trader yachts administration

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Trader is sold to a UK conglomerate

Famous British marque is back

The Tarquin Boat Company, the firm behind the Trader range of motoryachts, has been sold for £440,000.

MBY can reveal a UK conglomerate of investors calling themselves the Trader Boat Company Ltd bought the business, with the deal concluded late on Friday 24 July.

Tarquin appointed administrators Portland Business and Financial Solutions to find a buyer for the company in June.

It is not known who is behind the acquisition.

“The conglomerate was set up as a vehicle to acquire the business,” explained a spokesman for Portland. “There are a number of investors behind it.

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“There was a bidding process and various parties expressed an interest. Theirs was the highest offer on the table.

“They took on the business as of Friday evening. It was quite a drawn out process. We hoped to conclude in the early part of July, but the size of the funds involved and the fact that they were coming from different parts of the UK meant it was a challenge to coordinate for them.”

One of the first things the new owners will look at is the ongoing build of Trader’s new models, as well as ensuring customer builds in process are continued.

Trader’s yachts are built in Taiwan and China by separate and independent firms who have continued to make boats for other brands.

The Chappell family are expected to make a statement in the coming days. Tony Chappell started the Trader marque 30 years ago and has sold boats worldwide from his base in Emsworth, Hampshire.

Watch MBY.com for more on this story.

Click here for our original story on Trader in administration  .

www.tradermotoryachts.com  

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Boat Trader's Ownership: Who's At The Helm?

• Last updated Sep 20, 2024
• Difficulty Intemediate

• Category Boating, Pedalos and Punts

Boat Trader is a Miami, Florida-based website in the marine classified segment aimed at the US market. It was launched in 1996 as the online counterpart to Boat Trader Magazine. Boat Trader is part of the Boats Group family of classified advertising sites and web services solutions. Boats Group is owned by the Permira Funds, and is based in Miami, Florida, United States, with co-headquarters in Fareham, England, and additional offices in Padova, Italy, and Barcelona, Spain.

What You'll Learn

Boat trader is owned by boats group, boats group is owned by permira funds, boat trader is the leader in marine classified advertising, boat trader has a large consumer audience, boat trader is based in miami, florida.

Boat Trader is a Miami, Florida-based website in the marine classified segment aimed at the US market. It was launched in 1996 as the online counterpart to the Boat Trader Magazine, which was in circulation across the United States. In 2006, the magazine and website joined forces to offer boat dealers and private party sellers a print and online solution for boat sales.

For almost three decades, Boats Group has helped its industry partners sell boats faster and provided unmatched support with a comprehensive suite of online business solutions. These include proprietary web-based contract management tools and premier digital marketing strategies and services.

Boats Group is owned by the Permira Funds and is based in Miami, Florida, with co-headquarters in Fareham, England, and additional offices in Padova, Italy, and Barcelona, Spain.

Boat Trader is the largest online boating marketplace in the US for buying and selling boats, engines, and personal watercraft. It offers unique display advertising options on boat detail pages, blogs, and e-newsletters to build brand awareness and product knowledge. With an average of 8 million views each month, Boat Trader's listing pages provide a highly targeted landscape to reach active prospects.

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Boat Trader is a Miami, Florida-based website in the marine classified segment aimed at the US market. It was launched in 1996 as the online counterpart to the Boat Trader Magazine, which was in circulation across the United States. Boat Trader is part of the Boats Group family of classified advertising sites and web services solutions.

The Boats Group's brands, including Boat Trader, YachtWorld, boats.com, iNautia, and Botentekoop, among others, are the world’s leading online boating marketplaces. For almost three decades, the group has helped marine retailers sell boats faster and convert shoppers into buyers. Through a comprehensive suite of digital business solutions, including web-based contract management tools and digital marketing strategies, the Boats Group delivers unmatched value to its industry partners.

The Boats Group is owned by Permira Funds and is based in Miami, Florida, in the United States, with co-headquarters in Fareham, England, and additional offices in Padova, Italy, and Barcelona, Spain.

