Group News
The Hythe pier company acquires assets of historic Hythe & Southampton ferry
Acquisition secures strategic assets to protect the long-term future of the historic waterway crossing.
The Liquidators of Hythe & Southampton Ferry Company Limited, Leonard Curtis have completed the sale of the assets of Hythe & Southampton Ferry Company to The Hythe Pier Company for an undisclosed sum.
The acquisition includes a range of strategic assets associated with the historic Hythe–Southampton ferry operation with one clear objective: to help protect the long-term future of the historic crossing and preserve the opportunity for a future passenger service across Southampton Water.
The Hythe–Southampton route has served communities across Southampton Water for generations and the new owners’ priority is for it to return to being an important part of the area's transport network, local tourism and maritime heritage.
Ashleigh Mutimear-MacMillan, Director of The Hythe Pier Company, said:
“This acquisition is first and foremost about protecting the future of this historic route, as well as creating an opportunity for a future service across Southampton Water.
“Over the last few decades, different parts of the service have become increasingly fragmented. I therefore saw this as the perfect opportunity to bring many of them back together. Whilst this does not mean the immediate return of a scheduled ferry service, it does give us the best possible foundation to explore what comes next.
She continued: “The crossing is a crucial part of Hythe’s heritage, and I believe that the assets associated with it should remain connected to the pier and the Waterside community it serves.”
Conrad Beighton, who led the sale negotiations on behalf of Leonard Curtis, commented: “We are delighted that we have managed to secure the sale of such important assets in very challenging circumstances. This will hopefully enable The Hythe Pier Company to deliver a brighter outlook for everyone associated with the long-established waterway service.”
Discussions are already taking place with potential operators and partners about what a future service might look like, and how a sustainable transport link across Southampton Water may once again be delivered.
Ashleigh Mutimear-MacMillan added: “There is a huge amount of work ahead, but this is an important step towards protecting the future of a service that has connected communities across Southampton Water for generations."
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.