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Leisure Marine

Borrow a Boat acquires boating marketplace Zizoo

London-based boating marketplace Borrow A Boat (of The Boat Engine Group) has completed the purchase of Berlin-based boating marketplace, Zizoo, to create one of the biggest boating marketplaces worldwide. Borrow A Boat says the acquisition of Zizoo is part of its growth strategy as the company looks to expand operations globally, and consolidate other markets. […]

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Leisure Marine

Helm lifts the lid on an ‘explosive’ few years

“Peer-to-peer boating is simply not a scalable business model, nor is the ‘marketplace’ approach, unless fully automated, removing the human interaction and expertise from the transaction, and placing the full weight of research upon the customer’s shoulders,” says Simon Morgan co-founder of luxury charter company Helm. Morgan, along with co-founder Peter Harrison-Hill, has been ‘lifting the […]

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Leisure Marine

SIBS 2023: Borrow A Boat joins London share trading venue

Restructured, streamlined and ready to trade shares, Matt Ovenden, Borrow A Boat’s CEO and founder, is feeling confident. It’s been a tough year for the company. After ongoing investments of around seven million, it fell into administration earlier in 2023 and was then subsequently acquired by a group of investors (headed by Ovenden under the […]

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Leisure Marine

Borrow A Boat to continue trading ‘uninterrupted’

British boat rental and yacht charter marketplace Borrow A Boat has been acquired by a group of investors and CEO and founder Matt Ovenden. The company has made assurances to its customers that trading is continuing uninterrupted, as the business has changed hands and is acquired through a pre-pack process. Borrow A Boat Ltd entered […]

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Leisure Marine

Borrow A Boat reports 400% growth

Boat rental marketplace Borrow A Boat says it is heading for “significant growth” in 2023, after posting a “record-breaking” year in 2022 and year-on-year revenue growth of over 400 per cent. The firm, which currently offers access to more than 45,000 boats in over 65 countries, has expanded into several new countries in the last […]

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Leisure Marine

Borrow a Boat to accept cryptocurrency payments

Yacht charter marketplace Borrow a Boat has started accepting cryptocurrencies as payment for yacht charters. The announcement follows the successful introduction of payment using cryptocurrencies by its premium bespoke charter broker Helm – acquired by the Borrow a Boat group in June 2021. Through Helm, the Borrow a Boat group claims to be the world’s […]

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Leisure Marine

Borrow a Boat announces first US acquisition

UK boat hire and charter marketplace Borrow a Boat has bought US-based peer-to-peer charter platform KellyBoat, as it seeks to expand within the US market. “The acquisition of KellyBoat will continue with our growth strategy in the US, which to date is the fastest growing market for the company,” Borrow a Boat says in a […]

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Leisure Marine

Fuel expenses cost as much as charters, but Borrow a Boat remains confident

Despite some charter holiday expenses costing as much as the charter itself due to rising fuel costs, demand has been strong for yachting holidays and crewed charters, reports Borrow a Boat. “Demand is strong,” says Matt Ovenden, the company’s CEO. “We’re taking bookings into 2023, and hoping the superyacht end of the business won’t be […]

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Leisure Marine

Borrow A Boat to launch in France following ‘busiest ever season’

Borrow A Boat, the boat rental and yacht charter marketplace, is expanding its global offering by launching into the French market. The announcement follows a series of successes for the business, including a recent crowdfund raise and what it describes as its ‘busiest ever sailing season’ with over 4,500 people taking to the water with […]

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Leisure Marine

Boatsetter reports uptick in US rentals

US company Boatsetter is reporting a rise in experience-driven rentals this summer. The number of trips completed so far this year is three times higher compared to the same time last year, reports the company, as well as a 50 per cent increase in the number of boats listed for rent. Boatsetter says it has […]

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Leisure Marine

Rental models open doors to younger, more diverse communities

Edit: The percentages of those taking part in ‘any boating’, by ethnicity, have been updated on receipt of data clarification from British Marine. Ask anyone outwith the marine industry to describe a typical boat owner and the answer has traditionally been male, white, and from an older demographic . . . or, more colloquially, male, […]