Kidderminster-based Sealine enters administration

First published in Local
Last updated
Kidderminster Shuttle: Photograph of the Author by , Reporter

LEADING Kidderminster luxury-boat builder Sealine has gone into administration.

The company, based on Whitehouse Road, off Worcester Road, employs about 300 people and manufactures boats and yachts. Graham Bushby and Guy Mander of Baker Tilly Restructuring and Recovery have been appointed joint administrators.

Mr Bushby said: “Sealine has been an important employer in the area over a number of years. We appreciate that there will be great uncertainty among staff and we will endeavour to update them at the earliest opportunity.

“We will also be working to maximise recoveries for the company’s creditors, which includes the sale of plant and recovery of monies owed to the business.”

Sealine, which began trading in 1972, was part of the Brunswick corporation for more than 10 years before being bought by the American Oxford Investment Group in September 2011.

One month later, it was announced 37 jobs at the firm were to be axed and in February 2012 another 72 were lost.

Earlier this month the owners said it was “business as usual” after announcing they were looking to “recapitalise the business” and did not rule out putting it up for sale.

Comments (21)

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3:43pm Tue 30 Apr 13

stour67 says...

More Tory polices doing there damage,sorry for the job loses,how many more jobs are going to be lost through this grim reapers called osborne and co.
More Tory polices doing there damage,sorry for the job loses,how many more jobs are going to be lost through this grim reapers called osborne and co. stour67
  • Score: 0

9:47am Wed 1 May 13

Respectable says...

I thought this was more to do with poor American Owners / Investors and a global market slow down.

Not really a Tory / Coalition issue.

Irrelevant really though as it's the poor working man and their families that will suffer again.
I thought this was more to do with poor American Owners / Investors and a global market slow down. Not really a Tory / Coalition issue. Irrelevant really though as it's the poor working man and their families that will suffer again. Respectable
  • Score: 0

10:56am Wed 1 May 13

Stephen Brown says...

Things don't happen in isolation as Govt sets the tone and environment for business to operate in - and this Govt is woeful in this respect and will contribute to private sector problems like those at Sealine. The Govt has made a bad economic situation worse with their ideologically driven austerity agenda that has seen many more unemployed, rising debt, downgrading of our credit rating and a wholly negative outlook for many that does not inspire economic confidence.
Things don't happen in isolation as Govt sets the tone and environment for business to operate in - and this Govt is woeful in this respect and will contribute to private sector problems like those at Sealine. The Govt has made a bad economic situation worse with their ideologically driven austerity agenda that has seen many more unemployed, rising debt, downgrading of our credit rating and a wholly negative outlook for many that does not inspire economic confidence. Stephen Brown
  • Score: 0

4:00pm Thu 2 May 13

harryurz says...

I wondered how long it would it would take before certain lurkers who frequent here could not resist the urge to comment. A quick insincere nod to the job losses naturally, before quickly reverting back onto the same tired mantra.
A couple of politicised opportunist carrion shamelessly picking over the bones of a very sad commercial carcass to score cheap political points on polling day.
You must be proud of yourselves. Well done.
I wondered how long it would it would take before certain lurkers who frequent here could not resist the urge to comment. A quick insincere nod to the job losses naturally, before quickly reverting back onto the same tired mantra. A couple of politicised opportunist carrion shamelessly picking over the bones of a very sad commercial carcass to score cheap political points on polling day. You must be proud of yourselves. Well done. harryurz
  • Score: 0

7:16pm Thu 2 May 13

Gobby Robby says...

Harry's statement criticising people exercising their democratic right to make a political comment on a political situation is just as political as the accused, only less honest.
Harry's statement criticising people exercising their democratic right to make a political comment on a political situation is just as political as the accused, only less honest. Gobby Robby
  • Score: 0

2:03pm Fri 3 May 13

Community Union says...

Community Union are holding an open event for Sealine workers at the Harriers Sports and Social club. 2pm-4pm on the 10th of May.

