Cosalt agrees to £400,000 offer from chairman
1873 – Great Grimsby Coal, Salt and Tanning Company founded
1971 – floats on stock exchange, becomes Cosalt
October 2007 – buys GTC marine services for £30m
June 2008 – David Ross becomes chairman
June 2008 – buys oil and gas support services firm Myhre-Maritime for £12m
August 2009 – £18.9m rescue fundraising
August 2009 – admits takeover approaches
October 2010 – reveals £4m hole in offshore business
August 2011 – sells marine business for £27m after costs
October 2011 – profits and cashflow warning
November 2011 – says running out of cash and considering £400,000 offer from David Ross