Sealine for sale again

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Report in today's Sunday Times http://www.thesundaytimes.co.uk/sto/business/Retail_and_leisure/article1241946.ece
It's less than 2yrs since Oxford Investment Group bought the company from Brunswick. It always seemed a bit of an odd fit to me and despite Oxford saying they were in it for the long term, it hasn't taken them long to appreciate what a tough market Sealine are operating in and perhaps they are better off bailing out sooner rather than later. I feel sorry for Sealine because they were just beginning to up their game with new and improved models and this further uncertainty won't do them any good. Here's hoping they find a buyer who can give them a long term stable base from which they can build the brand and the company
 
Deleted User said:
Report in today's Sunday Times http://www.thesundaytimes.co.uk/sto/business/Retail_and_leisure/article1241946.ece
It's less than 2yrs since Oxford Investment Group bought the company from Brunswick. It always seemed a bit of an odd fit to me and despite Oxford saying they were in it for the long term, it hasn't taken them long to appreciate what a tough market Sealine are operating in and perhaps they are better off bailing out sooner rather than later. I feel sorry for Sealine because they were just beginning to up their game with new and improved models and this further uncertainty won't do them any good. Here's hoping they find a buyer who can give them a long term stable base from which they can build the brand and the company
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I wonder what there accounts like like ? I'd say not that good .
 
Talking to a friend at the weekend he said that Sealine own workers weren't paid last week. At the time i didn't question it too much as i thought he must have been mistaken, but from reading these posts he may have been correct.
 
I hope I'm right but I find it difficult to believe that Oxford would allow Sealine to go bust because then the value of the company and hence the value of their investment would be lost. I suspect Oxford will be drip feeding cash into the company to keep it solvent until a buyer is found. As ever he who shouts loudest gets paid quickest
 
Deleted User said:
I hope I'm right but I find it difficult to believe that Oxford would allow Sealine to go bust because then the value of the company and hence the value of their investment would be lost. I suspect Oxford will be drip feeding cash into the company to keep it solvent until a buyer is found. As ever he who shouts loudest gets paid quickest
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Or he who has what they need.

Brian
 
halcyon said:
Or he who has what they need.

Brian
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Yes thats true. I run my own business and I know how difficult it is to get payments out of some customers. It's a fact of business life in the current economic climate
 
sharpness said:
Talking to a friend at the weekend he said that Sealine own workers weren't paid last week. At the time i didn't question it too much as i thought he must have been mistaken, but from reading these posts he may have been correct.
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Oh dear that's not good, I did hear over two weeks ago that a certain uk builder hadn't paid any of there suppliers for 6 months, but didn't think it would be sealine, my wife confirmed they where on stop at her company about a month ago.
 
I don't know if anyone agees with me but I think they have lost their way with their slab sided hulls and dark wood squared interiors.They remind me of a battleship.I dare say they have their fans and I know things are tough but I wonder could this be a contributary factor of their problems?
 
I totally disagree - the boats now are the best they have produced in years - the joinery and quality interior fit out is on bar with other prestige builders and the designs will be copied as they are breaking the mould.

Perhaps the issue is the cost of retooling and moving upmarket is expensive and the sale prices aren't moving up as quickly. The problem is lots of people like the sealine, but if you have to pay as much for one as a Fairline of princess you might opt for the historically more prestige brand
 
mad_boater said:
I don't know if anyone agees with me but I think they have lost their way with their slab sided hulls and dark wood squared interiors.They remind me of a battleship.I dare say they have their fans and I know things are tough but I wonder could this be a contributary factor of their problems?
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Yes I agree about the ugliness of the hull. But they obviously appeal to quite a few people, but seemingly not enough for most to buy one. The competition is huge and as in all competitions there are winners and losers. But I do hope they pull through, would be a shame to see another British manufacturer go to the wall.
 
mad_boater said:
I don't know if anyone agees with me but I think they have lost their way with their slab sided hulls and dark wood squared interiors.They remind me of a battleship.I dare say they have their fans and I know things are tough but I wonder could this be a contributary factor of their problems?
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I absolutely 100% agree, they look far too modernist to appeal to a wide market, in order to sell enough volume to keep the company afloat (yay!) they need to make a more universally liked range.
 
volvopaul said:
Oh dear that's not good, I did hear over two weeks ago that a certain uk builder hadn't paid any of there suppliers for 6 months, but didn't think it would be sealine, my wife confirmed they where on stop at her company about a month ago.
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Not getting to involved, but some have been payed.

Brian
 
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