Print Page | Close Window

Boat Share

Printed From: BMPT Forum
Category: General Discussion
Forum Name: The Trust
Forum Description: Discussion about the Trust
URL: http://www.bmpt.co.uk/forum_posts.asp?TID=104
Printed Date: 26 March 2026 at 7:23pm


Topic: Boat Share
Posted By: dgray
Subject: Boat Share
Date Posted: 06 February 2006 at 5:28pm

I've been thinking about buying an old ASR boat and restoring it (as I'm sure many others have). It has slowly dawned on me that, no mater how I try, a 60 something foot boat project is more than one man (this man anyway) can handle.

There seem to be a lot of people out there interested in old boats but everyone else seems to have figured that they cannot do it on their own.

A solution would be a  boat share scheme where a group of like minded souls club together and buy & maintain an old boat. This would make it affordable, fun and everyone could enjoy and learn something.  By putting our hands in our pockets, it might even ensure commitment.

I know boat sharing has been done before but I'm not sure if a scheme like this has.  If course there would need to be all sorts of agreements / articles  etc drawn up and a hundred other things that need to be sorted out but it is possible.


My questions are:

1. Has anyone had experience of this type of ownership and could they offer any (positive!!) advice.

2. Is anyone interested in the concept.


Thanks

 

-------------
Don


Only a number, not even a name. How shall posterity hear of thy fame?



Replies:
Posted By: Christian
Date Posted: 06 February 2006 at 9:04pm

Hi Don

My brother Michael was until recently a member of a group of eight like minded folk who between them owned a Tripp racing yacht.This was used for racing and was a relatively low maintenance plastic (yuk) boat.They had all agreed to buy it between them and share the expenses and maintenance,but it all came to an end when only a couple of them were willing to carry out simple maintenance tasks and check her during storms etc.She was sold and the story ends there,but the lesson was that hands-on types should only mix it with more well to do proffessional types if they are willing to contribute to maintenance by hiring people to do the things they can't.On the other hand my retired 81 year old dad owns and maintains his HDML,MA/SB and RTTL very well all by himself,but I think this must be the exception to the rule!



Posted By: dgray
Date Posted: 06 February 2006 at 9:31pm
Hi Christian,

Agreed. Always the way I'm afraid but there must be ways around this. Perhaps built into the charter where guys with money & no time pay up for hours missed on maintenance (or pay for others or yard to do it).
 
I think a system like this needs both types of people to work. It's striking a balance that is important.

In the morning I'd love to buy 2753 as she is a beautiful boat. I've sold a little boat and could probably afford to buy her but that is the easy part. 

Engines/paint/nav gear/batteries/fitting out........ add another £20-30k.  Still not a lot for a boat like this but getting really expensive for one chap.

Then there is insurance and mooring - about £5k per annum plus running maintenance of another £5-10k.  Maybe more if boat is overseas and yard is doing maintenance.

Even then a wooden boat needs maintenance and care.  And a crew to enjoy her.  She is too big for one or 2 people to manage and maintain.    That's why I got the little ST to restore.

I'd say 10-12 people would be ideal.   If enough people were interested I'm sure it could be done. Look at Medusa and the commitment those guys have.

And lets face it, the idea of an ST, MTB or RTTL would not be our wives or partners idea of a sleek yacht!  Getting time aboard might be difficult!!

Money, commitment or preferrably both!  Now, the next lottery is Wednesday......




-------------
Don


Only a number, not even a name. How shall posterity hear of thy fame?


Posted By: a76njk
Date Posted: 24 February 2006 at 3:21pm

Hello all,

Mentioned above is RTTL 2753. Where is she, what sort of condition is she in and how much does the owner want for her?

This is the type of boat that I may be looking for myself.

Cheers, A76NJK



Posted By: Christian
Date Posted: 24 February 2006 at 3:30pm

Hello,erm..A

RTTL 2753 is in Gibraltar.Bare,original,sound except work to be done on planking next to gunwhales.Price £10k,I put a pic of her in Where are those boats now topic,HSL 2745 post.Otherwise see many more pics of her and others on my www button below.



