Peters Opal business rescue
Financial services firm KPMG has announced that the boat sales and brokerage business of Peters Opal, which filed for administration on August 14, has been bought by a newly formed company that will trade as Opal Marine. The sale of the Chichester, Brixham and Swanwick dealerships will save some 30 jobs.
A sale has also been completed for BA Peters’ Chichester-based boat lifting and storage business. KPMG has confirmed the sale to Premier Marinas, which owns and operates seven marinas across the UK’s south coast, including Chichester Marina. In addition, the administrators have accepted offers, subject to contract, on the Chichester chandlery and the operation based at Ipswich Marina. Negotiations for the sale of the ‘Port to Port’ business are ongoing.
Opal Marine will remain headquartered at Chichester Marina.Earlier today Bavaria announced that a new company, Clipper Marine, formed by three former managing directors at Peters Opal, was to become its dealer in the UK.
Island Packet Yachts, another brand formerly carried by BA Peters, appointed Premier Yacht Sales as its new dealer representative for the UK, Ireland and the Channel Islands, at the end of August.