The UK sportsboat builder may soon be sold as a going concern, according to the administrative receiver
Administrative receiver Bill Dawson, a partner of Deloitte & Touche, who was called in to troubled UK sportsboat builder Fletcher International last month, has stated that the sale of the boatbuilder as a going concern, should be realised by the end of this week. “We are in the midst of advanced discussions with one interested party,” said Dawson.
Four more redundancies were made at the Staffordshire-based boatbuilder last week bringing the total so far to 45, leaving a workforce of 99.
The Fletcher sportsboat and its Dell Quay dory ranges stretch from 4.3-7.6m (14-25ft). Fletcher is also a major supplier of industrial mouldings, producing such things as coach bodies, wind-generator parts and simulator capsules. Boatbuilding accounts for around 30 per cent of its undisclosed turnover.
News of the boatbuilder’s collapse in January was overshadowed by the suicide of Fletcher managing director, Steven Castle.