About Us

Chris Hawes has recently decided to take a well earned rest from the business, but will remain associated with Yachtfractions, and available to answer any queries that you may have.

On a day-to-day basis David Watts is now running Yachtfractions. David is Yachtmaster qualified, and has several years experience of shared yacht ownership in the Med, and sailing in UK waters.

Yachtfractions [as far as we are aware] is the only business in Europe and the USA dedicated to selling shares in privately owned sailing and motor yachts which are jointly  owned and managed by the owners.

Fractional Yacht Shares Ltd is a private limited company run and controlled by the directors who are also the 100% shareholders. The company has a no debt policy, it does not have an overdraft facility and has no creditors other than minor amounts to administrative service providers. The future and control of the company is thus safely within the hands of the Directors.

We hope that we always operate the company on a fair and morally sound basis.

We have a large number of loyal clients who deal with us time and time again.

In 1998 we teamed up with brokers based in Athens and now have access to the largest selection of privately owned second hand yachts in the eastern Mediterranean. Having sold dozens of yachts from Greece to clients from all over the world we feel that we understand most of the peculiarities of buying in Greece. These cover :

  • The legal side of the transaction, de-registration, re-registration etc
  • Surveyors and remedial works
  • Insurance
  • Transport from Greece to Northern Europe
  • VAT
  • Payment of international funds

Our financial knowledge base is put to constant use as we deal in many currencies with both current and “future” payments. As many of our transactions are Euro based for Clients who are holding Sterling, we are able to offer a full currency management service :

  • Purchase of international currency at “spot” or today’s rate and transfer to foreign bank accounts.
  • Purchase of currency to be spent in the future or “Forward contracts” to fix the price of a purchase where some of the payment is made at a time in the future.

In pursuit of good business practice we operate a secure Client account at Lloyds where any funds held for clients are stored pending payment. These are separate from our normal business funds.