Ownashare changes hands

Ownashare Cruising, one of the three main shared ownership management companies, has been bought by Alan Tingey of Drayton Boats Services.

The original Ownashare team felt that they had taken the company as far as they could and that extra expertise was needed to secure the future growth of the company.  Members of all the syndicates for whom Ownashare manage boats have been told of the change.

Ownashare have had a working relationship with Drayton for some time - and their newest boat, Heartsease, was fitted out by Drayton.

Heartsease, introduced to the shared ownership market by
Ownashare, was fitted out by Drayton Boat Services.
A 1/12th share is currently on offer for £6.950

Ownashare staff will continue to look after the boats they manage on behalf of the owners' syndicates.

Drayton Boat Services are boat builders with a hire fleet and boat brokerage.  The change should bring enhanced engineering services and other skills to develop Ownashare.  There is no information yet about any new shared ownership boat the company might build.

Tom Houston, speaking for Ownashare, said "The Ownashare team are very pleased and excited by this new venture and we feel that the future looks much brighter for the company and its boat syndicate members."