Tingdene Group have completed the acquisition of Farndon Marina near Newark, adding over 300 berths to its growing national marine portfolio.
This latest acquisition marks an important milestone for Tingdene Marinas as it expands its footprint to 11 marinas across the UK and establishes a presence on the River Trent for the first time. Strategically located with navigable access through Nottinghamshire and Lincolnshire, Farndon Marina further strengthens Tingdene Marinas’ waterways network and underscores its commitment to providing high-quality facilities and services to the UK’s boating community.
Ian Collier, Managing Director of Tingdene Group, said: “Farndon Marina is a strong strategic fit for our group, enhancing both our geographic reach and our customer offer. We are delighted to add such a well-regarded and well-established marina to our portfolio and look forward to working with the team on site to support berth holders and develop the marina further.”
Previously managed by the Ainsworth family for over 59 years the site offers a wide range of on-site amenities, including modern washroom facilities, secure parking, fuel, pump out, chandlery, boat servicing and repair, a slipway and an on-site restaurant.
Paul Ainsworth, son of the founder who has managed the business for the past 16 years, adds: “This has been more than just a business – it’s been part of our family’s identity for decades. I am delighted to hand over the helm to another family-owned group that shares our passion for the waterways and our dedication to serving the boating community. I’d like to thank everyone who has supported us over the years and look forward to seeing Farndon Marina thrive as part of the Tingdene Marinas network.”
This latest acquisition extends Tingdene Marinas’ offering of marina berths, boat sales and customer services into a key boating region and is in line with Tingdene Group’s vision to provide an integrated national network of marinas that deliver consistency, value and community throughout the UK.
Ethan Zone, Strategy Director for Tingdene Group, concludes: “We would like to thank Paul Ainsworth for his work and support through the transaction and trusting us with the marina that has been in his family for generations. The acquisition of Farndon Marina marks a strategic step north in our expansion program, providing a valuable foothold in the East Midlands. We continue to expand our marine portfolio across the UK adopting our long-term value add investment principles.”
Tingdene Group’s acquisition was supported by Shoosmiths LLP, who led legal due diligence, and Mercer & Hole, who conducted tax diligence. Paul Ainsworth was supported by Browne Jacobson leading vendor legal due diligence and Corporate Finance Advisors Xeinadin, with the sale and marketing process being overseen by Christie & Co.
