Fairline new owner?

[Sticky Fingers]

I have lasted longer than your hero Barnier.

Lol

 

[Seastoke]

That explains a lot. I noticed a certain other 'forum character' had gone a bit quiet!

Anyway, back to Fairline, could you tell us more please Pete? You're clearly concerned about this situation?

Hey ari ,I only changed my name during bre it

 

[Clash]

Looking at the history of Fairline, it sounds like the school bicycle. It has changed hands eight times since 2006 and this is the ninth unless I missed one between 2021 and now. The vast majority of owners in that time have been hedge funds and vulture capital companies. There have even been a couple of Russians in there along the way. Nine owners in eighteen years.

Imagine if you worked for them. You'd never stop looking over your shoulder.

 

[Sticky Fingers]

Looking at the history of Fairline, it sounds like the school bicycle. It has changed hands eight times since 2006 and this is the ninth unless I missed one between 2021 and now. The vast majority of owners in that time have been hedge funds and vulture capital companies. There have even been a couple of Russians in there along the way. Nine owners in eighteen years.

Imagine if you worked for them. You'd never stop looking over your shoulder.

This lot are repeat offenders.

 

[Clash]

Do Fletcher still exist as a manufacturer? Looking at the company details, I can't see how with less than 10 employees and turnover under the reporting level.

And yet there's a nice flashy website listing sports boats for sale up to 23 foot. What is going on?

 

[SC35]

And yet there's a nice flashy website listing sports boats for sale up to 23 foot. What is going on?

Not a lot.
This reminds me of when Oxford Investment Group bought Sealine.

 

[stelican]

Not a lot.
This reminds me of when Oxford Investment Group bought Sealine.

Wasn't Sealines site prime development land.
I understand it is now a retail park.

 

[PowerYachtBlog]

I hope this works for Fairline, but I am always susceptible when investment firms and or similar is involved. The horizon does not look good.
They have done some nice models recently, although the price point of these can be discussed at infinitum.

We had the Covid-19 bubble which has blown off so reality check is here in a very competitive environment.

The problem I see with the big British brands, is that they just have bean-counter managed (Fairline probably the most), with little understanding of manufacturing and how to do things.
It would be interesting to know if any of these bean-counters do actually boat, cause even that would help.
Yes in the end is all about the beans, but for good beans you need a good soil and you need time.

These Bean-Counters just want to inflate the business and then pass the ball to the highest possible margin to the next bean counter.
They really do not care about the business and what it represents not only to the workers but also the buyers.

 

[Clash]

I hope this works for Fairline, but I am always susceptible when investment firms and or similar is involved. The horizon does not look good.
They have done some nice models recently, although the price point of these can be discussed at infinitum.

We had the Covid-19 bubble which has blown off so reality check is here in a very competitive environment.

The problem I see with the big British brands, is that they just have bean-counter managed (Fairline probably the most), with little understanding of manufacturing and how to do things.
It would be interesting to know if any of these bean-counters do actually boat, cause even that would help.
Yes in the end is all about the beans, but for good beans you need a good soil and you need time.

These Bean-Counters just want to inflate the business and then pass the ball to the highest possible margin to the next bean counter.
They really do not care about the business and what it represents not only to the workers but also the buyers.

Would be more vulture capitalists than bean counters (accountants). Get in cheap, run for a few years and cut costs, sell out higher to the next vulture capitalist. Though unlike Sealine, there doesn't seem to be much of a prospect of turning the property into some added value development as it's in a business park.

The name would have some value though. If it goes the way of Sealine, that would be incredibly sad. What these guys have done to Fletcher wouldn't give you much hope for the future.

 

[volvopaul]

Wasn't Sealines site prime development land.
I understand it is now a retail park.

Exactly there was only one motive there .

 

[Seastoke]

You can’t really build T60;s in the middle of the country

 

[PaulRainbow]

You can’t really build T60;s in the middle of the country

Tell that to Fairline, who build 70ft Squadrons in Oundle.

 

[Seastoke]

Tell that to Fairline, who build 70ft Squadrons in Oundle.

Oundle has plenty of Broom.

 

[PaulRainbow]

Oundle has plenty of Broom.

Broom don't build boats anymore

 

[Sticky Fingers]

 

[NEB]

Broom don't build boats anymore

Brooms have also recently been sold. The new owner, who is a proper Broadsman, has indicated new boats are a possibility.