Teaming up boost

Teaming up boost for shared ownership sector
The two largest companies in the shared ownership sector are to join forces. ABC Boat Share Ltd is teaming up with Audlem based BC Boat Management Ltd so that each company can bring its greatest strengths to the sector and provide an improved service for owners.

With effect from yesterday, BCBM will take over responsibility for managing the boats for syndicates currently with ABC Boat Share Ltd. BCBM is already the largest of the professional shared ownership management companies and it will be increasing its turnround and administrative staff to enhance its existing service to owners.

ABC – widely recognised as the market leader in providing canal hire boat holidays from 14 marinas around the canal network – will continue to provide moorings and maintenance service for shared ownership boats moored in its 10 company owned marinas.

"The new arrangement can only benefit owners," says Andrew Barton, MD of BCBM. "Syndicates whose boats we already manage will get a wider choice of bases and substantial discounts while those syndicates joining us from ABC Boat Share Ltd will benefit from the terms we have negotiated in other marinas coupled with the extensive turnaround and dedicated administrative cover we will be able to provide."

"We have developed a very successful working relationship with BCBM over the last few months as we prepared for the Boat Share Show at Braunston," says Ed Helps, MD of the ABC Leisure Group.

"The recent decision of our Shared Ownership Operations Manager to pursue a different career has meant that we needed to review our activities in this sector," he continued, "and our conclusion was that we should concentrate on the main business of the group and entrust the management of shared ownership boats to BCBM, for whom shared ownership boat management is their only focussed core business."

Teaming up in this way can only strengthen the shared ownership sector and provide greater value and security for existing syndicates, both companies believe.

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