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Saturday, September 1, 2012

First price rise in 5 years

Boat management company BCBM has announced that it is increasing its management fee for the first time in 5 years.

Andrew Barton, MD of
BC Boat Management Ltd.
MD Andrew Barton told owners, "We have absorbed the VAT increase of 2.5% introduced by the government in January 2011.  This increased the amount each owner was paying to the government each year by £7.10 - from £59.57 to £66.67"

The increase in the fee per share will be £25 - from £400 to £425 a year - and will take effect from 1st October.  Most owners in BCBM managed syndicates pay the management fee on a monthly basis by standing order, so this will increase from £33.34 a month to £35.42.

"I hope that owners will understand that with rising costs we have held our prices as long as physically possible," said Andrew Barton. "Apart from anything else, the cost for getting our Area Managers to bases is a significant one.  When BCBM started nearly five years ago, we didn't have anyone doing this and fuel costs were significantly lower for the traveling we did."

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