Here is the full press release Press release
It is with great sadness that I have to announce that Sea Otter Workboats Ltd has gone into 'controlled liquidation' with immediate effect. Walton Marine cancelled all future orders on the 31st March 2008 and under the instructions of our accountant we have spent the last month trying to generate sales, (open weekends and 'special offers'), unfortunately this hasn't generated any sales which means we are unable to trade forward. If we were to do so then this would be seen as fraudulent trading and none of us at Sea Otter want to jeopardise our reputation and the reputation of the product by defrauding the general public. All but one customer sale has been completed and delivered. The only boat still in build will be completed and delivered to the customer before the end of May. Sea Otters use of marine grade aluminium alloy is a great example of manufacturing innovation from a small family run business. No other narrow boat, especially cheaply built imported products, provide such a good investment as a Sea Otter. Walton Marine will continue to support owners and boats still under warranty and are able to offer a full statutory warranty on all new and ex-display boats available while stocks last. Sea Otter owners have always benefited from very high resale values and we anticipate that with limited supply, values will continue to hold up very well. We will continue to offer boat movements, servicing and facelifts, as this was a separately run company and we have use of the facility and own the vehicle and trailer. Paul Hobson Managing Director Sea Otter Workboats Ltd Press release It is with great sadness that I have to announce that Sea Otter Workboats Ltd has gone into 'controlled liquidation' with immediate effect. Walton Marine cancelled all future orders on the 31st March 2008 and under the instructions of our accountant we have spent the last month trying to generate sales, (open weekends and 'special offers'), unfortunately this hasn't generated any sales which means we are unable to trade forward. If we were to do so then this would be seen as fraudulent trading and none of us at Sea Otter want to jeopardise our reputation and the reputation of the product by defrauding the general public. All but one customer sale has been completed and delivered. The only boat still in build will be completed and delivered to the customer before the end of May. Sea Otters use of marine grade aluminium alloy is a great example of manufacturing innovation from a small family run business. No other narrow boat, especially cheaply built imported products, provide such a good investment as a Sea Otter. Walton Marine will continue to support owners and boats still under warranty and are able to offer a full statutory warranty on all new and ex-display boats available while stocks last. Sea Otter owners have always benefited from very high resale values and we anticipate that with limited supply, values will continue to hold up very well. We will continue to offer boat movements, servicing and facelifts, as this was a separately run company and we have use of the facility and own the vehicle and trailer. Paul Hobson Managing Director Sea Otter Workboats Ltd Ann Ann and Iain Street NB Gamebird; One tenth NB Copperkins11 Web site http://www.nbgamebird.co.uk Scottish Inland Waterways Association - http://www.siwa.org.uk Bridge 19-40 Canal Society - http://www.bridge19-40.org.uk
