Thursday 20 November 08 - 16:19
 

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MBO at Crest Nicholson Marinas

Crest Nicholson Marinas has been acquired from its parent company, Crest Nicholson Plc, by its present management team.

The sale reflects Crest Nicholson Plc's continuing strategy of concentrating on its core activities of residential and mixed use development. The buyout has the financial backing of Lloyds TSB Bank Plc.

Crest Nicholson is one of the largest marina operators in the UK, with a portfolio of marinas across the country. From its head office in Bristol it has responsibility for marinas at Conwy in north Wales, Penarth in Cardiff Bay, Royal Quays on Tyneside, Bangor in Northern Ireland and Portishead near Bristol.

"Our focus is to continue to provide good value comprehensive support services for boat owners at our existing sites, " said Andrew Yates. "We are also keen to increase our spread of marinas and to work with Local Authorities and developers on new projects."

Our picture shows the long established management team:

left to right, Paul Rye, Simon Haigh, Andrew Yates and Andrew Jaggers.

Crest Nicholson Marinas will continue with its existing name for the immediate future.

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