With a strong presence in the marine classified advertising segment, Boat Trader offers a dedicated platform for boat buyers, sellers, and dealers to connect and conduct business. The company's commitment to its dealers and end-users is evident through its sales generation and the continuous development of new products that enhance the boat-buying and selling experience.

By leveraging the power of the internet and its online presence, Boat Trader has solidified its position as a leader in the marine classified segment, connecting a vast global audience of boat enthusiasts with top sellers and manufacturers.

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In 2006, Boat Trader Magazine and BoatTrader.com joined forces to offer boat dealers and private party sellers a print and online solution for boat sales. By 2010, with increased market demand for online boat listings, the company shifted its focus exclusively to the internet. This transition reflected a broader trend in the industry, as Boat Trader's competitors, such as Dominion Enterprises and YachtWorld, were also primarily online enterprises.

Today, Boat Trader is America's largest online boating marketplace, boasting a monthly audience of 9 million visitors and generating over 30 million page views. Boat Trader's success can be attributed to its ability to connect boat buyers with sellers and dealers. The website provides a platform for companies to advertise directly to their target audience through various advertising options, including display advertising and strategically placed text links.

As part of the Boats Group family, Boat Trader is affiliated with other leading online boating marketplaces, including YachtWorld, boats.com, and Boatshop24. Boats Group, owned by Permira Funds, has helped marine retailers sell boats faster and convert shoppers into buyers through its comprehensive suite of digital business solutions and marketing strategies. With its dedication to providing results and innovative product development, Boat Trader has solidified its position as the leader in marine classified advertising.

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Boat Trader has established itself as a leader in the marine classified advertising segment, catering to a vast consumer audience. With its headquarters in Miami, Florida, the company was launched in 1996 as the online counterpart to Boat Trader Magazine, which was in circulation across the United States. Recognised as America's largest online boating marketplace, Boat Trader boasts an impressive average of 9 million visitors each month, attracting boat dealers and private party sellers nationwide.

The website's success in connecting buyers and sellers is evident through its high traffic and engagement. On average, Boat Trader receives 1.7 million visitors and over 30 million page views monthly, providing a platform for companies to showcase their offerings through display advertising. The site's listing pages, attracting 8 million views monthly, present a strategic avenue for marine businesses to reach prospective customers actively navigating the sales process.

Boat Trader's dominance in the marine classified segment is further reinforced by its commitment to innovation. The company actively develops new products and features to enhance the user experience, making it easier for consumers to find and purchase inventory. This focus on product development ensures that Boat Trader remains at the forefront of the industry, solidifying its position as the go-to platform for boat buyers, sellers, and dealers alike.

As part of the Boats Group, Boat Trader benefits from a strong network of classified advertising sites and web services solutions. The Boats Group, owned by Permira Funds, has a global presence with co-headquarters in Fareham, England, and additional offices in Padova, Italy, and Barcelona, Spain. Through this extensive network, Boat Trader connects with a diverse audience of serious boat buyers and top sellers, solidifying its position as a leading platform in the boating world.

Boat Trader's strong consumer audience and industry recognition have led to numerous partnerships and initiatives. In 2021, Boat Trader launched "Stomping Grounds," a documentary-style video series featuring local boaters and celebrities across America. This award-winning production aired on streaming television, showcasing unique boating cultures and destinations. Boat Trader's ability to engage and expand its audience has solidified its position as a trusted and influential platform in the boating community.

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Miami's strong boating culture and diverse boating options make it an ideal location for Boat Trader. The city offers a wide range of boating activities, from offshore fishing to cruising and exploring the nearby sandbar. Miami is also home to numerous boat dealerships, including MarineMax Miami, which has been serving the community for over 30 years. The city's boating industry is a significant contributor to its economy, attracting tourists and boating enthusiasts from around the world.

As a Miami-based company, Boat Trader has a deep understanding of the local boating market and the needs of its dealers and end-users. The company's commitment to providing results is evident in its aggressive development of new products and services that make buying and selling boats more accessible and efficient. Boat Trader's online platform, BoatTrader.com, has revolutionized the way boats are bought and sold, connecting dealers and private sellers with a vast consumer audience.

