Rides. Oyster Yachts, went into liquidation on 6 February 2018, lost her keel on the coast of Spain in 2015, 400 jobs within the Oyster Yacht group are at risk. Oyster Yachts, the renowned British sailing yacht manufacturer, has, according to a number of sources, entered into liquidation after announcing a record £80million-plus order book on 10 January 2018. It is thought that there could be as many as 400 job losses for the company, which has construction bases in the UK’s Southampton and Norwich, as well as further offices in Ipswich (UK), Mallorca and Newport in the US. Jochen Rieker am 20.03.2018. Yachts. Oyster Yacht news that’s making waves. The Southampton-based builder of sailing yachts went into collapse caused by a combination of low margins and poor cost control. Oyster 82 sailing yacht "TillyMint" has been extremely well maintained by her current owners.Tilly Mint provides a beautifully finished interior of mahogany, which is stylishly complimented /> /> /> more View Video 23 m 2016 Oyster 725 £1,995,000 * Palma, Spain Berthon International From 2016, this terrific bluewater cruising yacht was built to sail the world. The group includes Oyster Marine Ltd, Oyster Brokerage Ltd and Southampton Yacht Services Ltd. Oyster Yachts goes into liquidation 06 Feb 2018 Email; Share. Oyster Yachts in Liquidation >> Scuttlebutt Sailing... Log in or Sign up. The news has come as a shock to many. Ein Sprecher der Werft soll dies zunächst bestätigt haben. Oyster Yachts has gone into liquidation, it has been reported, as of the afternoon of 5 February. Oyster Yachts in Liquidation: British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. 160 jobs were in peril and KPMG was brought in as administrator during the bankruptcy. ACCOUNTS MADE UP TO 31/03/2019. The company had previously reported … The failure of the business, which builds, services and charters vessels of up to 118ft in length, came despite it having its … Speaking exclusively to Boat International, the new owner and interim CEO said: "My intention is to get people back to work tomorrow, get costs down and increase the speed of the build." The Southampton-based yacht builders, Oyster Yachts, went into liquidation on 6 February 2018. How can I buy a business in administration? Discovery Yachts Ltd British luxury yacht builder, Oyster Yachts is believed to have gone into liquidation, just three weeks after announcing a record breaking 2017 and an order book of 33 yachts worth in … Facebook LinkedIn Twitter Print; The Oyster 745 was launched at boot Düsseldorf 2017. Oyster Yachts is expected to release a full statement soon. Oyster Yachts will require “third-party” support if it is to become viable once again. And it didn’t’ stop there; Oyster Yachts recently publicised the progress of new moulds for two of its models (the 825 and 895), suggesting the company was growing and performing well. The investigation and repair of structural defects on some models might also be a contributing factor. Oyster 82 sailing yacht "TillyMint" has been extremely well maintained by her current owners.Tilly Mint provides a beautifully finished interior of mahogany, which is stylishly complimented /> /> /> more View Video 23 m 2016 Oyster 725 £1,995,000 * Palma, Spain Berthon International From 2016, this terrific bluewater cruising yacht was built to sail the world. The failure of the business, which builds, services and charters vessels of up to 118ft in length, … Discussion in 'Sailboats' started by JosephT, Feb 8, 2018. Oyster Yachts in Liquidation. British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. Photo: Oyster yachts What is it like working on a custom project? Wednesday, 07 February 2018 . Boats for sale. Create an ad; Manage my ads; Boat selling tips; Useful Resources. If you are concerned about insolvency, liquidation or employee redundancies, talk to our experts at Company Rescue today. The number of job losses at each site is yet to be confirmed. Oyster Yachts recently launched its new model, the Oyster 745, at the Dusseldorf Boat Show. Some pages or content may fail to load. The number of job losses at each site is yet to be confirmed. In the meantime, 400 jobs within the Oyster Yacht group are at risk. Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma; Majorca; and Newport, USA; has announced 400 job losses. Leading UK sailing yacht brand Oyster Yachts has gone into liquidation. We're exploring all options and things may change overnight. BUSINESS ACTIVITY (SIC) 30120 - Building of pleasure and sporting boats INCORPORATION DATE 16/03/2018 (2 years and 10 months old) WEBSITE OYSTERYACHTS.COM CONFIRMATION STATEMENT MADE UP TO 15/03/2020. The company had previously reported … Richard Hadida Yachting has acquired Oyster Marine it emerged today (March 20), six weeks after the British yard went into administration. However, it is yet to confirm the number of job losses at each site. Oyster Yachts, the British luxury yacht builder, is reported to have gone into liquidation with all staff laid off. Oyster Yachts in Liquidation. Buy Boats, Marine & Aircraft Online. Featuring Reckmann hydraulic headsail furling, an … Oyster Yachts, which has a site at Wroxham, told staff that all operations had been stopped to prevent further losses, and that it was on the brink of insolvency. Georgia Tindale In February, when the news broke that the Southampton-based Oyster Yachts was facing liquidation, the reaction was one of shock throughout the industry. Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA. Oyster Yachts has been rescued from administration by gaming software entrepreneur, Richard Hadida British boatbuilder, Oyster Yachts, which ceased operations last month after going into liquidation, has been thrown a lifeline by businessman, Mr Hadida. Who gets paid first when a company goes bust? Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma; Majorca; and Newport, USA; has announced 400 job losses. The Southampton-based yacht builders, Oyster Yachts, went into liquidation on 6 February 2018. Boats, Marine & Aircraft. The losses may affect multiple locations, not just the headquarters in Southampton. Reportedly, the Southampton-based superyacht builder has informed all staff, some 160 individuals, that they will be losing their jobs. YachtWorld currently has 90 Oyster yachts for sale, including 7 new vessels and 83 used yachts, listed by experienced boat dealers mainly in the following countries: United Kingdom, Spain, United States, Italy and France. Can directors be liable for a company's debts? The number of job losses at each site is yet to be confirmed. We reported on the 22nd of January 'Oyster … The news has come as a shock to many. Oyster Yachts in Liquidation Published on February 6th, 2018 British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. Industry sources suggested that the company may have lost money in dealing with structural problems identified following the sinking of the Oyster yacht. In an announcement on the company’s website, David Tydeman, Oyster’s CEO, has stated: “It is with sincere regret that we advise that the company has been unable to secure financial support to enable it to continue at this time and it is looking at all opportunities available. The spontaneous liquidation of a good and big brand in the sailing and superyacht industry raises many questions. David Tydeman, Oyster Yacht’s CEO released this short statement on the company’s website; “It is with sincere regret that we advise that the Company has been unable to secure financial support to enable it to continue to trade at this time and it is looking at all opportunities available. Industry Database. 0 Custom Powered mono hull Commercial fishing. The reasons for the crash are not yet known but around 150 jobs are thought to be at risk. Oyster recently had the biggest sailing yacht on show at international Dusseldorf boat show but is rumoured to have gone into liquidation, with the doors closing today at their Southampton yard. Oyster is a classic yacht builder in the boating world. Southampton-based boatbuilders, Oyster Yachts has announced this week that it has failed to secure financial support and are unable to continue to trade at this time. 07 February 2018 Administrators have been appointed to Oyster Marine Holdings Limited, the holding company of Oyster Yachts. We reported on the 22nd of January 'Oyster … David Tydeman told SYT: 'Right now we are not in administration or liquidation but have sent employees home with a notice of the risk of redundancy. British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. The company was saved by … Oyster Yachts in Liquidation – LUXUO. It received much praise for its innovative and modern design. I have bought something from a company in administration. Personal Guarantee What Happens In Insolvency? The industry expects Oyster Yachts to make a statement regarding this later in … The number of job losses at each site is yet to be confirmed… However, before that happens, many employees are likely to become redundant. Highly spec’d with a Hall Spars sloop rig setup, which has been upgraded to a three spreader Carbon spar and Carbon v-boom, Pitanga has the perfect RTW spec and unbridled blue water capability. This afternoon, CEO of Oyster Yachts, David Tydeman, released the following statement on their website: 'It is with sincere regret that we advise that the Company … Oyster Yachts goes into liquidation 06 Feb 2018 Email; Share. British luxury boatbuilder, Oyster Yachts, has gone into liquidation with the loss of 150 jobs Workers at the boatbuilding yard in Norfolk were sent home after being told their employer “has run out of cash”. It was only earlier this year that Oyster Yachts launched their award-winning model, the Oyster 745 at boot Düsseldorf. OysterStory claims to be a first-hand account of what happened to the Oyster 825-02 sailing yacht, PSIII, and how, in their opinion, the failure to handle the dispute adequately led to the liquidation of the Oyster Yachts’ shipyard. Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma; Majorca; and Newport, USA; has announced 400 job losses. SuperyachtNews speaks exclusively … The number of job losses at each site is yet to be confirmed. The owner of POLINA STAR III, Mr. Alexander V. Ezhkov and his team investigate also in the reasons of the liquidation on their website. Explore. Industry sources suggested that the company may have lost money in dealing with structural problems identified following the sinking of the Oyster yacht Polina Star III, which lost her keel and sank off the coast of Spain in 2015. 160 employees lost their jobs. Facebook LinkedIn Twitter Print; The Oyster 745 was launched at boot Düsseldorf 2017. ©2021 Company Rescue is a trading name of KSA Group Limited. February 6, 2018. Since then, it has been extremely successful. The number of job losses … All Charter Yachts; Yacht Brokerage . The number of job losses … February 6, 2018. After ending 2017 with an £80 million order book and showcasing their newest model, the 745, only a month before at boot Düsseldorf, the future for Oyster looked bright. Discussion in 'Sailboats' started by JosephT, Feb 8, 2018. British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. The number of job losses … Boat Design Net. Wie ein Donnerschlag hallt die Nachricht von einem Aus der 1973 gegründeten Oyster-Werft durch die maritime Welt. Oyster Yachts, the British yard that ceased operations last month has been saved from liquidation by tech entrepreneur Richard Hadida. So far, 160 staff at Saxon Wharf and 10 at Fox’s Marina, Ipswich, are facing redundancy. Rides. According to reports in local media the Eastern Daily Press, it was announced to staff at the company’s Wroxham yard on Monday 5 February that operations would be ceasing without delay in order to “prevent further losses, and that it was on the brink of insolvency”, and in a letter to staff the company had stated that it was likely that it would have to make all of its employees redundant. Unreserved NSW Police Auctions – Including Designer Watches Location: Moorebank, Sydney, NSW – Pickup Only View Auction Items include Rolex Oyster Perpetual GMT Master II Rolex ‘Yacht-Master II’ Wrist Watch Omega ‘Seamaster’ Aqua Terra Co Axial James Bond Limited Edition Louis Vuitton Black Handbag Rolex ‘Oyster Perpetual’ Day-Date Wrist Watch Rolex ‘Oyster … In 2012, HTP Investments BV bought the company from Balmoral Capital. Discovery Yachts Ltd British luxury yacht builder, Oyster Yachts is believed to have gone into liquidation, just three weeks after announcing a record breaking 2017 and an order book of 33 yachts worth in … The main reason for the company’s sudden liquidation appears to be due to the heavily rumoured news that Dutch investment firm HTP Investments has withdrawn financial support for Oyster Yachts; They bought the company for just under £15 million in 2012. We hope a solution can be found soon and that all those jobs can be saved. Oyster Yachts in Liquidation. Other employees are awaiting news about the company's future. Oyster Yachts in Liquidation. “The company has decided to close all operations today (and for the immediate future) to prevent or minimise all loss to employees and all other creditors.”. Oyster is a British bluewater sailing yacht builder. Oyster Yachts, the renowned British sailing yacht manufacturer, has, according to a number of sources, entered into liquidation after announcing a record £80million-plus order book on 10 January 2018. Oyster Yachts Confirms Liquidation. OYSTER YACHTS LIMITED. Leading UK sailing yacht brand Oyster Yachts has gone into liquidation. reviews and events. We are investing in facilities to make this possible.”. All New Yachts; Oyster 495; Oyster 565; Oyster 595; Oyster 675; Oyster 745; Oyster 885 SII; Oyster 1225; Charter. The British luxury yacht builder Oyster Yachts is reported to have gone into liquidation as of 16.00 on Monday 5th February 2018 a statement said. A statement on the yacht builders website from CEO David Tydeman says: 'It is with sincere regret that we advise that the Company has been unable to secure financial support to enable it to continue to trade at this time and it … Oyster overview. Oyster Yachts gerettet – IT-Unternehmer übernimmt Luxuswerft. Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma; Majorca; and Newport, USA; has announced 400 job losses. SHARES. Worried Director What Will Happen To Me After Liquidation? Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma; Majorca; and Newport, USA; has announced 400 job losses. Richard Hadida Yachting has acquired the British yard, Oyster … In an announcement on the company’s website, David Tydeman, Oyster… The company also recently announced the sale of their 23rd Oyster 625 to a Californian client. What happens to my pension in insolvency. 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