Chichester, Brixham and Swanwick dealerships to trade under new company - Opal Marine Ltd. No single company willing to take on whole operation.

A new company – Opal Marine Ltd – has been formed out of the wreckage of Peters Opal, which went into administration last month.

The new company has taken on Peters Opal’s sales sites at Chichester, Brixham and Swanwick, administrators KPMG announced this evening, adding that 30 jobs had been saved by the sale.

It was also announced that Premier Marinas, owner of Chichester Marina, is the new owner of Peters Opal’s Chichester-based boat lifting and storage business.

KPMG has also accepted offers subject to contract on the Chichester chandler’s and the operation based at Ipswich Marina. Negotiations are ongoing for Peters Opal’s ‘Port to Port’ business.

Joint administrator Jane Moriarty said: “Every effort was made to try and find one buyer for the whole business however despite extensive marketing no appropriate offers were forthcoming. We have completed on offers that we believe ensure the best deal for creditors. We continue to work on a number of other deals and hope to be able to finalise them shortly.”

Below is the statement from KPMG:

The joint administrators of BA Peters Ltd (appointed 14 August) are pleased to announce the sale of the Chichester, Brixham and Swanwick boat dealerships to a newly formed company which is going to trade as Opal Marine Ltd. A sale has also been completed for the Chichester based boat lifting and storage business, which has been purchased by the owners of Chichester Marina, Premier Marinas.

The administrators have also accepted offers subject to contract on the Chichester Chandlery and the operation based at Ipswich Marina. Negotiations are ongoing for the sale of the ‘Port to Port’ business.

Joint administrator Jane Moriarty said: “Every effort was made to try and find one buyer for the whole business however despite extensive marketing no appropriate offers were forthcoming. We have completed on offers that we believe ensure the best deal for creditors. We continue to work on a number of other deals and hope to be able to finalise them shortly.”