Oyster Yachts gone into administration

Yes Scolly, they are building what was sold and in build. New boats cannot be built yet, as there are no moulds. But that will change per October, as they will start producing their own moulds.
To Dom and others: a lot of info has come to light afterwards. Also, I have recently experienced the reaction of Oyster staff to the news their former CEO now is CEO at Fairline...... They weren't happy reactions,to keep it polite.
 
SO40 said:
Yes Scolly, they are building what was sold and in build.
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There was an interview with Richard Hadida in the Sunday Times (?) recently, in which he said that he had to renegotiate the contracts on the boats in build, as there was no way he could meet the contract prices. Apparently all but one buyer agreed to pay more; the one who didn't walked away and that boat may become Hadida's own, according to the article.
 
JumbleDuck said:
I think they were at the Boat Show, because on the Thursday morning a young man with an Oyster polo shirt pushed past all the people queueing to get off the 9.40 Hythe ferry. His attitude seemed to be well in keeping with traditional Oyster brand values.
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I think the Oyster brand values relate to the boats, not the perceived attitude of the staff. The yachts were, and Polar Star excepted, still are fine well built boats. Whenever staff work for “glamorous” product producers there is always a danger that they “act up?” to the superior status symbol their product represents and is marketed as such. Most reasonable balanced yachtsmen/women recognise what good boats they are and just ignore the hype around them.
You get the same attitude at Rover/ Mercedes dealers on occasion.
 
SO40 said:
Yes Scolly, they are building what was sold and in build. New boats cannot be built yet, as there are no moulds. But that will change per October, as they will start producing their own moulds.
To Dom and others: a lot of info has come to light afterwards. Also, I have recently experienced the reaction of Oyster staff to the news their former CEO now is CEO at Fairline...... They weren't happy reactions,to keep it polite.
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So what happened to the existing moulds? - Also the Telegraph article suggested that the defunct Bridglands has been acquired. Also, if you're going to say things like 'a lot more info has come to light...' , you could at least provide some details, otherwise it looks like unsubstantiated rumour.

- Presumably anyone hired by Fairline from Oyster when it went into administration has a bit of sinking feeling now?
 
AndrewfromFal, maybe I should call you Don'tknowfromFal. Read the article from Mr. Hadida and read between the lines and compare them to what I have posted and maybe you find there is a red line. Good luck.
 
Kurrawong_Kid said:
I think the Oyster brand values relate to the boats, not the perceived attitude of the staff. The yachts were, and Polar Star excepted, still are fine well built boats. Whenever staff work for “glamorous” product producers there is always a danger that they “act up��” to the superior status symbol their product represents and is marketed as such. Most reasonable balanced yachtsmen/women recognise what good boats they are and just ignore the hype around them.
You get the same attitude at Rover/ Mercedes dealers on occasion.
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Yes, that's more or less what I was thinking. Good(-ish) boats, but with a public image problem caused by their owners. Does the company still run exclusive regattas so that the owners don't discover how other makes of boat compare?
 
I can only partly agree here, in regards to the yachts themselves. Yes, they are very well and heavily built and also the attention to detail, cabling, marking, equipment etc are certainly either to a high standard, oversized rather than undersized and with a high level of craftmanship. But, once you start pulling away panels, floor boards and ceilings etc, it is not as wonderful as a lot of people think. Rather dissapointing at times in fact. Other boat builders use far more modern methods. I have worked with/on 35+ Oysters and I love these yachts, but there can be a lot improved in the build. No wonder they didn't make any money. But I suppose that would only be viable if you make higher numbers.
So less models, but well and efficiently built ones is the way forward I reckon.
 
Oh dear, more snippets Pretty sure that Oyster built more than 35+ boats. They didn't start losing money until the money grubbers got involved. With your obvious inside info perhaps you could get Richard's version of events, after he sold the company.
 
Scolly said:
Oh dear, more snippets Pretty sure that Oyster built more than 35+ boats. They didn't start losing money until the money grubbers got involved. With your obvious inside info perhaps you could get Richard's version of events, after he sold the company.
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I doubt it, - we'd just get more of the 'I've heard some things you wouldn't believe but I'm not going to share them with you' if previous form is anything to go by.
 
SO40 said:
AndrewfromFal, maybe I should call you Don'tknowfromFal. Read the article from Mr. Hadida and read between the lines and compare them to what I have posted and maybe you find there is a red line. Good luck.
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I can 'read between the lines' all I like, but that doesn't explain why you aren't prepared to be a bit more candid; given you keep hinting have the inside track on things, but back away from actually sharing anything specific.
 
Scolly said:
Oh dear, more snippets Pretty sure that Oyster built more than 35+ boats. They didn't start losing money until the money grubbers got involved. With your obvious inside info perhaps you could get Richard's version of events, after he sold the company.
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Scolly: where did I say Oyster built 35 boats?
 
SO40 said:
Scolly: where did I say Oyster built 35 boats?
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You didn't you stated you had worked/been involved with 35+ boats. All I said was Oyster built more than 35. For someone who pro ports to love the brand you have a strange way of showing it.
 
I am sure that there is much truth in what SO40 says. I don't think it is fair to ask him to explain himself, I think that you should take him at his word. I have spoken to some people at Oyster and they are pleased with the change, a lot happened before the company went bust and they were not happy with the management style, but I am not going to say who or in what circumstances I have had those conversations.

Owning Oyster might be akin to owning Aston Martin i.e you don't do it to make money, but it has been profitable in the past. If you look at this industry I suspect that more than half boat builders have been bust at some point ignoring those that have disappeared.
 
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Mr Hadida has send away the two 118“ Oyster, now designate as 1225“ to Pendennis shipyard for completion. This is for
the owners of this two Oysters the deal of the year! To order an Oyster and to get a Pendennis finally. The waitingtime
was a very good investment.
 
Okeanos said:
Mr Hadida has send away the two 118“ Oyster, now designate as 1225“ to Pendennis shipyard for completion. This is for
the owners of this two Oysters the deal of the year! To order an Oyster and to get a Pendennis finally. The waitingtime
was a very good investment.
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Well the prices to complete the yachts were substantially upped over the original contracts, so the fact they’re getting a Pendennis finished might be a bonus, but they’re not getting the boats cheap. The other rumour was that one of the owners had decided not to continue and so Richard Hadida will end up with the 1225 that was ‘orphaned’.
 
Mr. Hadida has a reason why he does not make the completion of these two yachts in his own yard , but hands over to Pendennis. Whether it is the missing possibilities of Oyster I can‘t judge. But the question arises why that earlier
management the development of yacht 118‘ decided and implemented.There was not even the appopriate hall/
hangar to ensure the construction of this yacht.4 weeks before the collapse I saw at Southampton that these two
yachts were built in a huge tent,!
Bavaria Yachts finally succumbed because they developed boats that they couldn‘t build at the end, like the 65‘ SY.
 
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