Legal advice and career and training guidance will be available on site, spread the word for affected workers to come along.
Community Union are holding an open event for Sealine workers at the Harriers Sports and Social club. 2pm-4pm on the 10th of May. Legal advice and career and training guidance will be available on site, spread the word for affected workers to come along. Community Union
  • Score: 1

4:10pm Sat 4 May 13

harryurz says...

Well done grobster, another lurker crawls out the woodwork; of course you should uphold the democratic right to express a opinion; providing its in line with your own views of course.

Ironic you should try and lecture on freedom of speech giving your fondness of Comrade Castro and all things Cuban!!!
Well done grobster, another lurker crawls out the woodwork; of course you should uphold the democratic right to express a opinion; providing its in line with your own views of course. Ironic you should try and lecture on freedom of speech giving your fondness of Comrade Castro and all things Cuban!!! harryurz
  • Score: 0

6:14pm Sat 4 May 13

Gobby Robby says...

Eh? You obviously didn't understand my post. Please point out where I've betrayed my love for Castro & all things Cuban?
Eh? You obviously didn't understand my post. Please point out where I've betrayed my love for Castro & all things Cuban? Gobby Robby
  • Score: 0

9:35pm Sat 4 May 13

Grumpy Old Blogger says...

The usual suspects try to turn a local catastrophy into a political opportunity.
Have a little sympathy for the workers who have lost their jobs before you snipe at everyone whose political views you oppose.
Shame on you!
The usual suspects try to turn a local catastrophy into a political opportunity. Have a little sympathy for the workers who have lost their jobs before you snipe at everyone whose political views you oppose. Shame on you! Grumpy Old Blogger
  • Score: 0

4:10pm Sun 5 May 13

Gobby Robby says...

GoB's attempts to politically shut down criticism of his govt can also be seen here "Wyre Forest MP's verdict after 234 jobs axed at Sealine".
GoB's attempts to politically shut down criticism of his govt can also be seen here "Wyre Forest MP's verdict after 234 jobs axed at Sealine". Gobby Robby
  • Score: 0

10:16am Mon 6 May 13

Community Union says...

As I have said on the other forum, right now politicising the Sealine situation isn't helping the workers who have lost their jobs. Maybe that argument is for another day.......

My concern is the workers and their families which is why Community have arranged our event on Friday to offer support for people in this time of need.

I would urge all reading this to spread the word as we believe we genuinely can help, and right now that's the most important thing.
As I have said on the other forum, right now politicising the Sealine situation isn't helping the workers who have lost their jobs. Maybe that argument is for another day....... My concern is the workers and their families which is why Community have arranged our event on Friday to offer support for people in this time of need. I would urge all reading this to spread the word as we believe we genuinely can help, and right now that's the most important thing. Community Union
  • Score: 0

2:09pm Mon 6 May 13

Grumpy Old Blogger says...

Gobby, Why do you refer to MY government. I never have. You are clearly blinded by your own delusions. I am strictly neutral. I do not believe in party politics I vote for an individual not a political stooge who is not allowed to think for themselves. Try it, you may be pleasantly surprised when you throw off the shackles of party dogma. I am not a supporter of our MP and neither do I denigrate everything he says.
Avoid the pitfalls of lazy thinking. Have a mind of your own!
Gobby, Why do you refer to MY government. I never have. You are clearly blinded by your own delusions. I am strictly neutral. I do not believe in party politics I vote for an individual not a political stooge who is not allowed to think for themselves. Try it, you may be pleasantly surprised when you throw off the shackles of party dogma. I am not a supporter of our MP and neither do I denigrate everything he says. Avoid the pitfalls of lazy thinking. Have a mind of your own! Grumpy Old Blogger
  • Score: 0

10:04pm Mon 6 May 13

Gobby Robby says...

"I am strictly neutral" - yeah right, like your comments here
http://www.kiddermin
stershuttle.co.uk/ne
ws/9615172.MP_highli
ghts__good_things__a
bout_Wyre_Forest_in_
Commons/
"I am strictly neutral" - yeah right, like your comments here http://www.kiddermin stershuttle.co.uk/ne ws/9615172.MP_highli ghts__good_things__a bout_Wyre_Forest_in_ Commons/ Gobby Robby
  • Score: 0

10:50am Tue 7 May 13

Respectable says...

Gobby Robby...

Why do you spend your life arguing with other posters on here ?

Are you incapable of respecting other peoples opinions ?

Or are you just bored and like to fill your days winding people up..

Get a sense of balance man...You cannot control these posts forever..
Gobby Robby... Why do you spend your life arguing with other posters on here ? Are you incapable of respecting other peoples opinions ? Or are you just bored and like to fill your days winding people up.. Get a sense of balance man...You cannot control these posts forever.. Respectable
  • Score: 0

5:13pm Tue 7 May 13

Gobby Robby says...

"Get a sense of balance man...You cannot control these posts forever..” - Lol - I think its you who needs to get a sense of balance sunshine, err...I don't control these posts. Thanks for the compliment though.
"Why do you spend your life arguing with other posters on here ?" - what's the point of having a blog/comments box if you're not allowed to disagree with people you pratt?

"Are you incapable of respecting other peoples opinions" - err, I just got a post full of abuse from GoB so I calmly provided some hard evidence to disprove his point. Yeesh! What is the matter with people round here? You argue against them & they go ape or start crying.
"Get a sense of balance man...You cannot control these posts forever..” - Lol - I think its you who needs to get a sense of balance sunshine, err...I don't control these posts. Thanks for the compliment though. "Why do you spend your life arguing with other posters on here ?" - what's the point of having a blog/comments box if you're not allowed to disagree with people you pratt? "Are you incapable of respecting other peoples opinions" - err, I just got a post full of abuse from GoB so I calmly provided some hard evidence to disprove his point. Yeesh! What is the matter with people round here? You argue against them & they go ape or start crying. Gobby Robby
  • Score: 0

8:54am Wed 8 May 13

Respectable says...

No tears here.

Just bored with the Gobby monologue.

Love how you you blow off...

Careful old chap.. You'll blow a gasket if your not careful...

Might do the rest of us a favour mind...

Idiot..
No tears here. Just bored with the Gobby monologue. Love how you you blow off... Careful old chap.. You'll blow a gasket if your not careful... Might do the rest of us a favour mind... Idiot.. Respectable
  • Score: 0

9:08am Wed 8 May 13

Gobby Robby says...

Eh? But I didn't 'blow off' as you put it.
"Careful old chap.. You'll blow a gasket if your not careful" - you're still smarting from when I told you to 'calm down' after you thought you might get sued for racism aren't you? Lol.
Eh? But I didn't 'blow off' as you put it. "Careful old chap.. You'll blow a gasket if your not careful" - you're still smarting from when I told you to 'calm down' after you thought you might get sued for racism aren't you? Lol. Gobby Robby
  • Score: 0

11:13am Wed 8 May 13

Respectable says...

Sued by who ??
Don't you mean prosecuted ?

Smarting ?? Not at all.. I only come on here for a bit of sport ...I like to wind people up a bit...

Sorry old timer.. Your laying claim to victories you haven't had.. Must be deluded.
Sued by who ?? Don't you mean prosecuted ? Smarting ?? Not at all.. I only come on here for a bit of sport ...I like to wind people up a bit... Sorry old timer.. Your laying claim to victories you haven't had.. Must be deluded. Respectable
  • Score: 0

4:09pm Wed 8 May 13

Gobby Robby says...

"I only come on here for a bit of sport ...I like to wind people up a bit" -
rewind a couple of posts...

"Are you incapable of respecting other peoples opinions ?...Or are you just bored and like to fill your days winding people up"

I rest my case ;-)
"I only come on here for a bit of sport ...I like to wind people up a bit" - rewind a couple of posts... "Are you incapable of respecting other peoples opinions ?...Or are you just bored and like to fill your days winding people up" I rest my case ;-) Gobby Robby
  • Score: 0

11:02pm Wed 8 May 13

Respectable says...

Shrewd.....

Lol
Shrewd..... Lol Respectable
  • Score: 0

11:02pm Wed 8 May 13

Respectable says...

Shrewd.....

Lol
Shrewd..... Lol Respectable
  • Score: 0

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