The decision to base Boat Trader in Miami reinforces the company's dedication to the boating industry and its desire to be at the heart of the action. Miami's vibrant marine community and cultural diversity make it a hub for boating enthusiasts and a perfect location for Boat Trader to continue its legacy of connecting buyers and sellers, fostering growth in the boating industry, and contributing to the vibrant marine culture that Miami is known for.

With its headquarters in Miami, Florida, Boat Trader has positioned itself at the epicenter of the state's boating industry. Florida, known for its extensive coastline and year-round sunny weather, has a strong boating culture, making it the ideal location for Boat Trader to connect with its target audience and serve the needs of the boating community.

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Frequently asked questions.

Boat Trader is owned by Boats Group.

Boats Group is owned by Permira Funds.

Boat Trader is based in Miami, Florida, with co-headquarters in Fareham, England, and additional offices in Padova, Italy, and Barcelona, Spain.

Boat Trader is an online marketplace for buying and selling boats, engines, and personal watercraft. It is the largest online boating marketplace in the US.

Boat Trader was launched in 1996 as the online counterpart to the Boat Trader Magazine.

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TRADER MOTOR YACHTS LIMITED

Company number 06932235

• Company Overview for TRADER MOTOR YACHTS LIMITED (06932235)
• Filing history for TRADER MOTOR YACHTS LIMITED (06932235)
• People for TRADER MOTOR YACHTS LIMITED (06932235)
• More for TRADER MOTOR YACHTS LIMITED (06932235)

Last accounts made up to 30 November 2017

Nature of business (SIC)

• 30120 - Building of pleasure and sporting boats

• Boats for Sale

New and used Trader boats for sale

• United Kingdom
• Trader 41+2
• Trader 41+2 Sundeck
• Trader 535 Signature
• Trader 54 Sundeck
• Trader 575 Sunliner
• Trader 575 Sunliner Signature
• Trader 58 Sunliner
• Trader 625 Sunliner
• Trader 72 Tide Chase
• Trader Explorer
• Trader Sunliner

Search all our new or used Trader for sale. We have Trader brokers and sellers from around the world at great prices.

History of Trader

Trader Yachts, originally established as Kha Shing Enterprises Co., was founded in 1977 in Taiwan. The company initially focused on building yachts for various markets around the world, quickly garnering a reputation for quality craftsmanship and seaworthiness. Over the years, the company evolved, and its yachts became known as Trader Yachts in the UK, reflecting a shift towards customization and luxury in their product range.In the early 2000s, Trader Yachts became synonymous with bespoke motor yachts, particularly favoured in Europe for their robust build and classic design. Key to their success was their ability to combine traditional boat-building techniques with modern engineering advancements. This allowed them to offer yachts that not only exuded timeless elegance but also performed admirably in various maritime conditions.Today, Trader Yachts continues to operate from its original base in Taiwan, while maintaining a significant presence in the UK through Trader Motor Yachts Ltd. Their production now includes a range of semi-displacement and planing motor yachts, reflecting a blend of tradition and innovation. The company's yachts remain highly regarded in the marine industry for their reliability, luxurious interiors, and attention to detail.

Which models do Trader produce?

Trader produce a range of boats including the Trader 41+2 , Trader 54 , Trader 54 Sundeck , Trader 54 Sunliner and Trader 595 . For the full list of Trader models currently listed on TheYachtMarket.com, see the model list in the search options on this page.

What types of boats do Trader build?

Trader manufactures a range of different types of boats. The ones listed on TheYachtMarket include Motoryacht , Cruiser , Flybridge motor cruiser , Aft cabin and Trawler yacht .

How much does a boat from Trader cost?

Used boats from Trader on TheYachtMarket.com range in price from £50,000 GBP to £546,000 GBP with an average price of £183,000 GBP . A wide range of factors can affect the price of used boats from Trader, for example the model, age and condition.

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• Motor Boat Forum

Looking at Traders: mad, or what?

• Thread starter MapisM
• Start date 15 Jul 2016
• 15 Jul 2016

Well-known member

Well I don't think the sea bed of the world's oceans are littered with sunken Traders so they can't all have been bad. Surely any half competent surveyor could spot a disastrous one?  

Sandy Bottom

Active member.

I don't think that you are 'mad' Mapism - you're being realistic. For a large high volume boat there are some relative bargains amongst the Traders if (like me) you looking for 'normal' size living space as per a cottage rather than short-term holidaying. I did hear a report from someone 'in the trade' (he posts on here so I won't embarrass him) that in tough conditions they can be roll to the extent of wondering if you're ever going to get back - but they mostly seem to! But I think that you would have to be realistic and accept that any Trader you bought now is already old and in 10 - 15 years time might be almost worthless (base value) - I have been watching them for a couple of years and there are lots of them on the market, some having been there a long time! That 70' one has dropped a lot - lot of volume for the dosh! Steve  

I have my eye on a 535 that's local. She's gorgeous afaik. I don't think you are mad at all.  

admillington

MapisM said: Before anyone mention it, yes, I do remember Paul's (Gludy) saga with the purchase of Ocean Deep, a brand new Trader 575 which turned into one of his worst boating nightmare about 10 years ago. And IIRC, while some (most?) of his troubles were connected with the UK importer/distributor of the thing, he also had several complaints related to construction quality, which obviously have to see with the actual Taiwan builder (Kha Shing) and therefore potentially affecting all of their boats, regardless of how poor/good the commissioning and post-delivery support can be. All that said, I came across a few of their 535 and 575 models (basically the same boat, the latter being 1m longer) which are for sale, and I must admit that they look appealing in some ways, particularly in terms of internal spaces and liveaboard usage. Ok, appealing in aesthetic terms they surely aren't - in this respect, they are possibly the worst of all boats I recently considered - but that ain't a big issue for us. And they are nowhere near as fast as pure P boats of course, but if I were interested in cruising speed I would have been wrong for my last 15 years of boating... ...OTOH, most Traders are fitted with stabs, which are practically impossible to find in any 10+ years old P boat. So, bearing in mind what I said at the beginning, and considering that with used boat the lack of dealer support/warranty is not a problem anymore, I'm wondering if I'd better forget Traders no matter what, or if they are worth a look, after all. In fact, I've never seen one in flesh, and unfortunately none of those for sale are within easy reach. Bottom line, back to the thread title: what do you guys think? Mad, or what? Click to expand...

https://youtu.be/UWSBWTLOqSo Great looking boats i think (youtube link of one above), but you can see that they have a tendency to roll.  

MapisM +Treader+ Med = Mad  

Deleted User YDKXO

Not mad M, you just have to understand what you're getting. I had a friend who had a Trader 41+2 in the UK and I went on it many times. On the plus side it was incredibly roomy both inside and out. A real party boat. Also on the plus side it was really easy to get around on the outside with wide side decks and an enormous cockpit. The teak inside was also superb although very classic in style. On the minus side it was slow even with quite large engines and as a result thirstier than a similar size of planing boat. IMHO its the kind of boat you'd mostly drive at D speeds and only use P/SD speeds when you really need to otherwise you'll be burning a lot of fuel. It also kicked up a lot of spray and we used to joke about our friend having to wear waterproofs when helming from the flybridge when the rest of us were wearing tee shirts.. Also it rolled a lot even at planing speeds. This Trader didn't have stabs but I would think they are almost essential. I don't recall my friend having any particular reliability issues with his boat although he wasn't very happy with the stainless steelwork which was substandard and starting to corrode. Needless to say, Mr Chappell was not remotely interested I believe that Traders still have a good following in the used market so certainly plenty of people like them  

I owned a Trader 575 for quite a few years I had no major complaints with it as regarding sea keeping. At the end of the day its a semi displacement hull its going to roll a little, and they are reasonably economical at displacement speeds. I crossed the bay of Biscay non stop from Guernsey to the Med with no worries. I also have delivered numerous Traders from the 41+2 to the 70ft out to the med and back to the UK and the only one which needed stabilizers was the 70ft. I have crossed the Bay of Biscay with a 575 in an uncomfortable force 6 to 7 with no real concerns. The best of the lot for water line length and sea keeping seemed to be the 47ft . All in all I would have another one if I could afford one.  

