Kaste
Member
Just had our annual contract renewal bumph from MDL, and it has increased by 4.95% over this year. I am wondering if other forumites have had renewals from other operators, as IMO MDL are exploiting my loyalty.
Next years Marina charges
- Thread starter Kaste
- Start date
nicho
Well-known member
Once again, MDL (and probably the other Marina Companies as well) are robbing us blind. Double the rate of inflation, though it's been the same sort of increase for many years.
We need more competition out there.
We need more competition out there.
Questor
Active member
Just paid mine (Premier) a couple of weeks back. The increase was about the same.
goodwin71
New member
Try berthing @ Dart Marina, Dartmouth, ours went up 45% last year!
Kipper
New member
We dont get our new contract till the new year here at Hafan Pwllheli but the council voted a 10% rise again this year. Nothing we can do as there are no plans for new berths and over 400 on the waiting list, deposits paid. Got us by the Bxlls.
Gary
Gary
sailorman
Well-known member
6% Ipswich
david_steward
New member
Re: Only 2% increase for me!
At Rochester Cruising Club.
So now my fully serviced floating pontoon berth for a 46' Princess has risen to £985 for next year. /forums/images/graemlins/smile.gif
At Rochester Cruising Club.
So now my fully serviced floating pontoon berth for a 46' Princess has risen to £985 for next year. /forums/images/graemlins/smile.gif
ebbtide
N/A
And wodja get for it?
Another MDL servant with a 5% increase, but tell me:
My electricity supply isn't secure - nothing to stop the plug being pulled OR someone using my meter. How about yours?
Contribution from Trading Standards required please.
Yeah, should to be another thread . . . .
Another MDL servant with a 5% increase, but tell me:
My electricity supply isn't secure - nothing to stop the plug being pulled OR someone using my meter. How about yours?
Contribution from Trading Standards required please.
Yeah, should to be another thread . . . .
Phill
Member
Re: Only 2% increase for me!
[ QUOTE ]
At Rochester Cruising Club.
So now my fully serviced floating pontoon berth for a 46' Princess has risen to £985 for next year. /forums/images/graemlins/smile.gif
[/ QUOTE ]
Do you have a "welcome to moor alongside" sticker in the window? If so, fenders out, Im on my way.
/forums/images/graemlins/laugh.gif
[ QUOTE ]
At Rochester Cruising Club.
So now my fully serviced floating pontoon berth for a 46' Princess has risen to £985 for next year. /forums/images/graemlins/smile.gif
[/ QUOTE ]
Do you have a "welcome to moor alongside" sticker in the window? If so, fenders out, Im on my way.
/forums/images/graemlins/laugh.gif
Dave3729
New member
Re: Only 2% increase for me!
Down on the Blackwater. Cash deal ! If you no what i mean.
Same for the last 3 years !
Down on the Blackwater. Cash deal ! If you no what i mean.
Same for the last 3 years !
sailorman
Well-known member
Re: Only 2% increase for me!
marina berth or mooring /forums/images/graemlins/confused.gif
marina berth or mooring /forums/images/graemlins/confused.gif
trying
Active member
Boo!
Just trying to sort ours out for next year.
The boat is new to us this year so we are trying to move it slightly nearer to home.
At this rate it will be AT home on the trailer because our chosen marina seem to have a miraculous increase in metre rate when the boat gets over 8m LOA. Ours being just .2m over this seems to make a huge difference.
I always thought that the metre rate was just that multiplied by the length?
Just trying to sort ours out for next year.
The boat is new to us this year so we are trying to move it slightly nearer to home.
At this rate it will be AT home on the trailer because our chosen marina seem to have a miraculous increase in metre rate when the boat gets over 8m LOA. Ours being just .2m over this seems to make a huge difference.
I always thought that the metre rate was just that multiplied by the length?
rickp
Active member
My renewal quote is more than 3 times the price of an equally lovely marina in Holland - no wonder more and more folks are headed that way.
Rick
Rick
jcmmarine
New member
My club berth is less than 50 meters from a marina that, if I berthed there, would charge 4.67 times as much as I pay now.
What sort of profit are marinas making?
What sort of profit are marinas making?
trying
Active member
"What sort of profit are marinas making?"