Posted By: 2772e
Date Posted: 11 April 2006 at 3:01pm

David,

I have been watching the story of the RTTL unfold. I would love to put my hand in pocket and join forces to ensure this vessel is saved and put to good use.I sold my boat last year, due to young kids and would love to get back onto the water.I have had a crazy interest in RTTL's for the last 25 years ever since a visit to RAF Hendon as a boy.If you get enough interest i would be happy to join you. Might be worth trying for a grant to restore a part of British history. Please keep me in the loop



Posted By: dgray
Date Posted: 11 April 2006 at 3:48pm
Hi,
It certainly would be interesting to do if enough people were involved ands interested. It would obviously need a lot of planning and money to get it afloat and based in the UK.

It would be great if anyone interested in a boat share scheme (not necessarily this one)  would put a reply up here so interest could be gauged.

Cheers

Don





-------------
Don


Only a number, not even a name. How shall posterity hear of thy fame?


Posted By: Christian
Date Posted: 11 April 2006 at 4:07pm

Hi Guys

Can't join in as I'm too far away,but I can supply the boat.My dad has just told me he'll let RTTL 2753 go to an enthusiast (or a group of enthusiasts) for a song,try him with an offer of around £6,000.00.The boat has been worked on for the last year and is now looking a lot better(I'll post a recent pic tonight) it may well be worth your while to find out how much it would cost to have her shipped over(try Peters and May).She still has no engines but as far as I know the Mermaids are still available for a similar figure,they could be craned into the boat and chocked securely for the trip,then installed properly once there.The boat really is very clean and sound,just the upper edges of the topsides planking would require a shipwright to fix,the rest is all DIY-able.



Posted By: Christian
Date Posted: 11 April 2006 at 6:02pm

Recent pic as promised



Posted By: dgray
Date Posted: 11 April 2006 at 6:10pm
Hi Christian, She looks good.   Do you have any photos of damage and/or the interior? 

I'd certainly be interested if any others were in buying her & bringing her back.

Anyone interested in forming a group, my number is 07785 232346.

Regards

Don



-------------
Don


Only a number, not even a name. How shall posterity hear of thy fame?


Posted By: Christian
Date Posted: 11 April 2006 at 6:13pm

Hi Don

I'll get busy with the camera tomorrow.

All The Best,Christian



Posted By: dgray
Date Posted: 11 April 2006 at 6:24pm
Thanks Christian.  You can email them to don@rania.co.uk if you wish.
 

-------------
Don


Only a number, not even a name. How shall posterity hear of thy fame?


Posted By: dgray
Date Posted: 11 April 2006 at 6:25pm
I put my mobile number on last email. It rarely works aroiund the house here.

My other number is 01842 829000. 

 Sorry for any confusion.

Regards

Don


-------------
Don


Only a number, not even a name. How shall posterity hear of thy fame?


Posted By: Christian
Date Posted: 12 April 2006 at 6:15pm

Interior shots of Flywood and an example of damaged topsides planking below deck edge 



Posted By: dgray
Date Posted: 22 May 2006 at 9:41pm
Hi Christian,

Glad she's sold to a group to restore. It's really the only way forward for bigger craft as I think very few individuals can afford to restore ( and crew) a big old service boat. 

I know I am banging this drum a bit but boats are being lost because individuals care enough to try to save them. They buy a boat to save,eventually  run out of money/time and the boats start to rot as no one else except perhaps trusts or museums can afford to take them on.

I've had few prople calling me, enquiring about setting up a group to buy an old boat to restore and use.  I suggest the same ownership lines as a modern boat share but everyone has 52 weeks of the year ( we need a crew!!).  Everyone owns their share which can be bought and sold so ownership can change over time and a value put on the investment.  Threre is no reason that other people couldn't join as non paying members and enjoy trips and work parties.  It should be a social project with social outings.

My ideal plan would be to get a group of 10 or 12 and agree to buy a boat (say a HDML/Pinnace or similar) and refit it to a safe original (exterior) condition with modern navaids.   

