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Displaying items by tag: Sunseeker

26th January 2011

MGM Boats Open in Cork

As part of ongoing plans to expand its brokerage service (and promote the ranges of Sunseeker, Aquador and Bayliner Boats) MGM Boats Ltd of Dun Laoghaire is opening a new sales office on the waters edge, at Pier road, Kinsale. The office is expected to open by the End of February. "We have invested heavily in our Brokerage Department over the past two years resulting in a steady increase of Boat owners submitting their boat to us for sale" says MGM's Martin Salmon.

The Dun Laoghaire firm also has bases on Strangford, the Shannon and the English South Coast in Hamble. Salmon says the firm currently has 'tremendous value to offer the Cork boaters in quality used sportsboats, sailboats and motor cruisers'. In spite of the hard-times the award winnig dealership says it is looking forward to a 'prosperous season' on the south coast.

Kinsale is a leading sailing port in Ireland and this year the town and local yacht club hosts one of the biggest events of the Irish sailing calendar, the Sovereigns Cup in June.

Published in Marine Trade

After a very successful conference in Donegal in 2009 Sunseeker dealers from all four corners of the world voted unanimously to host the event again at Solis Lough Eske Castle this year. Over 220 people attended last weekend and this time round the conference experienced five days of glorious sunshine in the north west.

MGM Boats, the Irish Distributor for Sunseeker received a 'Bronze Award' for outstanding achievement in Service and Support throughout a very challenging 2010 Season.

'Sales might have slowed down but commitment to After Sales Service remains a core part of our business', commented Martin Salmon of the Dun Laoghaire firm. Pictured below are the four directors of MGM Boats along with Sunseeker founder Robert Braithwaite CBE.

DISTRIBUTOR_OF_THE_YEAR_AWARD_2011

It is the fifth time that Sunseeker have hosted their conference in Ireland in the last ten years. Sunseeker celebrated the 50th Anniversary of the incorporation of the company on the 17th November.

Established 50 years ago, Sunseeker has built a reputation as the manufacturer of the world's finest motoryachts - vessels that enjoy a unique combination of luxury and performance. Despite the Global economic crises Sunseeker have managed to maintain a workforce of 2000 employees in the UK and continue to strive in all markets.

In June of this year Dublin based Investment Firm FL Partners founded by Peter Crowley and Neill Hughes along with a number of Irish Investors bought a significant majority stake in Sunseeker.

Published in Marine Trade
26th October 2010

Dublin Boat Show Goes Afloat

The 2011 Dublin Boat Show is going on the water in 2011 if a new approach to promote boating in Ireland takes off. The Irish Marine Federation (IMF) aims to include as many boating activities as possible in the national boat show line up next May in Malahide.

An attendance of up to 17,000 are expected at the Malahide marina venue from May 20 to 22. It will be the first time the national event has taken to the water in its 50 year history.

The world's biggest boat builders Beneteau, Jeanneau, Sea Ray and Sunseeker among others have already signed up for the North Dublin event, according to the IMF.

The organisers are partnering with leading Irish boating organisations to demonstrate the many different aspects of the sport on the water with a weekend schedule of live commentary.

BJ Marine, MGM Boats, Western Marine, HM Yachts in Cork and Viking marine of Dun Laoghaire and Shannon Castle Line in County Clare are among the first of the Irish firms to express interest in the new format as exhibition details circulate through the industry this week.

The aim is to get as many class associations on the water as well as small powerboat racing such as Zzapcats, kayaking and match racing fans to stage short, sharp events on the estuary directly in front of the marina. A timetable of events will be published shortly. 

Coastguard and Lifeboat demonstrations are also planned. Technical demonstrations such as glass fibre repairs and engine maintenance are also in the line up.

Despite the coastal setting Ireland's Inland waters will feature prominently too through the Irish Boat Rental Association who will be promoting holidays on the river Shannon and Erne.

Visitors are also expected from Wales and across the Irish Sea region and special offers to both show-goers and exhibitors are being made through an Irish Sea Inter­Reg programme.

The Malahide exhibition site will feature a marine village ashore with over 500 square meters of undercover exhibit space. Show goers will get the chance to talk to the leading lights in the sport before going afloat on the marina where over 100 berths will be available.

"It's a pretty unique site that gives us the best chance to show off the marine leisure industry afloat and ashore. Because its just off the M50 and M1 motorways it means it's also so easy to get to from anywhere in the country. This will be a great day out." said the Federation's Steve Conlon.

More information from Steve Conlon on 087 6472746. Updates here on afloat.ie as the show takes shape.

Published in Marine Federation

A group of Irish investors has taken a majority stake in luxury boatbuilder Sunseeker. FL Capital Partners, based in Blackrock, Co Dublin, has partnered with Australian bank Macquaried and Haymarket financial to pay €29.9million for the controlling interest in Sunseeker, in a move dubbed by the Wall Stree Journal as a 'rare vote of confidence for a business in a sector that has been badly hit by the financial crisis'.

The consortium is no stranger to taking a gamble - it also owns the Racing Post newspaper.

The move comes despite Sunseeker slipping into the red last year. The luxury motorboat company made a pre-tax loss of £9.1m in the year up to July 2009, compared with a pre-tax profit of £17.8m in the previous year. The Poole-based company was hit with an unexpected £6.8m bill to bailout one of its distributors after they faced financial difficulties last year in addition to a £1.9 trading loss.
Despite the increasingly difficult economic climate, Sunseeker has continued to invest in new boats, with £6m spent on new moulds and the development of a deep-water dock at Portland in Dorset.

The Irish Times reports on the story here, while the Irish Independent describes the company as boatbuilders to James Bond here.

Published in Marine Trade
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