LOTS
LOTS
sailorman
Well-known member
there is of course a HUGE WAITING LIST so book early /forums/images/graemlins/shocked.gif
Hurricane
Well-known member
[ QUOTE ]
Double the rate of inflation, though it's been the same sort of increase for many years.
[/ QUOTE ]
Wooo - hold on.
I'm not defending MDL etc but dont believe the inflation figures you hear from the government. REAL inflation is MUCH greater than the government state. If this government doesnt like something they simply change the rules - and in the case of inflation, they simply dont count anything that makes the figures look bad.
IMO real inflation is running at around 7 or 8 percent - bad news if you are a pensioner relying on investments etc.
So MDL's 4.9% doesnt seem that bad - actually - IMO
Double the rate of inflation, though it's been the same sort of increase for many years.
[/ QUOTE ]
Wooo - hold on.
I'm not defending MDL etc but dont believe the inflation figures you hear from the government. REAL inflation is MUCH greater than the government state. If this government doesnt like something they simply change the rules - and in the case of inflation, they simply dont count anything that makes the figures look bad.
IMO real inflation is running at around 7 or 8 percent - bad news if you are a pensioner relying on investments etc.
So MDL's 4.9% doesnt seem that bad - actually - IMO
Andrew_Fanner
New member
Re: Only 2% increase for me!
[ QUOTE ]
[ QUOTE ]
At Rochester Cruising Club.
So now my fully serviced floating pontoon berth for a 46' Princess has risen to £985 for next year. /forums/images/graemlins/smile.gif
[/ QUOTE ]
Do you have a "welcome to moor alongside" sticker in the window? If so, fenders out, Im on my way.
/forums/images/graemlins/laugh.gif
[/ QUOTE ]
They are very welcoming and were tolerant towards my startlingly inept efforts to get alongside last August. Tenner a night for visitors and ther's a great Thai in town, and a very traditional sweetshop
[ QUOTE ]
[ QUOTE ]
At Rochester Cruising Club.
So now my fully serviced floating pontoon berth for a 46' Princess has risen to £985 for next year. /forums/images/graemlins/smile.gif
[/ QUOTE ]
Do you have a "welcome to moor alongside" sticker in the window? If so, fenders out, Im on my way.
/forums/images/graemlins/laugh.gif
[/ QUOTE ]
They are very welcoming and were tolerant towards my startlingly inept efforts to get alongside last August. Tenner a night for visitors and ther's a great Thai in town, and a very traditional sweetshop
Moody
New member
Yes but surely in this context they are saying that to maintain the same profit their cost base will increase by 4.9% next year.
Will they give their staff a 4.9% increase (I don't think so).
Will they give all their suppliers a 4.9% increase (I don't think so).
It says to me that demand for South Coast berths is outstripping supply and therefore they can apply more or less what they want.
I am in the process of negotiating next years rates with some of my customers, and if I even suggested 4.9% I would be shown the door.
Neil
Will they give their staff a 4.9% increase (I don't think so).
Will they give all their suppliers a 4.9% increase (I don't think so).
It says to me that demand for South Coast berths is outstripping supply and therefore they can apply more or less what they want.
I am in the process of negotiating next years rates with some of my customers, and if I even suggested 4.9% I would be shown the door.
Neil
Robih
Well-known member
Generally a well run freehold marina will produce about a 40% trading profit to turnover ratio. The capital costs are high consequently you can expect high levels of debt as part of the business funding. This will result in fairly significant financing costs.
In overall asset yield terms the marina business has in recent years produced composite returns in line with the IPD Commercial property composite yield index.
The big advantage that marinas have is that the supply ~ demand imbalance remains very significant so owners can continue to push tariffs up to maintain yields. This is not the case in the general commercial property market - high rents leads to empty space. Until demand softens we will continue to see prices pushed ahead of inflation. The only significant factor which may soften demand for berths is red diesel abolition. We shall see.
rob
In overall asset yield terms the marina business has in recent years produced composite returns in line with the IPD Commercial property composite yield index.
The big advantage that marinas have is that the supply ~ demand imbalance remains very significant so owners can continue to push tariffs up to maintain yields. This is not the case in the general commercial property market - high rents leads to empty space. Until demand softens we will continue to see prices pushed ahead of inflation. The only significant factor which may soften demand for berths is red diesel abolition. We shall see.
rob