Labrador Posted February 6, 2018 Share Posted February 6, 2018 I see that Oyster Marine have basically gone into liquidation. Feel sorry for the hundred and whatever who work at the Hoveton yard. 2 Quote Link to comment Share on other sites More sharing options...
NeilB Posted February 6, 2018 Share Posted February 6, 2018 About 160 at Wroxham apparently with the same in Southampton. Not sure we have the full picture yet - http://www.boatingbusiness.com/news101/boatbuilding/boatbuilding/oyster-yachts-goes-into-liquidation?mkt_tok=eyJpIjoiWVRJMlpHVTNZemRoTnpFeCIsInQiOiJjcXh3bkNGVk5CMytEQlpHMWxEekFrT3N2eTVPZklRU1pzKzhXRWYxeFg0K0NXdnpRekZUeSt2M1dKU1FDOW43TWhcL2RFb0t3TFNkclJiT3FFald5VHR0b1lnS1wvSjh4RllVWmNSck5uSnFkOXFXUkZ5cCt0bGxjdUhNcFVKaVwvTCJ9 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted February 6, 2018 Share Posted February 6, 2018 Wow its not long since they were looking for boat builders and I mean literally few weeks ago Quote Link to comment Share on other sites More sharing options...
ChrisB Posted February 6, 2018 Share Posted February 6, 2018 That is dreadful news. Such beautiful yachts. I always thought that their "Style" was without equal. ..........:- who else has an owners cruise in company that is a Circumnavigation? Quote Link to comment Share on other sites More sharing options...
JennyMorgan Posted February 6, 2018 Share Posted February 6, 2018 More about it here: http://www.yachtingmonthly.com/news/oyster-yachts-gone-liquidation-2-64825 http://www.edp24.co.uk/business/oyster-yachts-marine-norwich-wroxham-ipswich-rhode-island-palma-boats-east-anglia-1-5383740 Quote Link to comment Share on other sites More sharing options...
ChrisB Posted February 6, 2018 Share Posted February 6, 2018 I sincerely hope that there are not too many small local businesses tied into their supply chain and that they don't take them down with them. 1 Quote Link to comment Share on other sites More sharing options...
Labrador Posted February 6, 2018 Author Share Posted February 6, 2018 12 minutes ago, Ricardo said: Wow its not long since they were looking for boat builders and I mean literally few weeks ago Up to yesterday they were still advertising on their website(now defunct) Quote Link to comment Share on other sites More sharing options...
ranworthbreeze Posted February 6, 2018 Share Posted February 6, 2018 Just now, ChrisB said: I sincerely hope that there are not too many small local businesses tied into their supply chain and that they don't take them down with them. Hi ChrisB, We all know that there will be a knock on effect if their purchasing department use any local suppliers, lets hope for all concerned that they do not go into receivership, the only people who get anything is the tax, VAT and the administrators. Regards Alan 1 Quote Link to comment Share on other sites More sharing options...
MBA Marine Posted February 7, 2018 Share Posted February 7, 2018 It's a sad time for those who have just lost their jobs, I had friends working there that were still there from when when I was a Landamore boy building Oysters, one of my best friend's is currently in a state of shock, he was their a few years before me, I was there for 8.5 years and have been gone 10, he has lost the only job he has ever known. In my time before Oyster became masters of their own downfall, Landamore's purchased a lot locally including the largest part, the bare shells were fabricated at Bridgeland moulders then transported about 3 miles for fit out. Oyster must have been Bridgeland's biggest customer I hope Bridgeies will be ok. 3 1 Quote Link to comment Share on other sites More sharing options...
Chelsea14Ian Posted February 7, 2018 Share Posted February 7, 2018 It's never nice for those caught up.It happened to me once,It takes time to pick up the pieces. I hope all those working there have jobs to go to. 1 Quote Link to comment Share on other sites More sharing options...
ChrisB Posted February 7, 2018 Share Posted February 7, 2018 But it is not only Oyster under the Windboats banner is it? Where does this leave Hardy Marine, Gunfleet and Trusty... Quote Link to comment Share on other sites More sharing options...
