KevB
Active member
I have heard the administrators are making their way to Spain as I type and it's not to congratulate Brian on his recent marriage.....
Peters Opal....
- Thread starter KevB
- Start date
angelawild1
New member
I do hope that your information source is reliable - it's about time we heard from Mr Paters.
KevB
Active member
"reliable"
Not heard his name and that word in the same sentance before? But I do understand the information was passed from a reliable source.
Not heard his name and that word in the same sentance before? But I do understand the information was passed from a reliable source.
volvopaul
Well-known member
Typical hes been single all these years, with lady friends no doubt, now hes gone bust hes got hitched, good move incase she buggers off, that way she wont get nearly half of what he had 5 years ago.
D
Deleted User YDKXO
Guest
There was a press release which indicated that Peters Spain (presumably Cala d'Or and Denia) was not part of the administration. Purely hypothetical and highly contentious of course but if I was the suspicious type I might be wondering if assets had been transferred from the UK co's to the Spanish co's in the last few weeks and I might also be wondering why Mr Peters has decamped to Spain and for how long instead of remaining in the UK to face the music. All in IMHO etc etc
Steve Clayton
New member
Peters Denia staff are expecting their wages next Tuesday - if not, well......... (there are a couple of nice Island Packets here.)
www.seraph-sailing.com
www.seraph-sailing.com
Steve Clayton
New member
[ QUOTE ]
There was a press release which indicated that Peters Spain (presumably Cala d'Or and Denia) was not part of the administration. Purely hypothetical and highly contentious of course.......
[/ QUOTE ]
Mike,
as of 7:00am this morning:
in Peters Denia office, there is no visible public notice of "company failure" or administration processes taking place so from the outside it looks like business as usual. (Doesn't mean that there isn't some kind of notice inside their premises - so at least Joe Public will enter).
The 2 Island Packets have visible notices saying that LOMBARD are now officially responsible for these boats and they should not be moved, have items removed, etc; also gives a contact person and phone number.
Steve
www.seraph-sailing.com
There was a press release which indicated that Peters Spain (presumably Cala d'Or and Denia) was not part of the administration. Purely hypothetical and highly contentious of course.......
[/ QUOTE ]
Mike,
as of 7:00am this morning:
in Peters Denia office, there is no visible public notice of "company failure" or administration processes taking place so from the outside it looks like business as usual. (Doesn't mean that there isn't some kind of notice inside their premises - so at least Joe Public will enter).
The 2 Island Packets have visible notices saying that LOMBARD are now officially responsible for these boats and they should not be moved, have items removed, etc; also gives a contact person and phone number.
Steve
www.seraph-sailing.com
KevB
Active member
[ QUOTE ]
the suspicious type I might be wondering if assets had been transferred from the UK
[/ QUOTE ]
This is the reason the administrators are on their way to Spain. Allegedly...
the suspicious type I might be wondering if assets had been transferred from the UK
[/ QUOTE ]
This is the reason the administrators are on their way to Spain. Allegedly...
Questor
Active member
A little birdie told me a while ago, that stock was being trucked out to Spain, "to see if it would sell better in the med"
Steve Clayton
New member
There's a new 50' Oyster in Alicante - Peters Opal were test sailing her only last week.
Not saying that something is amiss but saw someone on the IP 485 in Denia this afternoon - all the backgear is no longer there.
Not saying that something is amiss but saw someone on the IP 485 in Denia this afternoon - all the backgear is no longer there.
majorcansea
New member
Peters Spain is up for sale... does someone likes to buy it?
- direct information form the staff in Spain, they are told to search for a new job-
- direct information form the staff in Spain, they are told to search for a new job-
D
Deleted User YDKXO
Guest
I was in Cala d'Or this afternoon and the Peters business there still seems to be operating although all of the boats in the marina with Peters For Sale signs on them also had Lombard notices stuck on them advising that the boats were owned by them as mortgagors. So it's difficult to see how Peters Spain could continue to operate without any stock to sell
Lombard are going to unload an awful lot of boats on the market soon
Lombard are going to unload an awful lot of boats on the market soon
Whitelighter
Active member
It is in Lombards interest to keep Peters trading and allow them to sell the stock. That is the best way for them to recover 100% of their risk. The notices may be to warn potntial customers to check the finance has been cleared before taking ownership.
Steve Clayton
New member
[ QUOTE ]
It is in Lombards interest to keep Peters trading and allow them to sell the stock. ....The notices may be to warn potntial customers to check the finance has been cleared before taking ownership.
[/ QUOTE ]
RE my post above: the LOMBARD notices on the two Island Packets in Marina de Denia are now removed
It is in Lombards interest to keep Peters trading and allow them to sell the stock. ....The notices may be to warn potntial customers to check the finance has been cleared before taking ownership.
[/ QUOTE ]
RE my post above: the LOMBARD notices on the two Island Packets in Marina de Denia are now removed
D
Deleted User YDKXO
Guest
Thats not the way finance companies usually operate and, in any case, it is the Administrator and the major unsecured creditors (normally IR and C & E) who decide whether and for how long a company operates in administration
It is unlikely that Lombard will have financed 100% of the value of each stock boat so their only concern will be to sell the boats as quickly as possible and get back near or all of what each boat owes them. They will be aware that dumping a load of boats on the market might affect market values but they will be more concerned about closing out their exposure as quickly as possible rather than maximising the sale value of the boats. They will either market these boats through other brokers or hope that somebody comes along and makes them an acceptable offer for the lot but either way, some cheap boats are coming on to the market. But I can't see that this will have a major effect on the market anyway. How many stock boats would Peters have had? 30, 40, 50? I dunno but not enough to damage the market long term
It is unlikely that Lombard will have financed 100% of the value of each stock boat so their only concern will be to sell the boats as quickly as possible and get back near or all of what each boat owes them. They will be aware that dumping a load of boats on the market might affect market values but they will be more concerned about closing out their exposure as quickly as possible rather than maximising the sale value of the boats. They will either market these boats through other brokers or hope that somebody comes along and makes them an acceptable offer for the lot but either way, some cheap boats are coming on to the market. But I can't see that this will have a major effect on the market anyway. How many stock boats would Peters have had? 30, 40, 50? I dunno but not enough to damage the market long term
majorcansea
New member
I have been chatting with the peters people and the manager told me that peters homefinder has bought with the money from England 2 apartments last year. Now I know why England can´t operate anymore when they send 600.000,- € to Spain. Hope that is not the usal way of doing business.
bentrolls
New member
Has anyone any idea if a buyer was found by last Friday, and has Birdham Pool been sold already.
hshaky
New member
On the South West coast office there is list of Boats virtually asking for offers ie 100k off 380k boat, 80k off 300k boat etc.
Not good grounding for new Ancasta set up as it will kill the Sealine Market for next 6 months.
Bet you at the show you can still/now get very good discount from anything.
Almost worth going for the fun and to have Salesmen actually taking an interest in us and the job for a welcome change.
Not good grounding for new Ancasta set up as it will kill the Sealine Market for next 6 months.
Bet you at the show you can still/now get very good discount from anything.
Almost worth going for the fun and to have Salesmen actually taking an interest in us and the job for a welcome change.
Magnum
RIP
Where is that office in the South West?
S
Skyva_2
Guest
There is an office in Brixham.