Please select your home edition
Edition
Mackay Boats 728x90 TOP

£2.0 million investment secured at the Discovery Shipyard

by Discovery Shipyard 26 Jan 2021 06:16 PST
Discovery Bluewater Cruising Yacht © Discovery Shipyard

The majority shareholder and owner of the Discovery Shipyard has made a significant £2.0 million-pound additional investment in the yacht building business. The funds have been raised to use exclusively on capital expenditures as well as new project development.

Werner Schaebele, who made the £2.0 million injection through his investment vehicle Binti Marine Holdings Ltd, became the sole owner of Discovery Shipyard in December 2019. Werner previously purchased the majority shareholding of the business in 2018 - his considerable investment in the shipyard since has ensured its success and continuance.

John Burnie, the Managing Director of the Discovery Shipyard and of Binti Marine Holdings Ltd said:

"This is a very significant additional investment in the business by our highly supportive owner / shareholder. During 2020 many business like ours have been frustrated by the negative impact the virus pandemic has had on normal operations. So I am delighted that we have been allocated additional funds - this will enable us to progress important capital expenditures as well as to continue development items. Important projects include a newly designed Bluewater 50 Catamaran Mk 3, a redesigned Southerly 42 with lifting keel and there will be improvements made to the existing tooling. This is a very encouraging start to 2021 for the Discovery Shipyard - with strong interest and increased enquiry level in all our models, the employees and clients of the Discovery Shipyard can look forward to the coming year with considerable confidence."

Note: The Discovery Shipyard operates out of its Lymington Headquarters and a 40,000 sq. ft. shipyard in Marchwood on the Western Bank of Southampton Water. The shipyard builds annually 7-10 high quality offshore yachts, with both fixed and lifting keels. Included in the range are 42ft, 48ft and 54ft Southerly Hull Yachts - 55ft 58ft and 68ft Discovery Hull Yachts and a 50ft ocean going Bluewater Catamaran. The business employs 80 people, including 8 apprentices.

Related Articles

Thayer Trophy Women's Team Race preview
Regatta has become a catalyst for developing women's sailing teams When the Corinthian YC launched the National Women's Invitational Team Race for the Thayer Trophy in 2021, the goal was to give women sailors the opportunity to compete in a high-intensity format on par with the world's most renowned team racing events. Posted on 17 Jun
Finn World Masters in Medemblik Day 2
Pieter-Jan Postma leads after the second day of racing in The Netherlands Pieter-Jan Postma, from The Netherlands, is leading the fleet of 307 Finns from 27 countries after everyone sailed two more races at the 2025 Finn World Masters in Medemblik. France's Laurent Hay is second with Germany's Fabian Lemmel in third. Posted on 17 Jun
World Sailing launches the World Sailing Academy
A new online learning platform for the global sailing community World Sailing officially launched the World Sailing Academy, an innovative new online learning platform designed to provide comprehensive educational resources and training to sailors, coaches, officials, administrators, and the global sailing community. Posted on 17 Jun
Sailing and the summer solstice
Celebrating sailing and the longest day of the year If you love long evenings and early mornings, this is one of the best times of the whole year, as the summer solstice (Friday, June 20) and the entire rich expanse of summer are about to burst into bloom. Posted on 17 Jun
Erica Lush Completes Bermuda 1-2 Regatta First Leg
While training for the Solitaire Du Figaro Rhode Island sailor Erica Lush completed the first leg of the Bermuda 1-2 regatta as the only woman skipper in the fleet. Lush sailed solo from Newport to Bermuda, handling a boat new to her, and rough sea state. Posted on 17 Jun
Susan Widmann Sinclair Women's Championship
Winning this year's event was a very accomplished skipper, Carmen Cowles and her team The biennial running of Noroton Yacht Club's Susan Widmann Sinclair Women's Championship, presented by Fairfield County Bank, just finished a second wild and wooly event, thanks again to Mother Nature. Posted on 17 Jun
Video Review: The Amazing Cure 55
Composite Construction meets Cruising Convenience It was two years ago at the Sanctuary Cove International Boat Show that I talked to Dave Biggar about his ideas and plans for the Cure 55. At the 2025 show I got to step on board the yacht and see how his ideas became reality. Posted on 17 Jun
2025 GL52 Big Red Regatta overall
Katana prevails, Wizard finished second The 2025 edition of the GL52 Big Red Regatta is now in the books. John Huhn's KATANA continued its winning ways on Day 3 to wrap-up first place overall with just 12 pts. Posted on 16 Jun
Conrads, Bell win 505 Pacific Coast Championship
A single point victory at Bellingham Yacht Club After three days and 11 races, AJ Conrads and Jon Bell captured the 505 Pacific Coast Championship by one point, narrowly besting former World Champion and Long Beach legend Howie Hamlin and crew Jeff Nelson. Posted on 16 Jun
Finn World Masters in Medemblik Day 1
Eight races over two course areas in four groups with four different winners Racing at the 2025 Finn World Masters began in Medemblik, The Netherlands, on Monday with eight races over two course areas in four groups. Posted on 16 Jun
North Sails Loft 57 PodcastCyclops Marine 2023 November - FOOTERExposure Marine