MBA Marine Posted February 7, 2018 Share Posted February 7, 2018 Just now, ChrisB said: But it is not only Oyster under the Windboats banner is it? Where does this leave Hardy Marine, Gunfleet and Trusty... They're nothing to do with Oyster Quote Link to comment Share on other sites More sharing options...
Labrador Posted February 7, 2018 Author Share Posted February 7, 2018 Bridglands staff have all been laid off, I.e. they won't get paid for carrying on moulding, as this is a case of all their eggs in one basket 1 Quote Link to comment Share on other sites More sharing options...
ChrisB Posted February 7, 2018 Share Posted February 7, 2018 Please see last paragraph When were Hardy, Gunfleet and Trusty spun off? They have a trusty 23 for sale outside their works in Wroxham. Quote Link to comment Share on other sites More sharing options...
ChrisB Posted February 7, 2018 Share Posted February 7, 2018 If that Trusty is still there. I know I gave up ownership today but I might offer the receiver £30K to take it off his hands Quote Link to comment Share on other sites More sharing options...
Labrador Posted February 7, 2018 Author Share Posted February 7, 2018 7 minutes ago, ChrisB said: But it is not only Oyster under the Windboats banner is it? Where does this leave Hardy Marine, Gunfleet and Trusty... Oyster actually did Windboats a favour by taking away the build contract, at least they had a window to seek other work, like purchasing Hardys and taking on the Gunfleet brand, as well as Trustys. Quote Link to comment Share on other sites More sharing options...
MBA Marine Posted February 7, 2018 Share Posted February 7, 2018 Windboats used to build for Oyster as did Landamores, Oyster bought out Landamores as a builder and binned off windboats. Gunfleet is the interesting one, started by Richard Matthews a few years after he sold Oyster Should add Landamores still trade from there old site in Hoveton and are slowly growing again. Quote Link to comment Share on other sites More sharing options...
Labrador Posted February 7, 2018 Author Share Posted February 7, 2018 1 minute ago, ChrisB said: If that Trusty is still there. I know I gave up ownership today but I might offer the receiver £30K to take it off his hands What are you on about? Windboats is solvent and trading, they are nothing, NOTHING to do with Oyster Yachts. 1 Quote Link to comment Share on other sites More sharing options...
Jbx5 Posted February 7, 2018 Share Posted February 7, 2018 Don’t think it was there this morning John Quote Link to comment Share on other sites More sharing options...
ChrisB Posted February 7, 2018 Share Posted February 7, 2018 I thought Windboats still built them.. sorry... Quote Link to comment Share on other sites More sharing options...
Labrador Posted February 7, 2018 Author Share Posted February 7, 2018 The last Oyster built by Windboats came out of the build shop on 31st July 2013 1 1 Quote Link to comment Share on other sites More sharing options...
Labrador Posted February 7, 2018 Author Share Posted February 7, 2018 This is it, the last Oyster produced by Windboats. 4 1 Quote Link to comment Share on other sites More sharing options...
Labrador Posted February 7, 2018 Author Share Posted February 7, 2018 Another shot 3 Quote Link to comment Share on other sites More sharing options...
NeilB Posted February 8, 2018 Share Posted February 8, 2018 KPMG have just been appointed as administrators so it's now official - http://www.boatingbusiness.com/news101/industry-news/administrator-appointed-for-oyster-marine-holdings?mkt_tok=eyJpIjoiTnpJek5UQmhPRGMxWXpjNCIsInQiOiJWQkkrYVU3TTRBeWxZdFhPRDMwdVZBWmE2emthd1FQTGs1b0xHRzg5cUJSdmoxXC9obDFZWDRTbzJcL1RCNDNXb1MzVTJWb3BzZ2IxbCtlc0x4bnpEUGluVk1JNEVudEl2OU9jWGVtejNmRDRDNVd5K1NrOUFpMFdwd2VSWlwvaUZnTSJ9 Quote Link to comment Share on other sites More sharing options...
TheQ Posted February 9, 2018 Share Posted February 9, 2018 I must admit I'm expecting some fancy company to buy the assets and dump the liablities, an 80 million pound order book must be worth something.. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.