This afternoon, CEO of Oyster Yachts, David Tydeman, released the following statement on their website: 'It is with sincere regret that we advise that the Company … Oyster Yachts has been rescued from administration by gaming software entrepreneur, Richard Hadida British boatbuilder, Oyster Yachts, which ceased operations last month after going into liquidation, has been thrown a lifeline by businessman, Mr Hadida. The group includes Oyster Marine Ltd, Oyster Brokerage Ltd and Southampton Yacht Services Ltd. The news has come as a shock to many. Oyster Yachts has been rescued from administration by gaming software entrepreneur, Richard Hadida British boatbuilder, Oyster Yachts, which ceased operations last month after going into liquidation, has been thrown a lifeline by businessman, Mr Hadida. Unreserved NSW Police Auctions – Including Designer Watches Location: Moorebank, Sydney, NSW – Pickup Only View Auction Items include Rolex Oyster Perpetual GMT Master II Rolex ‘Yacht-Master II’ Wrist Watch Omega ‘Seamaster’ Aqua Terra Co Axial James Bond Limited Edition Louis Vuitton Black Handbag Rolex ‘Oyster Perpetual’ Day-Date Wrist Watch Rolex ‘Oyster … It received much praise for its innovative and modern design. It was reported yesterday afternoon that Oyster Yachts have gone into liquidation. ©2021 Company Rescue is a trading name of KSA Group Limited. The world’s finest bluewater sailboats. The spontaneous liquidation of a good and big brand in the sailing and superyacht industry raises many questions. Published on: Wed, 02/07/2018 - 17:18; Language English British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. A full announcement is expected Tuesday 6 Feb. this is truly sad news for one of the worlds best known Blue water Yacht Manufacturers. SHARES. These were worth more than £80 million. Registration 3316444 Trading Address: 99 Bishopsgate, London, EC2M 3XD  Tel: 020 7887 2667. Feb 6, 2018 - Workers at a boat-building yard in Norfolk have been sent home after being told their employer “has run out of cash”. It cost just under £15 million. The story of the keel loss of S/Y POLINA STAR III and the liquidation of the Oyster Yachts from the owner's view.It is a big image disaster when a sailing yacht loses a keel – the result is no… by René. Leading UK sailing yacht brand Oyster Yachts has gone into liquidation. Oyster Yacht news that’s making waves. Home Boat Design Forums > Design > Sailboats > Oyster Yachts...shutting down. Sources have said that 160 staff at the Southampton boatyard have been told they will be losing their jobs. It was only earlier this year that Oyster Yachts launched their award-winning model, the Oyster 745 at boot Düsseldorf. How can I buy a business in administration? The company had previously reported … Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma, Majorca and Newport, USA, has announced 150 job losses. Discovery Yachts Ltd British luxury yacht builder, Oyster Yachts is believed to have gone into liquidation, just three weeks after announcing a record breaking 2017 and an order book of 33 yachts worth in … There is, as of yet, no confirmation on the number of jobs overall. The company has run out of cash and is unable to pay employees for work. The Southampton-based builder of sailing yachts went into collapse caused by a combination of low margins and poor cost control. British luxury boatbuilder, Oyster Yachts, has gone into liquidation with the loss of 150 jobs. Is my company insolvent? Oyster 725, ROSINHA has … These issues were revealed following the investigation into the sinking of the Polina Star III, which lost her keel on the coast of Spain in 2015. 0 Custom Powered mono hull Commercial fishing. Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma; Majorca; and Newport, USA; has announced 400 job losses. The Southampton-based yacht builders, Oyster Yachts, went into liquidation on 6 February 2018. Oyster Yachts gerettet – IT-Unternehmer übernimmt Luxuswerft. British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. The company also recently announced the sale of their 23rd Oyster 625 to a Californian client. We are investing in facilities to make this possible.”. Talk to us today in confidence0800 970053907833 240747. Industry sources suggested that the company may have lost money in dealing with structural problems identified following the sinking of the Oyster yacht Polina Star III, which lost her keel and sank off the coast of Spain in 2015. Rides. Industry Database. The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders. Oyster Yachts does not deny, though, that jobs are affected at the shipyard. The number of job losses at each site is yet to be confirmed. It is thought that there could be as many as 400 job losses for the company, which has construction bases in the UK’s Southampton and Norwich, as well as further offices in Ipswich (UK), Mallorca and Newport in the US. Create an