Challenger Syndicateships ceased trading on 3 January, MBM has learned

MBM has learned that Challenger Syndicateships, one of the largest boat share companies in the UK, ceased trading on 2 January.

The company, started 10 years ago by husband and wife team Ed and Gill Rimmer, had built up an impressive fleet of shared ownership boats, including 27 narrowboats and top of the range motorboats like a Broom 50, Princess 56 and Sunseeker Manhattan 56 in the Mediterranean.

At the time of writing, it is understood receivers have been called in, but that ownership of the individual boats should remain with the 12 members of each syndicate.

Mr Rimmer, a well-known industry figure, sits on the board of National Boat Shows, and his company remains a member of the British Marine Federation (BMF), according to the BMF’s website.

Information from Companies House shows the company as still trading, but with accounts three months’ overdue.

No one at Challenger was available for comment for this piece.