tico
Well-Known Member
Signs at the factory now taken down!
Hopefully this will be an eye opener to the remaining british boat builders who might see that building ever bigger and more expensive boats just doesnt fit with todays financial markets.
Do not agree, if anything it just reinforce's their decision to move upmarket, not enough profit in small boats. I doubt Sealine made much profit on your S23 it was just a loss leader to get people hooked and move up to bigger boats, unfortunately I suspect too many switched to Fairline, Princess when they could afford a bigger boat.
If that were the case then there wouldnt have been a lot of point in making the S28, S29, F33, F34, S34, SC35 etc. Sealine did and still do have a loyal following. But not everybody can afford for their first boat to be a 35fter. Sealine shelved plans to build a new 30ft model which IMO was a mistake.
In 2003 (new prices)
S25 was £47k
S28 was £99k
S34 was £130k
S37 was £160k
There was an upgrade path...
I've just heard that the last investors sold the site to morrisons to make way for supermarket and retail park, if its true then looks like it was purely bought to asset strip it for the site and dump the rest if it didn't make enough from there investment.
Anyone else locally the wiser? Might be worth a look at kidderminsters planning applications.
Very sad.
Could you afford an 30footer at £150K+ new? If you can then you could probably stretch another 100K for a 35footer, hence thats where Sealine did the most buisness.
As a creditor, I was told five interested parties in the final frame to buy, three would move abroad, the intentions of the other two are unclear.
The deadline for completion of a deal, the best for the owners, not creditors that is, will be by the end of the month with legals exchanged & finances deposited so the bids are in, watch this space after Friday.
I got the info from "the inside" when there last week but based on communications since Oxford took over I wouldn't trust a single word of it!!
Is there no one prepared to back British manufacture around now ?
In fact, its probably what Sealine would have done anyway in time, given that they were competing more at the value end of the market
Agreed that Sterling is junk at the moment but thats probably temporary in the longer term, particularly if the UK economy begins to take off and the Eurozone is still stuck in the mire but actually I was thinking more of countries like Poland, China and yes, Turkey, which all have proven boatbuilding skills, rather than a Eurozone countryIn reality, there really aren't many lower cost manufacturing locations than the UK. It is how you organise the manufacturing processes that is important. Exchange rates can outweigh labour cost differences, and the £ is junk at the moment. If Sealine could relocate near to the sea, with a reasonable grant to facilitate the set up costs, then they could make a go of it. UK costs are better than most Eu countries. There are savings to be made in free trade zones like in Turkey, but I would still favour the UK.
Mike, I'm not sure that Poland is hugely cheaper than the UK these days. Coastal China is also very expensive. Western China is cheap, but would you build large boats so far inland?Agreed that Sterling is junk at the moment but thats probably temporary in the longer term, particularly if the UK economy begins to take off and the Eurozone is still stuck in the mire but actually I was thinking more of countries like Poland, China and yes, Turkey, which all have proven boatbuilding skills, rather than a Eurozone country
Fair enough, rafiki, I hope I'm wrong but I can't really see any other scenario. It doesn't look as if anybody is interested in buying and refinancing the existing factory and can you really see investors sinking millions in the present economic climate into a new seaside factory for Sealine, a brand, with all due respect, which doesn't have the same reach as some others?Mike, I'm not sure that Poland is hugely cheaper than the UK these days. Coastal China is also very expensive. Western China is cheap, but would you build large boats so far inland?
Mike, I'm not sure that Poland is hugely cheaper than the UK these days. Coastal China is also very expensive. Western China is cheap, but would you build large boats so far inland?