December 19 2014 Latest news:
Wednesday, June 4, 2014
EDP Top 100 firm Oyster Yachts is continuing its impressive expansion which began even ahead of the economic recovery.
In the wake of the company’s successful outing at the Dusseldorf Boat Show earlier this year it is inviting CVs from a range of tradesmen to continue the growth of its workshop at the former Landamore’s yard in Tunstead Road, Hoveton.
Oyster is looking to add suitably experienced shipwrights, joiners, laminators, polishers, painters, engineers, fitters, plumbers and electricians to the team working on its luxury range of yachts.
The firm is also looking to improve its marketing set-up with a new, high-profile head of marketing who will then be invited to appoint his own team of two or three.
Oyster reported inquiries at Dusseldorf - Europe’s most important show - 30pc up on last year and sealed the sale of a special Oyster 545 for a Belgian client on the last day.
CEO David Tydeman said: “The Düsseldorf show is an important event in the marine calendar and we signed contracts across the Oyster range. This latest Oyster 545 has a special extended aft deck, counter transom and a bowsprit, demonstrating Oyster’s new flexible approach to personalising our yachts.”
Oyster will have a presence at a number of upcoming shows, including Cannes, Southampton, Monaco and Hamburg.
Since taking over the Landamores site in 2012, Oyster has more than doubled the staff.
And the firm has found interest in its luxury yachts, ranging in price from £600,000 to £6m, has not been affected by the slow economic recovery.
In an interview last year, Mr Tydeman said Oyster’s startling progress resulted from its sale out of venture capital ownership to two private Dutch investors, who promise a future “for all the right reasons, not just financial return”.
Oyster’s Hoveton yard is focusing on yachts up to 80ft, while its Southampton yard builds bigger boats, including the 100 and 125 superyachts.
Mr Tydeman said special owner events including its world rally - a guided world cruise to celebrate the company’s 40th anniversary which ended earlier this year – helped to stimulate interest from buyers.
“We sold a number of new boats into the rally, which were built in 2011 and 2012, and our next world rally in 2016 is already well subscribed,” he said.
Question marks surround the fate of several development projects in and around King’s Lynn after the developers behind the project went into administration.