Menu

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

Former Dun Laoghaire Sailing School Instructor Leads New Oyster Yachts Team

21st March 2018
1442 Views
Paul Adamson – new role in British luxury yacht builder Oyster Yachts Paul Adamson – new role in British luxury yacht builder Oyster Yachts

A former Dun Laoghaire Harbour based Sailing School instructor will lead a new Oyster Yachts management team following the purchase of the luxury boat builder after it went under in February, according to British media reports.

YBW.com reports here, that Richard Hadida has purchased Oyster Yachts and all of its subsidiaries and has brought the owner of one–time Dun Laoghaire Harbour–based sailing school, Sailing West, Paul Adamson on board.

Adamson and his wife Audrey sailed around the world from 2012 to 2014 working professionally for ex Formula One Team Boss, Dubliner Eddie Jordan and prior to that ran the Sailing West Sailing School based at Dun Laoghaire's ferry terminal.

More recently, Adamson has been working as a 'motivational speaker', details as per his website here.

As Afloat.ie reported at the time, the British luxury yacht builder stopped production in February with the loss of some 380 employees at its UK sites at Southampton and Wroxham in Norfolk after the Dutch private equity firm, HTP Investments, announced it would no longer continue to financially support the company.

Hadida is now forming a management team, led by Oyster skipper Adamson, who captained Eddie Jordan's Oyster 885, LUSH in the Oyster World Rally in 2014

Adamson was also a regular competitor on the Dublin Bay SB20 Sportsboat circuit. 

Hadida, who regularly sails on LUSH, told Yachting Monthly he has used his own personal fortune to buy Oyster and all of its subsidiaries, including Oyster Palma and Oyster Newport in the USA.

"Every part of the business, including brokerage and chartering, I plan to bring back to life,' he noted. 'I am not looking to flip it, there is no exit planning, I am in it for the long run, it will be a lifetime business."

His first priority will be on the 26 customers whose Oysters were in build when the company closed its doors.

"We are hoping to start employing people as of tomorrow. At the moment, we have boats in every stage of build from the mould to almost complete and we need to get people on these boats and building them fast. I want to get those yard doors open and start building boats again," stressed Hadida.

Adamson, who will act as 'Chief Transformation Officer',  added that the 26 customers with Oysters in build will get exactly what they ordered.

Published in Marine Trade
Afloat.ie Team

About The Author

Afloat.ie Team

Email The Author

Afloat.ie is Ireland's dedicated marine journalism team.

Have you got a story for our reporters? Email us here.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

Direct Donation to Afloat button

About boot Düsseldorf: With almost 250,000 visitors, boot Düsseldorf is the world's largest boat and water sports fair and every year in January the “meeting place" for the entire industry. From 18 to 26 January 2020, around 2,000 exhibitors will be presenting their interesting new products, attractive further developments and maritime equipment. This means that the complete market will be on site in Düsseldorf and will be inviting visitors on nine days of the fair to an exciting journey through the entire world of water sports in 17 exhibition halls covering 220,000 square meters. With a focus on boats and yachts, engines and engine technology, equipment and accessories, services, canoes, kayaks, kitesurfing, rowing, diving, surfing, wakeboarding, windsurfing, SUP, fishing, maritime art, marinas, water sports facilities as well as beach resorts and charter, there is something for every water sports enthusiast.

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

mgm sidebutton
bjmarine sidebutton
xyachts sidebutton

Featured Webcams

webcam sidebutton

Featured Associations

ISA sidebutton
ICRA
isora sidebutton

Featured Events

tokyo sidebutton
sovscup sidebutton
vdlr sidebutton

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating