Oyster Yachts gone into administration

tudorsailor said:
One of their examples of explorer type people is Steve Irwin. Didn't he die after being stung by a stingray?!

Hmmm

I think I will stick to LHF

TudorSailor
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Acronyms. Just as bad as marketing-corporate-speak gobbledygook

I looked it up. LHF = London Housing Foundation – Helping to End Homelessness

This is not low cost housing is it?
 
The new owner of Oyster-Yachts, Mr.R. Hadida, should soon install a new virtual reality variante of
Oyster according to the motto " reduces the risk of real sinking.........."
 
davidej said:
Forumites do love keeping on about this particular aberration.

I think we should have GT35 law instead of Godwin's for this particular forum
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Bit tricky, as it's in the berth next to my boat at the mo! So I can't really avoid it. If I had the money, I would have put an offer in.
 
Daydream believer said:
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I certainly don't know anywhere near enough about the previous management to comment on their abilities, but I think you'll find that virtually every serious boat manufacturer has either gone bankrupt or come close to it over the last ten years or so. It is a difficult business model to consistently get right.
 
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maby said:
I certainly don't know anywhere near enough about the previous management to comment on their abilities, but I think you'll find that virtually every serious boat manufacturer has either gone bankrupt or come close to it over the last ten years or so. It is a difficult business model to consistently get right.
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I'm sure no one goes out of their way to hurt their business and probably the management were doing the best with what they knew and resources made available which probably will never be known. The boats were still selling so they must have been doing something right.

Everybody and everything seems to be a target for criticism these days and I wish the new owners and staff , and former management the best of luck . They will certainly need it.
 
LONG_KEELER said:
I'm sure no one goes out of their way to hurt their business and probably the management were doing the best with what they knew and resources made available which probably will never be known. The boats were still selling so they must have been doing something right.

Everybody and everything seems to be a target for criticism these days and I wish the new owners and staff , and former management the best of luck . They will certainly need it.
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What a nice, generous comment.
 
LONG_KEELER said:
I'm sure no one goes out of their way to hurt their business and probably the management were doing the best with what they knew and resources made available which probably will never be known. The boats were still selling so they must have been doing something right.

Everybody and everything seems to be a target for criticism these days and I wish the new owners and staff , and former management the best of luck . They will certainly need it.
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+1
 
LONG_KEELER said:
I'm sure no one goes out of their way to hurt their business and probably the management were doing the best with what they knew and resources made available which probably will never be known. The boats were still selling so they must have been doing something right.

Everybody and everything seems to be a target for criticism these days and I wish the new owners and staff , and former management the best of luck . They will certainly need it.
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I suspect that they were just running on margins that were too low and the failure of one of their boats in such public circumstances tipped them over. If that keel had not fallen off, they would probably still be running.
 
LONG_KEELER said:
I'm sure no one goes out of their way to hurt their business and probably the management were doing the best with what they knew and resources made available which probably will never be known. The boats were still selling so they must have been doing something right.

Everybody and everything seems to be a target for criticism these days and I wish the new owners and staff , and former management the best of luck . They will certainly need it.
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+1 - whatever criticisms people make about Tydeman's running of Oyster(and there also seems to be a lot of non-specific stuff on personal level '...the stories I could tell you, etc') the owners, HTP, were turnaround specialists and (as evidenced by some of the stuff on the Polina Star website) were clearly pretty closely involved with the running of the company, and so must have signed off on the business plan.

Maybe, just maybe, successful boat builders require something more than commercial acumen and common sense to keep them going.
 
maby said:
I suspect that they were just running on margins that were too low and the failure of one of their boats in such public circumstances tipped them over. If that keel had not fallen off, they would probably still be running.
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A study of their Companies House accounts left me with that impression. Inadequate margin is the usual reason for going bust. You could say it is the definition of going bust really.

Building boats is tough. How to make a small fortune at making boats? - Start with a large one. Ok, that applies to lots of things, but definitely to boat building. Every boat builder goes bust sooner or later and then will do so often again and again.

Good luck to the new owner. He needs all the luck he can muster.
 
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