What happens if a marina goes bust?

Status
Not open for further replies.
For the first time this year I paid by card - Boatfolk (prepay for discount scheme). With the merger and PE ownership, it just felt safer. Got a few loyalty points on my card as well...
 
People have suggested paying monthly solves the problem, but the annual contracts payable monthly I've seen commit you to paying for the whole of the year, even if you e.g. remove your boat part way through. In the event that the marina company folded during they year, wouldn't the Administrator be trying to get the rest of the payments off you?

If you didn't have an annual contract payable monthly you'd be on much higher monthly visitor rates, presumably.
 
Yes but if you keep paying you only pay for staying month by month, I’d tell the Administrator “I’m not paying for the year unless you give me written assurance that this will guarantee I can stay under the new owners and if they don’t honour it then you (the administrators) will refund my money. They can’t guarantee that so I doubt they would pursue it.

It’s like if you owed the company money, they would ask for it, but not take you to court over it
 
longjohnsilver said:
Just as an aside it seems they’re having a purge on live aboards. Not sure why. I bumped into 2 today, both have been told their contracts will not be renewed next year.
Click to expand...
Maybe the marina does not have planning permission for full time liveaboards?
 
LittleSister said:
People have suggested paying monthly solves the problem, but the annual contracts payable monthly I've seen commit you to paying for the whole of the year, even if you e.g. remove your boat part way through. In the event that the marina company folded during they year, wouldn't the Administrator be trying to get the rest of the payments off you?

If you didn't have an annual contract payable monthly you'd be on much higher monthly visitor rates, presumably.
Click to expand...
Absolutely right . You get a discount if you pay annually , but pay more for monthly just like car insurance . However , you are committed to the contract, which means it has to be fulfilled. So if you move your boat , you still committed to the contract , and the berth is re contracted again to someone else. On top. But the contract must be completed or a settlement deal is negotiated.
 
Durley245 said:
Absolutely right . You get a discount if you pay annually , but pay more for monthly just like car insurance . However , you are committed to the contract, which means it has to be fulfilled. So if you move your boat , you still committed to the contract , and the berth is re contracted again to someone else. On top. But the contract must be completed or a settlement deal is negotiated.
Click to expand...

Yes but the administrator couldn't make you pay immediately for the rest of the contract, as if the supplier has gone bust they are going to be unable to fulfil their side. You are at least in a very strong position
 
TwoHooter said:
Just suppose a boat owner were to take advantage of a discount by paying a year's berthing licence in advance, and then the marina went into administration.

Would the pre-payment vanish into thin air and the boat owner receive a fresh demand for licence fees from either the administrators or the new owner of the marina when it had been sold?

I know how this works the other way round if a tenant (or licensee) goes into liquidation, administration, or a Company Voluntary Arrangement. But what would happen to tenants (or, in the case of boats, licensees) if their landlord goes bust after they have paid their license fee in advance?

I have a reason for asking but I won't be drawn into any discussion about individual marina operators. I'm asking for views on the general principle here. Thanks.
Click to expand...
Imo you beckme a credotor at the end of a very lingeqjerieto . I pay via a credjt card in the vane hope of extrs security
 
Status
Not open for further replies.

Share this page

Top