savageseadog
Well-known member
Time to get a cheap boat.
So Peters Opal has gone pop
- Thread starter Twister_Ken
- Start date
Dyak
New member
Premier were already due to take over the boat hoist and lay up on the north side at Chichester come September 07 and their prices are expected to be far less than Peters. Also I'm hoping lay up will be with mast up rather than Peter's antiquated rule of mast unstepped.
For all those Chichester berth holders it would be nice if Premier took over the whole site, boatyard and all and charged realistic prices for boatyard services. They do at Port Solent! From my experience with Peters on the boatyard side things could not have got any worse however on the brokerage side they were always very professional.
For all those Chichester berth holders it would be nice if Premier took over the whole site, boatyard and all and charged realistic prices for boatyard services. They do at Port Solent! From my experience with Peters on the boatyard side things could not have got any worse however on the brokerage side they were always very professional.
alec
New member
Anyone care to have a stab why things have gone wrong apart from losing Fairline ?
We know why boat manufacturers and mail order chandlers go bosh put Peters seemed to be doing ok and reasonably diversified with a decent man on the helm.
Speaking to the Ipswich operation a few months back they were commissioning a healthy number of boats following LIBS.
We know why boat manufacturers and mail order chandlers go bosh put Peters seemed to be doing ok and reasonably diversified with a decent man on the helm.
Speaking to the Ipswich operation a few months back they were commissioning a healthy number of boats following LIBS.
Malcb
Active member
[ QUOTE ]
Premier were already due to take over the boat hoist and lay up on the north side at Chichester come September 07 and their prices are expected to be far less than Peters. Also I'm hoping lay up will be with mast up rather than Peter's antiquated rule of mast unstepped.
For all those Chichester berth holders it would be nice if Premier took over the whole site, boatyard and all and charged realistic prices for boatyard services. They do at Port Solent! From my experience with Peters on the boatyard side things could not have got any worse......
[/ QUOTE ]
Well that is one pojnt of view, but it certainlay hasn't been mine. I've always found Peters, on the boatyard side, to be extremely proffessional and helpful. As for taking masts down when layiing up ashore, I think you should check that at Port Solent, 2005/6 some boats were blown over, probably because they don't drop the masts on keeled boats.
My berth is right next to the Noth side lift and I have got to witness the professional way the guys from Peters go about lifting and relaunching boats.
Maybe just a different perspective /forums/images/graemlins/smile.gif
Premier were already due to take over the boat hoist and lay up on the north side at Chichester come September 07 and their prices are expected to be far less than Peters. Also I'm hoping lay up will be with mast up rather than Peter's antiquated rule of mast unstepped.
For all those Chichester berth holders it would be nice if Premier took over the whole site, boatyard and all and charged realistic prices for boatyard services. They do at Port Solent! From my experience with Peters on the boatyard side things could not have got any worse......
[/ QUOTE ]
Well that is one pojnt of view, but it certainlay hasn't been mine. I've always found Peters, on the boatyard side, to be extremely proffessional and helpful. As for taking masts down when layiing up ashore, I think you should check that at Port Solent, 2005/6 some boats were blown over, probably because they don't drop the masts on keeled boats.
My berth is right next to the Noth side lift and I have got to witness the professional way the guys from Peters go about lifting and relaunching boats.
Maybe just a different perspective /forums/images/graemlins/smile.gif
Twister_Ken
Well-known member
>Does this mean Jimi can refrain from his gagging order now? <
Nope. That was from (ryhmes with) Lancaster
Nope. That was from (ryhmes with) Lancaster
Twister_Ken
Well-known member
AdeOlly
Active member
The announcement was made about a month ago; the transfer to Ancasta is 1/9 or thereabouts.
Rob_Webb
Active member
Is this the same as Opal Marine (whom I used once about 5 yrs ago for a brokerage transaction and found pretty good)?
Shaneianrowe
New member
Portway ?
Sans Bateau
Well-known member
[ QUOTE ]
Remember, I think they will have to pay the 1K+ per day per person fees of the administrators before anyone else gets anything.
[/ QUOTE ]
So the administrators make a tidy sum, Peters 2007 Ltd rise like a phoenix but all the small companies around Chichester, Ipswich etc, the riggers, CJ marine who do the spray hoods etc all get stuffed!
The following is quoted from the YM article:
"Agencies dealing with them are being told they will not be paid for works carried out"
This sort of thing stinks. Work will have been commissioned by Peters, knowing there was no money to pay the suppliers. Brian Peters is unlikey to be able to be sympathetic to the people who have supported his empire all these years!
Remember, I think they will have to pay the 1K+ per day per person fees of the administrators before anyone else gets anything.
[/ QUOTE ]
So the administrators make a tidy sum, Peters 2007 Ltd rise like a phoenix but all the small companies around Chichester, Ipswich etc, the riggers, CJ marine who do the spray hoods etc all get stuffed!
The following is quoted from the YM article:
"Agencies dealing with them are being told they will not be paid for works carried out"
This sort of thing stinks. Work will have been commissioned by Peters, knowing there was no money to pay the suppliers. Brian Peters is unlikey to be able to be sympathetic to the people who have supported his empire all these years!
rwoofer
Active member
You should add customers to the list as well, those that have paid deposits, part payments etc.
I have been stung twice already. One time was for a bathroom company that went bust half way through an installation, resulting in us having to pay someone else to finish the job off. We had paid all the money apart from a small amount for extras we subsequently ordered after the main order. When the company rose like a pheonix again, they contacted us to say that we had not paid for all the extras - unbelievable.
The second time was a very substantial sum of money (enough to buy a good boat) of which I never saw a penny.
Personally I think the protection for customers is wholly inadequate!!
I have been stung twice already. One time was for a bathroom company that went bust half way through an installation, resulting in us having to pay someone else to finish the job off. We had paid all the money apart from a small amount for extras we subsequently ordered after the main order. When the company rose like a pheonix again, they contacted us to say that we had not paid for all the extras - unbelievable.
The second time was a very substantial sum of money (enough to buy a good boat) of which I never saw a penny.
Personally I think the protection for customers is wholly inadequate!!
rwoofer
Active member
Just read on the Motor Boat Forum that apparently the administrators are offering big discount on stock boats.
It would really be a sick situation if people who had paid money to Peters before this week lose their money, whereas people who buy this week from the administrators get a bargain!!
It would really be a sick situation if people who had paid money to Peters before this week lose their money, whereas people who buy this week from the administrators get a bargain!!
rubberduck
Well-known member
That, I am afraid is business. We extend a great deal of credit to all of our account customers and we have credit risk insurance in case something like this happens. If we had not had it in 2002 we would not be in business now. Royal Bank of Scotland didn't like it much though. /forums/images/graemlins/grin.gif
I do however believe that customers should be preferential creditors, coming before everyone including the administrators. /forums/images/graemlins/mad.gif
I do however believe that customers should be preferential creditors, coming before everyone including the administrators. /forums/images/graemlins/mad.gif
Barr Avel
Member
And then of course there is the fate of the 130 or so people who have made redundant, may no be able to keep up their mortgage payments, etc etc... It is without a doubt a very hard time for Brian Peters, but others will suffer much more than he will.
Marc.
Marc.
beancounter
New member
[ QUOTE ]
My sympathies are with anyone that has a deposit or stage payments with them.
[/ QUOTE ]
Sympathies also for the 130 peeps being sent down the road. I had a number of dealings with the guys at Ipswich and found them a helpful, friendly bunch.
I wonder what the root cause was - the "difficult market" comment seems a bit strange. The guys at Ipswich said they reckon normally to commission 1 boat per week - in May this year they did 7 in the month.
My sympathies are with anyone that has a deposit or stage payments with them.
[/ QUOTE ]
Sympathies also for the 130 peeps being sent down the road. I had a number of dealings with the guys at Ipswich and found them a helpful, friendly bunch.
I wonder what the root cause was - the "difficult market" comment seems a bit strange. The guys at Ipswich said they reckon normally to commission 1 boat per week - in May this year they did 7 in the month.
Sans Bateau
Well-known member
Yes I agree, customers who will lose deposits, redundant employees and suppliers who may be forced out of business themselves, the list goes on and on.
What fills me with anger is as has been suggested, boats going cheap whilst deposits are lost, a firm of accountants who will be earning huge fees and the future pheonix company.
But lets just be greatfull that this collapse didnt come after SIBS, how many deposits would have been lost then?
What fills me with anger is as has been suggested, boats going cheap whilst deposits are lost, a firm of accountants who will be earning huge fees and the future pheonix company.
But lets just be greatfull that this collapse didnt come after SIBS, how many deposits would have been lost then?
copterdoctor
New member
I wonder if the lady in their Chichester office who looked down her nose at me two weeks ago, would do the same this week.
Twister_Ken
Well-known member
>Remember, I think they will have to pay the 1K+ per day per person fees of the administrators before anyone else gets anything.<
And the rest! A business I knew was suffering, and decided to go for voluntary liquidation. There was quite a sum in assets (but not enough to cover all liabilities), however they were hopeful their creditors would get 60-70p in the £1. By the time the administrator was finished creditors got nothing, but the 1.5 man administrator team got everything they billed, at £3000 per day (about a 5 hour day, as well). Essentially they kept the winding-up going until they had exhausted the assets.
Complaints to the Institute of Chartered Accountants produced sympathy but rugger ball else. The insolvency practitioner is still in business, with knuckles unrapped.
And the rest! A business I knew was suffering, and decided to go for voluntary liquidation. There was quite a sum in assets (but not enough to cover all liabilities), however they were hopeful their creditors would get 60-70p in the £1. By the time the administrator was finished creditors got nothing, but the 1.5 man administrator team got everything they billed, at £3000 per day (about a 5 hour day, as well). Essentially they kept the winding-up going until they had exhausted the assets.
Complaints to the Institute of Chartered Accountants produced sympathy but rugger ball else. The insolvency practitioner is still in business, with knuckles unrapped.
Sailfree
Well-known member
Always pay deposits by credit card gives you 2 sources of redress.
I bought last boat this way and I am certain Seaventures thought I was skint maxing out a series of cards but not only more secure but I got 1% cash back as well.
Just done the same on a BMW motorcycle.
Likewise always buy furniture on credit cards or 0% HP we have had 2 companies supplying furniture go bust on us.
I bought last boat this way and I am certain Seaventures thought I was skint maxing out a series of cards but not only more secure but I got 1% cash back as well.
Just done the same on a BMW motorcycle.
Likewise always buy furniture on credit cards or 0% HP we have had 2 companies supplying furniture go bust on us.
nicho
Well-known member
[ QUOTE ]
I wonder if the lady in their Chichester office who looked down her nose at me two weeks ago, would do the same this week.
[/ QUOTE ]
That's been the problem - there has always IMHO been a certain arrogance there that has not endeared them to many. The yard lads and engineers are just a great bunch, but, with a few exceptions, the sales/admin staff have had a very offputting attitude to customers.
I wonder if the lady in their Chichester office who looked down her nose at me two weeks ago, would do the same this week.
[/ QUOTE ]
That's been the problem - there has always IMHO been a certain arrogance there that has not endeared them to many. The yard lads and engineers are just a great bunch, but, with a few exceptions, the sales/admin staff have had a very offputting attitude to customers.