 I know  MTB's and other fast craft are (much) more glamorous but a HDML can run forever on her old Gardeners (and they are still available from time to time).  I did some basic research on big diesels for an MTB  - 1000hp or more and  the cost was frightening - £60,000 to £120,000.   A bit too rich for me.

I think it possible for £10k-12k each to do this boat share.   Maybe a lot less.  There are currently a few hdml's for sale in fair to good condition (thanks for the info!).  Running costs of £2-3k each should cover basic maintenance/ moorings and insurance.

I think there are quite a few people who would be interested in setting up a group like this near where they live. If they want to email me, I'll happily put them together both regionally or by craft.

I'm in mid Norfolk but I'd be interested in a boat on the East coast, in Essex/Suffolk/Norfolk counties.  

My email for anyone interested is  don@rania.co.uk
If you are interested in starting/joining a group as an owner or as a helper then please email me.  Also, if you have a boat to sell please email me (confidentially if you like).  I'll try to put you together.

If I get some emails, I'll set up a new forum for interested parties.  I'll also be willing to advertise in some boat magazines as there are a lot of people who might be interested who know nothing of the trust and the forums.   If (in any advert) I refereed to the forum the trust might get a load of new members.   Just a thought.


Apologies for the long message.
Regards

Don



-------------
Don


Only a number, not even a name. How shall posterity hear of thy fame?


Posted By: Christian
Date Posted: 23 May 2006 at 7:38pm

Hi Don

Flywood is sold.

Looks like a buyer for the ST in "Where are those boats now"-Bobster is looking for one.

Dad has finally agreed to take offers on the MASB,he says meet him halfway at £42500 and you have a deal.Come and take her out for a spin,you will leave the proud owner of the finest remaining example of a Whaleback,no question.Also she can travel from here to wherever you like on her own keel,no problem.

Regards,Christian



Posted By: S R Wilson
Date Posted: 22 January 2007 at 12:14pm

Hi All,

Just to put in my twopenneth about boat ownership! I think that the real problem is a bit like being a school boy wanting to be a train driver, (showing my age I know) we see ourslves doing all the great things, driving the loco,or standing on the bridge with the power on and all that goes with that immage. That is great when it happens BUT it takes a hell of a lot of blood sweat and tears to actually get  there. Blood sweat and tears also equates to a lot of money, not to buy the boat in the first place, though that is not cheap but if you start to add up the running costs..........well just don't or you won't be able to afford it.

Very few of us are suffuicently well heeled to go out and buy a WW2 boat and then just pay someone else to maintain it for us. In any event that may not be the best enjoymentof what we have, so we have to attack it another way.Don's idea of volenteers paying OR working OR both is not one that I have seen before but it sounds good to me.

If we take the view and I do, that these boats deserved to be preserved in working condition then it seems to me that Joiunt Ownership is the only way forward. That is the only way the I can see myself as an ordinary working individual being able to fulfill the dream of being aboard the boat my dreams, an MTB at full speed on open water.

That of course is a selfish view. However preservastion like this is also the only way, in my view, to keep history alive, intresting and relervant.

So what is the point of this waffle well simply to say I think Don has a great scheme and that it should be supported.



-------------
SRW
"Never yield to force; never yield to the apparently overwhelming might of the enemy" WSC.



Posted By: a76njk
Date Posted: 24 January 2007 at 3:26pm

Hello,

I have just read through the previous entries and thought I may add my tuppence worth. I have just bought RTTL 2751 Phoenix and intend to restore her to original external condition with a modern comfortable interior and navigation suite. I sold my house to buy her so the interior will be for me to live in when I return to England on a weekly basis (I work in Guernsey) and 2751 will be based at Brighton Marina after the refit.

As mentioned by Dgray and others purchasing and maintaining a large timber built boat is very expensive. She will also be re-engined to deliver original performance meaning further expense (currently looking at 2 x 1400hp Detroit Diesel 2-strokes for the job, £30,000 for the pair!). The only way I can see to offset this cost is to allow her to pay for herself in the form of charter trips, which is something a charitable trust cannot do. 

