Barbican
Well-Known Member
Well put +1
Oyster Yachts gone into administration
- Thread starter Happyboating
- Start date
Well put +1
Angele
Well-Known Member
From the Telegraph article:
Thriving!! Really??
Thriving!! Really??
Daydream believer
Well-Known Member
anonymous ????????????
SO40
Active Member
I am very happy for the Oyster staff and Oyster owners. Great news. I do wonder what happens to the top management though. I would kick them out immediately.
AndrewfromFal
Well-Known Member
Yes, that seemed a bit odd to me. I wondered if it was a resurrection of an idea they floated a few years back about building a day sailor for Oyster owners who'd hung up their bluewater boots...so something along the lines of the Brenta day sailors / Tofinou 12 etc.
Overall it looks like great news for owners, and their workers too.
Daydream believer
Well-Known Member
Is betting allowed on the forum??
1 year
2 years
3 years
Success ??
One hopes that it is the latter but when one reads "a heart thing," one does tend to worry. These things need to be "Financial" to succeed ,because profit over the long term is what makes a company survive.
1 year
2 years
3 years
Success ??
One hopes that it is the latter but when one reads "a heart thing," one does tend to worry. These things need to be "Financial" to succeed ,because profit over the long term is what makes a company survive.
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AndrewfromFal
Well-Known Member
The Telegraph article says Richard Hadida will take on the role of Interim Chief Executive until a permanent replacement is found...which would suggest Tydeman will not be part of the revived company.
SO40
Active Member
Yes, I pinned my hopes on that too AndrewfromFal.
maby
Well-Known Member
I guess all things are relative - BenJenBav will have sold many tens, if not hundreds, of boats at each of the major boat shows this year to Oyster's single figure sales. It is certainly true that each Oyster costs ten times the price of each BenJenBav, but being totally dependent on the sales of a small number of multi-million pound boats each year does make a company like Oyster more vulnerable to the swings in the marketplace. Their quantum of lost revenue cannot be less than a few million quid - BenJenBav's revenues drop in multiples of a couple of hundred grand.
pvb
Well-Known Member
I can't see that there's a market for, say, a 37ft Oyster. The cost would be eye-wateringly high.
CCJ
Well-Known Member
That is a good move
CCJ
Well-Known Member
Who was it who built a 35footer in East Anglia that only made & sold the one
Tranona
Well-Known Member
Exactly. That is where they started and gradually moved up the size range as the market moved. There may be a market for a smaller day sailer/weekender as some other up market brands have tried, but they are really discretionary toys so probably a very fickle market.
JumbleDuck
Well-Known Member
I think GT Yachts proved both of those points pretty conclusively.
SO40
Active Member
Saying that.....Hallberg Rassy's biggest market ia the smaller models. And they do well. But don't have the pretence and arrogance of how Oyster turned out since RM stepped out. They just build sensible, good sailing yachts. All this focussing on superyachts at Oyster is in my view asking for trouble. And they actually only built 4 what can de considered superyachts (100+ ft). So they r peanuts in that market.
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pvb
Well-Known Member
It was GT Yachts, who built the GT35 in 2014. They only built one, and I think it may be inaccurate to say that they sold it. As I recall, the ownership was transferred to the boatbuilder and the boat is still for sale, 4 years later, at a fraction of the original asking price (£140K vs £320K).
pvb
Well-Known Member
lw395
Well-Known Member
I would not take the press releases too seriously at this point.
If Oyster do decide to pursue the smaller boat market, they will need a whole pile of investment in designs and moulds.
As they stand, they have designs, moulds and a market for bigger boats. Bigger as in 50ft plus. Rather than ever-larger megayots.
The article I read also mentioned updated methods and modular construction. Which sounds a bit like installing floor grid modules instead of laminating them in situ to me....
I suspect it would be difficult for an English yard to go head-to-head with any of the well established builders in the 30 to 40 ft market. They would be effectively starting from scratch. And if you don't believe you can do that kind of thing better than the existing operators, there is usually little point in trying to compete.
I'm very pleased that there is away forward for the unfinished boats and the workforce (even if that's the wider marine industry workforce rather than individuals who may not go back).
If Oyster do decide to pursue the smaller boat market, they will need a whole pile of investment in designs and moulds.
As they stand, they have designs, moulds and a market for bigger boats. Bigger as in 50ft plus. Rather than ever-larger megayots.
The article I read also mentioned updated methods and modular construction. Which sounds a bit like installing floor grid modules instead of laminating them in situ to me....
I suspect it would be difficult for an English yard to go head-to-head with any of the well established builders in the 30 to 40 ft market. They would be effectively starting from scratch. And if you don't believe you can do that kind of thing better than the existing operators, there is usually little point in trying to compete.
I'm very pleased that there is away forward for the unfinished boats and the workforce (even if that's the wider marine industry workforce rather than individuals who may not go back).
Zing
Well-Known Member
I stuttered at that too. Once money starts flowing down the hose pipes he will soon fall out of love and realism will take over. It can only happen that way.
I hope he maintain it as a high quality, high end British made brand and succeeds. There are only few customers worldwide at the high prices that are necessary to make it work. I think they will find them though if they maintain the high quality standards.
He mentioned using modern modular build construction methods. Fine, but it is hard to do that and not end up as an AWBs and he is unlikely to beat Bavaria and Jeanneau at that game.
CCJ
Well-Known Member
Sounds like Mr Tydeman has upset a few people!
@ least 400 for starters :encouragement: