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Oyster Yachts assets up for sale after officially going into administration

PUBLISHED: 15:23 26 February 2018 | UPDATED: 15:23 26 February 2018

The Oyster Yachts premises at Hoveton. Picture: DENISE BRADLEY

The Oyster Yachts premises at Hoveton. Picture: DENISE BRADLEY

Archant

Administrators of a boat builder are aiming to sell its assets after being officially appointed.

KPMG’s Neil Gostelow and Mark Orton have been named joint administrators of Oyster Marine having already been put in charge of the running of its parent company Oyster Marine Holdings on February 7.

Oyster Marine employed around 180 people at its boatyards in Wroxham and also had a site in Southampton.

KPMG is seeking to sell the brand name, technical designs, drawings and IT hardware, build manuals and moulds as well as plant and machinery – with a March 2 deadline set for initial offers.

Mr Gostelow said: “There is a lot of interest in the market and we would encourage any more interested parties to make contact as soon as possible.

“We are working with a large number of parties to progress their offers.”

The company’s woes came after an Oyster yacht sank in Spain in 2015.

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