Another way of raising funding for the refit is simply raising a mortgage on the vessel. The mortgage companies require an out of water survey which is something that at present cannot be offered due the her being on a tidal pontoon mud birth. Should anyone have dealings with a sympathetic mortgage company that deals with wooden boats then please let me know. I know of two but its good to get a spread of information.

Given the passion expressed about saving historic craft on this website and others I expect there to be quite a few people that would gather a group of 12 to charter a boat such as this for a day trip to France or just a spin around the bay at high speed.  There is also the possibility of film work and invites to boat shows, regattas etc. to further mitigate expenses. I also believe the general public will show an interest as this is likely to be a unique offering in Britain.

She is currently in Porchester and will be motored to Guernsey for the refit quite soon. We are waiting for a spell of decent weather for the move. If any of the forum members are based in Guernsey please look me up. She will most likely be based in St. Sampsons marina on the Bosom or nearby when room permits.

2751 Phoenix is currently on a private birth in Porchester and the yard owner takes unkindly to uninvited visitors but if anyone is interested she can be viewed from the Wicor playing fields.

A76NJK

 

 



Posted By: 2772e
Date Posted: 24 January 2007 at 7:13pm

A76NJK

When she is finished or even back in the uk i for one will definatly want a trip and the like.

Great to see someone restoring sympatheticly. Cant wait.



Posted By: Mike taylor
Date Posted: 08 March 2007 at 5:55pm

Hi everyone

I have just taken on the role of editor of 'Yardarm' which is a regular news section attached to the BPBT web site

If anyone has a story of a restoration project, boat share or someone who owns and runs a craft we can feature please let me know with details and pics if possible please

 

Mike Taylor

email: mailto:bridgerway@yahoo.co.uk - bridgerway@yahoo.co.uk

 

 

 



Posted By: stickytoria2002
Date Posted: 25 January 2008 at 4:02pm
Originally posted by dgray dgray wrote:


I've been thinking about buying an old ASR boat and restoring it (as I'm sure many others have). It has slowly dawned on me that, no mater how I try, a 60 something foot boat project is more than one man (this man anyway) can handle.

There seem to be a lot of people out there interested in old boats but everyone else seems to have figured that they cannot do it on their own.

A solution would be a  boat share scheme where a group of like minded souls club together and buy & maintain an old boat. This would make it affordable, fun and everyone could enjoy and learn something.  By putting our hands in our pockets, it might even ensure commitment.

I know boat sharing has been done before but I'm not sure if a scheme like this has.  If course there would need to be all sorts of agreements / articles  etc drawn up and a hundred other things that need to be sorted out but it is possible.


My questions are:

1. Has anyone had experience of this type of ownership and could they offer any (positive!!) advice.

2. Is anyone interested in the concept.


Thanks

 


-------------
stickytoria


Posted By: Pioneer
Date Posted: 25 January 2008 at 5:57pm
What point are you making here 'stickytoria'?

-------------
Pioneer - Forum Moderator


Posted By: Mike taylor
Date Posted: 29 January 2008 at 11:49am

Sounds like a good idea but suggest you look into the problems experienced by the Trust itself over managing/restoring/funding boats.

You may also like to talk with Richard H in the first instance to get his spin on boat share management. 

M



Posted By: tramontana
Date Posted: 29 January 2008 at 2:06pm
Positive advice on boat share? don't do it, yes it sounds good but it is a minefield because it is in your best interest to get everything down in writing and signed, that in itself can cause problems, as these days people seem to be reluctant to sign anything, I have just read in a boating mag that one of the large boat-share companies has just gone down the pan in a big way and from what I can remember the "misunderstanding" over the length of the lease on the Husband's yard started the problems at B.M.P.T. as nobody appeared  (from what I understand) to have signed a legally binding agreement, in today's World verbal agreements and a shake of the hand are in  most  cases a waste of time unfortunatly it  sad to say.


Posted By: clive
Date Posted: 29 January 2008 at 7:35pm
Yes Ron, I think that was the challenger syndicate, they operate here on the Broads.

-------------
masbie something in the water.   www.freewebs.com/masb32/



Print Page | Close Window