You can own a share of Sceptre
Are you interested owning a share of Sceptre? We would be delighted if you were to consider joining the Sceptre Preservation Society. A small number of Syndicate shares are currently available (of a total of 19 shares) at a cost of £12,000 plus yearly contributions (see below).
The Sceptre Preservation Society’s aims are:
From time to time, shares in Sceptre become available. The SPS Members are now looking for a small number of like-minded people to join them in owning, preserving and enjoying Sceptre. Shares are currently valued at £12,000, and yearly “subs” for 2016 are £4,250 (in future years this may rise or fall dependent upon the maintenance or improvement projects planned for the year).
There are many benefits to joining the SPS:
There are obligations associated with owning a share, too:
We believe that the first step towards membership of the Sceptre Preservation Society should be to spend some time on the boat, together with current members of the syndicate. We are therefore happy to arrange for prospective members to sail for a minimum of two days, for a fee which would be refundable in the event of a successful application to join the Society and own a share.
In 1986 the Sceptre Preservation Society (SPS) was formed by Tony Walker (who converted Sceptre from a racing to a cruising yacht) and a number of friends from the Blackpool and Fleetwood Sailing Club. The Society started with 11 shares, and numbers have risen over the years to the current 19 shares, of which a small number are available for sale. Sceptre is held in Trust by four long-standing Members of the Society for the others, and this ownership arrangement allows for changes in membership with a simple amendment to the Trust Document.
The Society began as a loose arrangement between friends, but as the membership developed, it became important to formalise the arrangements and we now have a Members’ Agreement, which was most recently updated in 2015.
Members of the Society sail together, with family and friends, rather than on a timeshare basis. Members make sailing arrangements between themselves, coordinated via the Sailing Secretary, and provided a competent (ie approved by the Society) skipper and at least two Members are on board, you can sail whenever the boat is available.
We are members of the Royal Northern and Clyde Yacht Club near Helensburgh, where Sceptre is moored when we are on the Clyde. We enjoy the welcoming clubhouse, and find that Rhu provides an excellent setting-off point for our trips and charters.
Sceptre is also a member of the British Classic Yacht Club, and we often take part in their Classic Regatta if we are in the Solent in July.