• 16 Jul 2016

Nigelpickin

Nigelpickin said: Ocean spirit seems to be getting slightly better than 1nm per G and that's pushing 8.5 to 10kts but it's a huge boat and ima sure the numbers will be better once we've stopped having to rush. Click to expand...

Very often today's motors boater brought up on fast planing hulls have never experienced displacement or semi displacement cruising and comparing the two is a little unfair. It is totally different, many sailors giving up sailing for MBs look towards trawler yachts like the Trader because of the sea keeping. Up until the mid 10s they were built to a price and sometimes the materials used where substandard but most of the time since then the stainless has been to a high quality. Tony Chappels quality control was never great but certainly since it is a much better. The worst sea keeping boat though badged Traders were in fact not Traders i.e. the 70ft was a Kai Shing unsold to another marque. the 65 ft ans 58 were Presidents re badged.  

iledesprit said: Up until the mid 10s they were built to a price and sometimes the materials used where substandard but most of the time since then the stainless has been to a high quality. Tony Chappels quality control was never great but certainly since it is a much better. Click to expand...

Nigelpickin said: The main concensus point of the trip between Ann and I is that we are absolutely going to buy a displacement or SD boat next time round; just had no idea how much we would enjoy the relaxed pace; you live and learn Click to expand...

MapisM said: @ Deleted User: do you remember when your friend's Trader was built, just for comparison with the one Nigelpicking mentioned? Click to expand...

iledesprit said: Very often today's motors boater brought up on fast planing hulls have never experienced displacement or semi displacement cruising and comparing the two is a little unfair. It is totally different, many sailors giving up sailing for MBs look towards trawler yachts like the Trader because of the sea keeping. Click to expand...

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• 22 Aug 2024

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About Trader

Trader Motor Yachts is based in Southampton, UK, specialising in recreational cruisers.

Popular models inlude:

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Yacht Engaged in Trade

Yacht engaged in trade or “yet” is a mechanism whereby non-eu resident owners operating yachts of over 24 metres predominantly on a private pleasure basis, can undertake limited charter..

Although the yacht may cruise freely throughout the EU on a private pleasure basis, charter activity can only commence in France or the Principality of Monaco. Discussions are ongoing with the Italian authorities to enable charters to also start in Italy however no imminent resolution is expected.

The period of charter is limited to 84 days per year although the yacht must maintain full commercial compliance all year round and can expect to be inspected by the authorities as such.

Traditionally utilised by Temporary Admission (“TA”) yachts, under the YET scheme the 18-month clock is frozen for periods of commercial use. Owners of VAT paid yachts are also eligible to operate under the YET scheme which is available under both Marshall Islands and Cayman Islands flag registrations.

Historically yachts operating under the YET were able to charter to both EU and Non-EU resident charterers however, the introduction of the new Union Customs Code in 2017 lead to various interpretations around the subject of EU residents onboard yachts operating under Temporary Admission.

In 2018 we saw the Spanish authorities leading the way following the omission of the specific reference to “private purposes” in the new Code; this resulted in the understanding that yachts undertaking charter activity could only charter to non-EU residents. There are conflicting reports in relation to France however in the absence of clarity, charter activities under the YET scheme in France are limited exclusively to non-EU residents.

For a Non- EU owner who wants the freedom to operate privately with the occasional charter then this could be attractive. One such market could be US owners wishing to cruise for a season in the Med without the need to put in place alternative structuring arrangements. For owners who want to charter their yacht for several weeks every year then a full commercial structure would still seem to be the most appropriate option.

All details are correct at the time of publishing.

Please note that this article is intended to provide a general overview of the matters to which it relates. It is not intended as professional advice and should not be relied upon as such. Any engagement in respect of our professional services is subject to our standard  terms and conditions  of business and the provision of all necessary due diligence. © Praxis 2023

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