Broom Boats plans to stop building boats after a number of unprofitable years. The company has been building boats at its facility in Brundall for 120 years. It currently offers five models from 30ft-43ft LOA. According to the Eastern Daily Press, the manufacturing shutdown could result in the loss of 20 jobs.

The company wants to focus on its charter boat business during its restructuring. It said that its marina and repair operations would be unaffected by the boat-building shutdown. General manager Peter Reeve told local media that its marina and repair operations would be unaffected by the boat-building closure.

“Most people on the Broads understand the vagaries of the boating business,” he told the paper. “We are devastated that we cannot make boat building work but we are determined to maintain our site for boating. There is a passion in me and the shareholders for this. The fact that we have a mandate to carry on and can become profitable once we have restructured is very positive.” Reeve said displaced workers can apply for positions in Broom’s other divisions.

Increasing material costs and a fall in demand has put pressure on Broom’s manufacturing division. “Oyster [Yachts] and other boat builders in the UK have been struggling,” said Reeve. “The owners of this business have lost money for five or six years primarily through the manufacturing business and other areas of the business have been subsidising it.”

The company has a charter fleet of 24 boats that will be integral to its business. The ultimate aim is for the three remaining divisions of the business, leisure, maintenance and the marina, to generate similar amounts of income.