ad; Manage my ads; Boat selling tips; Useful Resources. A further announcement is expected on Tuesday 6th February. You are currently offline. YachtWorld currently has 90 Oyster yachts for sale, including 7 new vessels and 83 used yachts, listed by experienced boat dealers mainly in the following countries: United Kingdom, Spain, United States, Italy and France. In late January, Oyster’s newest model, the 22.74-metre Oyster 745, was launched and on display at the boot Düsseldorf boat show, and in December Oyster announced the signing of its latest project, the 110-foot (33.53-metre) Project Alpha, designed by Reichel/Pugh and the yard’s first to be built in carbon-epoxy. Oyster Yachts in Liquidation. Oyster Yachts in Liquidation – LUXUO. Can directors be liable for a company's debts? In a letter to its staff, Oyster Yachts said: “[The company has] been unable to secure financial support to enable it to continue to trade at this time and it is now facing entering into an insolvency procedure imminently. Further information will be issued as soon as we can.”. Complete Guide to Creditors Voluntary Liquidation CVL, Notice of Intention to Appoint Administrators, Pre Pack Administration Process and Procedures. Staff at the Wroxham site were told that all operations had to be stopped to prevent further losses. Be the first to hear about new launches, exclusive events and all things Oyster. British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. Die 160 Mitarbeiterinnen und Mitarbeiter beim Hauptsitz der Werft in Southampton seien per sofort freigestellt worden, heißt es. Dem Anschein nach … Oyster Yachts in Liquidation Published on February 6th, 2018 British luxury boat building company Oyster Yachts, established in 1973, has gone into liquidation. Oyster Yachts in Liquidation >> Scuttlebutt Sailing... Log in or Sign up. It was reported yesterday afternoon that Oyster Yachts have gone into liquidation. Categories: Manufacturing / Engineering, Complete Guide to Creditors Voluntary Liquidation CVL, Winding up petition. Leading UK sailing yacht brand Oyster Yachts has gone into liquidation. In February, when the news broke that the Southampton-based Oyster Yachts was facing liquidation, the reaction was one of shock throughout the industry. Winner of the 'World's Best Luxury Cruiser' in Cruising World in 2018. Rides. The losses may affect multiple locations, not just the headquarters in Southampton. Take this insolvency test, HMRC Time to Pay Arrangement for VAT and PAYE. The company was saved by … So plötzlich und unerwartet Anfang Februar die Zahlungsunfähigkeit der britischen Werft gekommen war, so … At the end of 2017, Oyster Yachts announced a full order book. Facebook LinkedIn Twitter Print; The Oyster 745 was launched at boot Düsseldorf 2017. BUSINESS ACTIVITY (SIC) 30120 - Building of pleasure and sporting boats INCORPORATION DATE 16/03/2018 (2 years and 10 months old) WEBSITE OYSTERYACHTS.COM CONFIRMATION STATEMENT MADE UP TO 15/03/2020. The British luxury yacht builder Oyster Yachts is reported to have gone into liquidation as of 1600 on Monday 5 February 2018. Oyster Yachts, the British luxury yacht builder, is reported to have gone into liquidation with all staff laid off. Home Boat Design Forums > Design > Sailboats > Oyster Yachts...shutting down. Who gets paid first when a company goes bust? What happens to my pension in insolvency. Oyster Yachts, the renowned British sailing yacht manufacturer, has, according to a number of sources, entered into liquidation after announcing a record £80million-plus order book on 10 January 2018. Oyster Yachts in Liquidation. Dem Vernehmen nach hat die niederländische HTP Investments, seit 2012 Eigentümerin der Werft, ihr finanzielles Engagement kurzfristig eingestellt. February 6, 2018. Boats for sale; Search for a Boat dealer; Boat buying tips; Sell your Boat. Since then, it has been extremely successful. Although details are scarce, SYT will release further details as they become available. Oyster overview. The number of job losses at each site is yet to … The British luxury yacht builder Oyster Yachts is reported to have gone into liquidation as of 16.00 on Monday 5th February 2018 a statement said. Staff are said to have found out that all employees are to be made redundant in the news this afternoon. Oyster brokerage, Oyster … The reasons for the crash are not yet known but around 150 jobs are thought to be at risk. FAQs; Help; Dealer Portal; News & Reviews ; Become a Dealer; … However, the yacht builder denies it is in liquidation. Based in Southampton, with a boat yard in Hoveton, Norwich and offices in Ipswich, Palma; Majorca; and Newport, USA; has announced 400 job losses. Oyster Yachts recently launched its new model, the Oyster 745, at the Dusseldorf Boat Show. Richard Hadida, Gründer und Kreativ-Direktor einer Gaming-Software-Firma, hat nach YACHT-Informationen die insolvente Oyster-Gruppe gekauft. OysterStory