Mustang Marine in trouble?

Mustang Marine into administration, reports say

It’s been a bumpy ride for Mustang Marine these last few years but it looks like it may be about to get a whole lot worse.

Reports coming in suggest that the company, one of Australia’s biggest boat builders, has gone into administration.

The news broke on with a quote from Sydney-based receiver Steve Sherman stating that they had taken control of the business and were hopeful of finding a new buyer.

Mustang’s UK sales presence has been less than ideal, with several dealers coming and going in the last few years.

However, after a high profile, five boat, push at this year’s Southampton Boat Show by the current importer, Whittey Marine, its fortunes appeared to be on the up.

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Should the news coming out of Australia prove correct it could leave Whittey Marine, and anyone who has placed an order for a boat, in a tight spot.