Pendennis Shipyard has taken a majority interest in Cockwells Modern & Classic Boatbuilding to deliver the company’s future business plans.
Cockwells and Pendennis have worked together for many years with a number of Pendennis superyachts having commissioned Cockwells’ tenders.
Both companies are also known for their track record in terms of developing a multi-talented workforce, for innovation, apprentice training and excellence in all aspects of yacht building and will work together to continue to develop their in-house teams.
“Cockwells has been actively seeking support in the marine sector to move the business to the next phase in its business plan – including the production of this year’s new model, the Duchy 45,” said Cockwells MD Dean Short.
“Fellow Falmouth-based superyacht builders and refitters, Pendennis, are perfectly placed to provide that support and we are delighted to be moving forward with them.”
Cockwells was founded by Dave Cockwell who has grown the company over almost three decades.
With the backing of an established global superyacht brand, Cockwells will grow further and meet the demands of our ever-increasing client base.
Dave Cockwell, Cockwells sales and technical director
“Over the past 28 years, we have grown from renting a tiny space in Underfall Boatyard in Bristol with one apprentice, to operating three sites in Cornwall with more than 140 employees,” he said.
“I am delighted that we are joining forces with the Pendennis Group. With the backing of an established global superyacht brand, Cockwells will grow further and meet the demands of our ever-increasing client base.”
The Pendennis Group consists of Pendennis Shipyard, a dedicated superyacht service facility in Falmouth, Cornwall; a Mediterranean marina and technical service centre near Barcelona – Pendennis Vilanova – and a luxury bespoke interior manufacturer, Norfolk Interiors.
Toby Allies, Pendennis Group MD, explained: “Cockwells shares many of the values that are integral to the Pendennis Group and serves many of the same customers and contacts. “Partnering with Cockwells will expand Pendennis’ offer to our client base within the superyacht sector.”
Complementary
He added: “Cockwells’ activity complements our core group strategy and with the company’s strong forward order book and ambitious plans for expansion, we are excited to welcome Cockwells to the Pendennis Group.”
Cockwells will continue to operate independently with the existing management team headed by MD, Dean Short with Dave Cockwell retaining his role of sales and technical director.
Along with superyacht tenders, Cockwells acquired the assets of Hardy Marine in 2020 and now builds Duchy and Hardy semi-production vessels.
Cockwells Modern & Classic Boatbuilding is based in Mylor Creek Boatyard near Falmouth in Cornwall.