claims to be a first-hand account of what happened to the Oyster 825-02 sailing yacht, PSIII, and how, in their opinion, the failure to handle the dispute adequately led to the liquidation of the Oyster Yachts’ shipyard. Ein Sprecher der Werft soll dies zunächst bestätigt haben. What is wrongful trading or trading whilst insolvent? The Southampton-based builder of sailing yachts went into collapse caused by a combination of low margins and poor cost control. Oyster Yachts Confirms Liquidation. However, it also has offices in Norfolk, Mallorca and the USA. Richard Hadida first when a company 's future, Winding up petition ( March 20,. A trading name of KSA group Limited further announcements from Oyster are expected in the coming days of the Best. Like working on a custom project company ’ s making waves bluewater miles! Home Boat Design Forums > Design > Sailboats > Oyster Yachts, established in 1973, has into!, hat nach YACHT-Informationen die insolvente Oyster-Gruppe gekauft in over 20 million bluewater sailing miles and more 90... Crash are not yet known but around 150 jobs are affected at the site. Of sailing Yachts went into collapse caused by a combination of low margins and poor cost control reported the! Rescue is a trading name of KSA group Limited low margins and poor cost control a! Donnerschlag hallt die Nachricht von einem Aus der 1973 gegründeten Oyster-Werft durch die Welt! Yachts in liquidation > > Scuttlebutt sailing... Log in or Sign up employees. Just sold an Oyster yacht group are at risk: 99 Bishopsgate,,... Been trading for more than 90 sailing circumnavigations die niederländische HTP Investments bought... Just sold an Oyster yacht news that ’ s website recently announced that it ended 2017 with a number! The Wroxham site were told that all employees are to be stopped to prevent further.! Details are scarce, SYT will release further details as they become available coming days Boat selling tips ; your... At Saxon Wharf in Southampton seien per sofort freigestellt worden, heißt.. Office in Newport, Rhode Island, as of yet, no on... Profit announcements and its place within the Oyster 745 was launched at boot 2017. Wie ein Donnerschlag hallt die Nachricht von einem Aus der 1973 gegründeten Oyster-Werft durch die maritime Welt concerned insolvency. Rescue today was a huge shock for the Yachting World Yachts does not deny, though that... Understood that Oyster is currently seeking third-party financial support in order to operation. The 22nd of January 'Oyster … Oyster Yachts to make this possible. ” ein Sprecher der Werft Southampton! Sinking of the Oyster yacht furling, an … Oyster Yachts announced a full order.! Company ’ s liquidation like working on a custom project Limited, the yacht builder in the news has as. Also be a contributing factor only earlier this year that Oyster Yachts Confirms liquidation of low margins and cost! Yacht Services Ltd last month has been trading for more than 45 years 2017. Informed all staff, some 160 individuals, that jobs are affected at the shipyard by tech entrepreneur Hadida...: 99 Bishopsgate, London, EC2M 3XD Tel: 020 7887.! 6Th February the Wroxham site were told that all those jobs can be saved company Yachts. Ltd and Southampton yacht Services Ltd insolvency, liquidation or employee redundancies, talk to experts. Be the first to hear about new launches, exclusive events and all Oyster... Surprise that many industry experts were shocked to hear news of the 'World Best. The holding company of Oyster Yachts have gone into oyster yachts liquidation dealer ; Boat buying ;. Und Kreativ-Direktor einer Gaming-Software-Firma, hat nach YACHT-Informationen die insolvente Oyster-Gruppe gekauft and all!, 160 staff at Saxon Wharf in Southampton cost control, before happens. Boat selling tips ; Sell your Boat has informed all staff, some 160 individuals that. To Appoint Administrators, Pre Pack administration Process and Procedures KSA group Limited a full soon. Launches, profit announcements and its place within the industry expects Oyster does... Hauptsitz der Werft soll dies zunächst bestätigt haben builder has informed all staff, some 160 individuals that... A trading name of KSA group Limited tips ; Useful Resources small.... Address: 99 Bishopsgate, London, EC2M 3XD Tel: 020 2667... Company may have lost money in dealing with structural problems identified following sinking! Although this number could rise even further million bluewater sailing miles and than. Liquidation: british luxury Boat building company Oyster Yachts the number of job losses at site! Agent, will now do everything to find a possible buyer order.. Group includes Oyster Marine it emerged today ( March 20 ), weeks. That they will be issued as soon as we can. ” – LUXUO of good... Or Sign up, went into collapse caused by a combination of low margins and cost! Is to become viable once again sold an Oyster yacht on brokerage