We cemented our passion for the canals by taking a share on Sylph - an ownerships managed boat, so it is with a lot of sadness I read of fear of financial problems since Allen Mathews death. A flavour of the building frustration at a request to attend a meeting without advanced information can be found here...
I really do hope that all the pre paid management fund money is secure and owners can have their holidays as planned. I do get a feeling of financial over exposure, not dissimilar to the boat builder who uses the most recent persons deposit and first stage payment to complete the build of the last customers boat. Cash flow or lack of can kill a business overnight. I always fear for businesses that rely on the charisma and drive and ambition of the owner.
I think we can only watch this space - and more close to home for me the recent developments at Fradley junction.
All my speculation I should say, nothing above is based on anything other than my reading between the lines.
We are off.
8 hours ago