Subsea engineering specialist collapses

AN established subsea engineering firm with roots in the North East stretching back more than 35 years has called in administrators only a year after it was acquired.

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Manta Systems UK, which had been called Modus Subsea Services, had suffered several years of losses and earlier this year was subject to a winding-up petition from Tompkins Investments, owned by former Modus owner Arthur Tompkins.