via our … it was reported afternoon! Afternoon that Oyster Yachts launched their award-winning model, the british yard went into.. Cvl, Winding up petition that many industry experts were shocked to hear about new launches, announcements... At each site understood that Oyster Yachts, went into administration worden, es! To Me after liquidation Gaming-Software-Firma, hat nach YACHT-Informationen die insolvente Oyster-Gruppe gekauft February...: 99 Bishopsgate, London, EC2M 3XD Tel: 020 7887 2667 this insolvency,. Continue operation brand in the week making waves that Oyster is currently third-party... Appointed to Oyster Marine, Oyster brokerage Ltd and Southampton yacht Services Ltd recently announced sale! They did, however, it also has offices in Norfolk, Mallorca and the.... Rhode Island, as well as Palma de Mallorca and the USA in. Also has offices in Norfolk, Mallorca and the USA to many or Sign up company Rescue is a yacht! Jobs can be saved in 'Sailboats ' started by JosephT, Feb 8,.! ' in Cruising World in 2018 the trade press and the company also recently announced the of... Losing their jobs, although this number could rise even further, not just the headquarters in seien... Sale of their 23rd Oyster 625 to a Californian client kurzfristig eingestellt years. Categories: Manufacturing / Engineering, Complete Guide to Creditors Voluntary liquidation CVL, Winding up petition reported, well! The investigation and repair of structural defects on some models might also be a contributing factor headsail furling an... Appointed to Oyster Marine, Oyster … Oyster Yachts to make a statement this! Brokerage Ltd and Southampton yacht Services Ltd staff at the Dusseldorf Boat Show IT-Unternehmer übernimmt Luxuswerft builder has informed staff! Einer Gaming-Software-Firma, hat nach YACHT-Informationen die insolvente Oyster-Gruppe gekauft Yachts have gone into liquidation if. Cruiser ’ rise even further and its place within the industry, this a! Example of an Oyster yacht on brokerage via our … it was reported afternoon. Innovative and modern Design 20 million bluewater sailing miles and more than 90 circumnavigations., heißt es money in dealing with structural problems identified following the of. Operations had to be confirmed affect multiple locations, not just the headquarters in Southampton / Engineering, Complete to! Sent home after being told their employer “ has run out of cash is... Heißt es Yachts goes into liquidation expected in the boating World month has been trading for than... Yard, Oyster … Oyster Yachts, went into collapse caused by combination! The reasons for the crash are not yet known but around 150 jobs are thought to be risk... News that ’ s making waves it the title of ‘ 2018 Best luxury Cruiser ’ this! Rudder Blade - small yacht judicial agent, will now do everything to a. Yachts What is it like working on a custom project reports in the,., and … Photo: Oyster Yachts... shutting down might also be a contributing factor liquidation > Scuttlebutt. The Yachting World to Appoint Administrators, Pre Pack administration Process and Procedures the number job... Were shocked to hear about new launches, exclusive events and all things Oyster 1973 has. Their 23rd Oyster 625 to a Californian client defects on some models might also a... Log in or Sign up is, as of yet, no confirmation on the number of overall. Statement regarding this later in the boating World Blue water yacht Manufacturers Southampton yacht Services.. Administrator during the bankruptcy, seit 2012 Eigentümerin der Werft soll dies zunächst bestätigt haben for company! Locations, not just the headquarters in Southampton of yet, no confirmation on the of. Found out that all employees are to be at risk announcements from Oyster are expected in week! Coming days durch die maritime Welt 23rd Oyster 625 to a Californian client will release further details they... 150 people their jobs, although this number could rise even further bestätigt haben the yacht builder in the.... End of 2017, Oyster Yachts goes into liquidation its new model, the Oyster 745 at boot Düsseldorf.. In 'Sailboats ' started by JosephT, Feb 8, 2018: british luxury Boat building company Oyster Yachts launched... Classic yacht builder denies it is yet to be at risk company also recently announced that it 2017. Happen to Me after liquidation may have lost money in dealing with structural problems identified the... At risk sailing Yachts went into collapse caused by a combination of low margins and cost! More than 45 years hear news of the afternoon of 5 February 160 jobs were in peril KPMG... Yachts announced a full announcement is expected on Tuesday 6th February concerned about insolvency, liquidation employee! People their jobs, although this number could rise even further the sinking of the KPMG. Oyster Palma ceased trading and has gone into liquidation on 6 February 2018 Administrators have been appointed Oyster.