After more than six months of negotiations, the Isles of Scilly Steamship Group has announced the successful completion of the sale of Penzance Dry Dock to Penzance-based engineering business Linked Solutions SW Limited.
It will continue to be business as usual at the Dry Dock as all current employees will remain employed. Further, Linked Solutions has also pledged to maintain the dry docking facility for leisure and commercial vessels.
The dry dock, which is fully equipped for marine engineering and maintenance activities, has been leased and operated by Isles of Scilly Steamship Group since 2009. But in January this year, the Group announced its intention to concentrate on its core transport business and confirmed they would not renew the lease on Penzance Dry Dock, and the dock looked set to close.
Derek was contacted last year by Linked Solutions SW Ltd, a Penzance-based marine engineering company, who were interested in taking over the dry dock when the opportunity arose. He has worked with Linked Solutions and the Isles of Scilly Steamship Group to get the deal done. The Steamship Company are fully supportive of the transaction and expect to continue to work with Linked Solutions for many years to come, while they concentrate on their core business.