Oyster yachts shutting down...

[BruceB1]

Yey another industry titan ending up “on the rocks”...
http://www.thisismoney.co.uk/money/...ased-boat-builder-Oyster-Yacht-collapses.html

We were obviously never in the market for one of these but I sure appreciated looking at them at shows.
Bruce

 

[Davidasailor26]

Looks like there is some chance that the brand itself will survive - https://plus.ibinews.com/article/7d..._45_expressions_of_interest_for_oyster_group/

 

[Will Gilmore]

"According to its latest financial accounts, the company made a profit of £104,000 on sales of £42.1million in 2016."

There is some BAD business people involved in that. Poor planning or someone is leaving the table with more chips than they're showing above board.

Beautiful boats, though. Did any customers lose their down payments?

- Will (Dragonfly)

 

[DArcy]

The reason they are going under is because one buyer lost a lot more than his down payment. http://oysterstory.info/
There have been some pretty sketchy things going on at Oyster over the past few years.

 

[Jackdaw]

This discussion has been going on in another 1st page post for over 2 weeks.

https://forums.sailboatowners.com/index.php?threads/oyster-yachts-in-liquidation.189873/

Might be better to keep it all in one thread.

 

[kmacdonald]

Are there any criminal investigations underway yet?

 

[Tod]

The reason they are going under is because one buyer lost a lot more than his down payment. http://oysterstory.info/
There have been some pretty sketchy things going on at Oyster over the past few years.

Wow, I hadn't heard about that. Yes, I can certainly see where that would be problematic for Oyster.