fellow maritime security firm Sea Marshals is one of the companies which has stepped in to help out staff stranded around some of the globe's most dangerous oceans.

Sea Marshals' operations manager Steve Collins said: “We were asked by the major creditor if we could step in and assist, as obviously those men have been left with no way to come home.

“We have taken responsibility for those on board vessels.

“And we have offered work to those on board the floating armouries in the Gulf and Red Sea, as other companies have.

“Nobody will be abandoned.”

GoAGT had escorted up to 50 ships and tankers through some of the world's most perilous seas, including off the coast of Somalia.

The company was founded in 2008 by former British Army pilot Nick Davis.

Comments (6)

Please log in to enable comment sorting

4:31pm Wed 30 Jul 14

rudolph_hucker says...

Cowboys fighting pirates
Cowboys fighting pirates rudolph_hucker
  • Score: 14

6:26pm Wed 30 Jul 14

proud2bfrom southampton says...

rudolph_hucker wrote:
Cowboys fighting pirates
tw@t
[quote][p][bold]rudolph_hucker[/bold] wrote: Cowboys fighting pirates[/p][/quote]tw@t proud2bfrom southampton
  • Score: -13

9:21pm Wed 30 Jul 14

Brite Spark says...

The guys who were employed for this Private Maritime Security Company (PMSC) did their jobs well, not one commercial vessel was taken by pirates whilst these guards were onboard, and that's hundreds maybe thousands of Indian Ocean transits. I guess that this companies fees for supplying guards to tankers, cargo and container vessels have been undercut by other companies who can supply armed guards from nations other than Britain at a cheaper rate. The demand for armed guards in The Indian Ocean is likely to reduce as maritime crime in the area is mitigated by the presence of International military who patrol the area by sea and air. On the other side of Africa, in the Gulf of Guinea, violent piracy is rife, but does not get reported in the UK or US media unless western crew are kidnapped. On the down side as far as PMSC's are concerned, West African countries and particularly Nigeria patrol its own Economic Exclusion Zone (EEZ) albeit not very well, and does not allow foreign armed guards to protect commercial vessels in their waters (we wouldn't want that over here to be honest but there again we pretty much have piracy under control in the English Channel!). As a footnote, GoAGT bosses have played a blinder in that they have 'ceased trading', and not 'gone into liquidation', by doing this, their guys who are now stranded in the Indian Ocean and Red Sea will not receive a penny in owed wages, holiday money or redundancy. After a long legal battle they will receive any redundancy monies owed via the Government, (not wages though) and from GoAGT.
The guys who were employed for this Private Maritime Security Company (PMSC) did their jobs well, not one commercial vessel was taken by pirates whilst these guards were onboard, and that's hundreds maybe thousands of Indian Ocean transits. I guess that this companies fees for supplying guards to tankers, cargo and container vessels have been undercut by other companies who can supply armed guards from nations other than Britain at a cheaper rate. The demand for armed guards in The Indian Ocean is likely to reduce as maritime crime in the area is mitigated by the presence of International military who patrol the area by sea and air. On the other side of Africa, in the Gulf of Guinea, violent piracy is rife, but does not get reported in the UK or US media unless western crew are kidnapped. On the down side as far as PMSC's are concerned, West African countries and particularly Nigeria patrol its own Economic Exclusion Zone (EEZ) albeit not very well, and does not allow foreign armed guards to protect commercial vessels in their waters (we wouldn't want that over here to be honest but there again we pretty much have piracy under control in the English Channel!). As a footnote, GoAGT bosses have played a blinder in that they have 'ceased trading', and not 'gone into liquidation', by doing this, their guys who are now stranded in the Indian Ocean and Red Sea will not receive a penny in owed wages, holiday money or redundancy. After a long legal battle they will receive any redundancy monies owed via the Government, (not wages though) and from GoAGT. Brite Spark
  • Score: 12

9:23pm Wed 30 Jul 14

Brite Spark says...

After a long legal battle they will receive any redundancy monies owed via the Government, (not wages though) and NOT from GoAGT.
After a long legal battle they will receive any redundancy monies owed via the Government, (not wages though) and NOT from GoAGT. Brite Spark
  • Score: 2

11:01pm Wed 30 Jul 14

The Liquidator says...

The affairs of GoAGT (UK) Limited and its connected company, Merchant Maritime Warfare Centre Limited are being dealt with by David Meany, Insolvency Practitioner at Ashtons, The Old Town Hall, 71 Christchurch Road, Ringwood BH24 1DH Tel 01202 970430 email admin@ashtonsrecover
y.co.uk
The affairs of GoAGT (UK) Limited and its connected company, Merchant Maritime Warfare Centre Limited are being dealt with by David Meany, Insolvency Practitioner at Ashtons, The Old Town Hall, 71 Christchurch Road, Ringwood BH24 1DH Tel 01202 970430 email admin@ashtonsrecover y.co.uk The Liquidator
  • Score: 2

1:25pm Thu 31 Jul 14

sammytsang says...

Not knowing the whole story, I take it that the boss took the money and just went byebye?
Not knowing the whole story, I take it that the boss took the money and just went byebye? sammytsang
  • Score: 0

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree