Company: Crafted Boats Ltd, Fenny Marina
Business Type: Marina Operator
UK & International Business Sales and M&A News
A Warwickshire canal marina has sold for more than £1 million to Crafted Boats Ltd, a day before it was due to go to auction, after ‘multiple enquiries and competitive offers'.
Fenny Marina, which is on the Oxford Canal at Station Fields in Fenny Compton, has been in operation since the 1970s and includes 85 boat berths for permanent, winter and temporary leisure moorings, together with a chandlery, store, and electric and water hook-ups. There is also a dry dock and workshops available for narrowboat blacklings and surveys. The site also includes a three-bedroomed bungalow and extensive outbuildings.
It was on the market with a guide price of £950,000. The agents Bond Wolfe said there was such strong interest from potential buyers that it sold for £1.1m before the planned auction.
James Mattin, Managing Director and Auctioneer at Bond Wolfe, said:
“It was a pleasure acting for our client for whom we have successfully sold the marina.
“He can look forward to a well-earned rest after many years ownership and we are very pleased for the purchasers Crafted Boats Ltd, the ideal party to take the marina on to the next level.
“This is a perfect example of our unique hybrid open market and auction offering working in tandem.”
James Mattin – Managing Director and Auctioneer at Bond Wolfe
Crafted Boats Ltd is a family-owned firm of boat builders and repairers based in Bromsgrove. Established in 1953 as J. L. Pinder and Son, it was incorporated as Crafted Boats Ltd in 2001. It supplies steel craft including commercial workboats, hire boats, narrowboats, cruisers, and barges. Its team of boat fitters can fit out craft to any stage of completion, from initial design to sea trials.
Aaron Pinder, a Director of Crafted Boats Ltd, said:
“Our plan for the marina is to continue to operate the mooring and services but to look at improving the facility.
“We will also be offering, as we do at our other sites, repaint jobs, hull and top side work, grit blasting and epoxy coating, pressure wash and blacking, plus engine repairs, to name just a few of our services.”
Aaron Pinder – a Director of Crafted Boats Ltd
MFG Solicitors provided legal advice on the deal for Crafted Boats Ltd, while Freeths Solicitors advised the vendor, whose identity has not been disclosed.
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