Bryher Boatyard and Isles of Scilly Boat Hire business sold

United Kingdom
29th July 2022

Bryher Boatyard and Isles of Scilly Boat Hire business sold

Bryher Boatyard and Isles of Scilly Boat Hire has been sold to new owners.

Bryher Boatyard and Isles of Scilly Boat Hire has been sold to new owners.

Bryher Boatyard on the Isles of Scilly is an established business, dealing in boatyard services and vessel maintenance, boat and watersports equipment hire (known as Isles of Scilly Boat Hire), as well as offering a chandlery and gift shop. Vessels available for hire include Sealegs, Powercats and Island Pilots, and there are 52 moorings available on Tresco, Bryher, St Mary’s, St Martin’s and St Agnes.

Bryher Boatyard was originally founded in 1990 and, together with the Isles of Scilly Boat Hire, is considered by the Duchy of Cornwall to be one of a number of essential services businesses that contribute to the delivery of island life and the Isles of Scilly experience.

Richard Drew and his wife Sheila joined Bryher Boatyard in 2008 as managers, and purchased it shortly afterwards, before joining forces with Chris Jenkins from St Mary’s to establish the boat hire side of the business.

Drew commented:

Richard and Sheila are now looking forward to their retirement. He continued:

First Peninsula Marine acted as advisors and agents to Bryher Boatyard.

About Bryher Boatyard

Bryher Boatyard on the Isles of Scilly is an established business, dealing in boatyard services and vessel maintenance, boat and watersports equipment hire (known as Isles of Scilly Boat Hire), as well as offering a chandlery and gift shop.

About Isles of Scilly Boat Hire

About First Peninsula Marine

First Peninsula Marine is a specialist business sales and acquisitions agency focused exclusively on the marine and maritime sectors. Operating nationally to provide a range of strategic advisory services to business owners, trade buyers, financial institutions and private investors. First Peninsula Marine advises on a wide range of instructions from £multimillion corporate finance backed transactions and strategic plc acquisitions to local owner-managed business sales.

About First Peninsula Marine

Deal Summary

  • Guide Price: £575,000
  • Financials: Undisclosed
  • Transaction Structure: Acquisition of 100% of Share Capital in Bryher Boatyard Limited & Scillonia Boatshare Limited
  • Advisors : First Peninsula Marine / Scott Bailey LLP / Bartons Solicitors / TaxAssist Accountants

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