CCJ
Well-Known Member
got 300 mls on the clock at a guess, Pompey n back
Oyster Yachts gone into administration
- Thread starter Happyboating
- Start date
got 300 mls on the clock at a guess, Pompey n back
JumbleDuck
Well-Known Member
The whole point about Oyster is that the price isn't competitive. It's a classic Veblen Good, which becomes more desirable as the price goes up. Buying a cheap Oyster would, like buying a cheap Rolex (Oyster Perpetual!) completely miss the point.
SO40
Active Member
Because Oyster include your 1st year warranty in their price. That´s why.
lpdsn
Well-Known Member
And a spare keel?
jordanbasset
Well-Known Member
and a tube of superglue?
Daydream believer
Well-Known Member
I would like to hear when the newly formed company actually start selling new ( not finish part started) yachts
That would be an important hurdle to jump
That would be an important hurdle to jump
AndrewfromFal
Well-Known Member
I suspect that will be some months away; for all the talk of getting people back to work immediately etc, it will take some time for production to gear back up and complete the boats currently in build. It would appear they want to streamline the product line (Hadida said there was too much crossover between some models), so I guess they need to work out what they're going to sell before they start selling it.
There's also the small matter of the ex-employees who were snapped up by other firms and how they will be replaced (assuming they don't head back to Oyster).
Daydream believer
Well-Known Member
Would you want to go back having been shoddily treated?
JumbleDuck
Well-Known Member
Will the moulding firm they are suing for £7m still make hulls for them?
Zing
Well-Known Member
'They' are sure not to exist in a form capable of litigation. Oyster NewCo has no damages to claim for.
Daydream believer
Well-Known Member
There would not be a claim against the moulder as all claims etc would have been written out in the purchase clauses. However, If i the owner of the new company i might be wary of having the old moulders continue.
It may be that the old moulders still have Oyster's moulds on their premises so they could be awkward & hold on to them on the grounds that some debts outstanding for part moulded yachts are still in outstanding. It could be cheaper for the new company to negotiate a small release fee rather than engage in legal action to get the moulds back.
Possession is 9 points of the law & if I was owed money I might tell them to go away or pay some money to get their moulds back. If only for storage rental after the liquidation etc.
Tranona
Well-Known Member
Huge assumptions and misconceptions here. The administrators will likely be pursuing the claim if they think they have a chance of success. The moulds, based on previous statements are owned by the holding company which did not go into administration and no doubt the new owners have come to an arrangement to get access to them either by purchase or renting them.
So don't think your barrow boy type approach will be needed. Pretty sure the new owners will have sorted out how they are going to get hulls moulded before committing to buy.
lw395
Well-Known Member
Tranona
Well-Known Member
OK so the administrator will have (or had) ownership of the moulds so the same principle applies. Sub contractors would not have any rights to them even if on their premises.
lw395
Well-Known Member
Probably not, but it's a bit of an assumption. Some of the mould tools may belong to the subcontractor. But the subcontractor probably could not use them for anything while somebody else owned the design.
Hopefully an agreement has been reached with the subcontractors.
pvb
Well-Known Member
As I recall, Oyster bought the moulds from a company in Colchester, and the moulds were then taken by road to the moulders in darkest Norfolk. Bearing in mind the old Oyster company blamed the moulders for the Polina Star fiasco, it might be that the new owners of Oyster decide to shop elsewhere.
westhinder
Well-Known Member
Do they have a real choice? How many moulders are there that can take on that kind of work: large moulds, low numbers and make it work financially?
Tranona
Well-Known Member
Suspect that is the reason why Oyster has developed a moulding facility in Southampton (supposedly a major cause of the cash shortage). Green Marine in Hythe which was one of the other yards capable of moulding large hulls also went out of business tail end of last year.
AndrewfromFal
Well-Known Member
I think the original article on YBW.com announcing the sale was quite clear on the actual situation with regards to the moulds:
Paul Adamson said they would be happy to work alongside anyone interested in collaborating, but stressed that Hadida owned the brand and the intellectual property of the technical drawings and moulds across the Oyster range.
Read more at http://www.yachtingmonthly.com/news/oyster-yachts-gone-liquidation-2-64825#2WPuepPI21QMXax9.99
I believe there was another company being used for moulding work in addition to Bridglands. IIRC the guy who was on here (lozzer?) and was involved in the build of a 745(?) said theirs was moulded by a company in Poole.
UPDATE: Norco in Poole did the 745 and can mould hulls up to this size.
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SO40
Active Member
Please tell me, but without your nose growing, the Bavaria 37 is a similar boat to the HR37?? I worked on a whole range of boat, also Bavaria´s and HR´s and it is not difficult AT ALL to justify the extra cost. Just look at the construction, quality of products, craftmanship, design, etc. You can´t afford one, that is the issue. And that is OK, but don´t make out that Bavarias are as good as Hallbergs. It´s like saying the moon is made of cheese and the pope is jewish: nonsense!!