
STS Lord Nelson
The tall ship Lord Nelson is being offered for sale at an online auction by the global advisory and investment firm Gordon Brothers, acting on behalf of Richard Lewis and Sarah O’Toole, the joint administrators of Jubilee Sailing Trust Limited.
Jubilee Sailing Trust was forced into administration in August 2022, after one of the charity’s principal creditors ‘threatened imminent legal proceedings to reclaim their owed credit’, JST says.
The JST has so far operated through its two subsidiaries, Jubilee Sailing Trust Ltd and Jubilee Sailing Trust (Tenacious) Ltd. Tall ship Tenacious remains operational, the charity has stressed.