New investment will help Sunseeker to grow, according to the new man at the helm in Poole, Julian Gowing
The head of Sunseeker Poole has welcomed last week’s buyout deal in which a group of investors took the majority stake in the company.
Julian Gowing, new general manager at Sunseeker Poole, said, “This is a really positive thing, it is an investment in the future growth of the company.”
The Dublin-based consortium FL Partners provided £25 million of new capital and restructured Sunseeker’s current debts in the agreement.
Gowing, who took over at Sunseeker Poole in April 2010, said that the move would safeguard the company in the coming years.
“In my view I’d rather an investor than a banker as they’re more likely to grow the business and see the future value, while a bank is more concerned with its commercial return.”
“Sunseeker is still a strong company and I believe we will see investment for all the right reasons now.”
However, Gowing did concede that Sunseeker has neglected the home market recently, something that he hopes to rectify.
From what I can see we have not focused on the UK market for several years,” he said.
“The new Portofino 48 and fabulous flybridge Manhattan 52 are both ideal for UK use but at Sunseeker Poole we see very little traffic over the weekends, so perhaps we should open a small outlet in the Solent.”