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View Full Version : Whats the go with TABS Boats



melony
09-12-2011, 01:01 PM
Hi Guys

I am pretty keen on buying a TABS 4900 Territory pro side console, upon reading on here today i found a bit of info referring to them as being in admin or having other issues.
however pic up this months bush & beach or fishing monthly and there is some massive ad's from both there manufatureing site and dealers on sale and then also through boatpoint/boatsales there is a few ad's

so whats the go are they still alive, in admin or have the gone to the boat builders yard in teh sky.

any info would be great

Thanks Tony

Noelm
09-12-2011, 01:19 PM
I don't know what the go is, but it is possible for magazines to have a quite long "lead time" meaning that some adds and so on were done months ago (maybe) I don't say this is the case because I have no idea about TABS boats, neither have I heard they were going bad, so take it as you will, maybe call them and get the info first hand!

lethal098
09-12-2011, 03:01 PM
Call them, 07) 5594 6333
easiest way to find out!! Took me 2 seconds on google to get the number.

Dont speculate until you know the facts. Easy way to damage a reputation.

fishfeeder
09-12-2011, 03:23 PM
Do you really think they are going to say if they are going broke !! (seriously doubt it)

Si
09-12-2011, 03:51 PM
I think thats old news. administration removed sept 2009. very nice boats. hard pressed to find a better tinny

TheSaint
09-12-2011, 05:31 PM
My mate got a boat built by them about month ago & they were still going..

But like said above pick up the phone & make the call!!!

melony
09-12-2011, 10:00 PM
Hey guy's

it is hard to say if I will get an honest answer I would like to think so but a 2nd search of ASIC shows the following

Extracted from ASIC's database at AEST 22:48:51 on 09/12/2011
NameTABS BOATS PTY LTDACN115 403 499Type (http://www.asic.gov.au/asic/asic.nsf/byheadline/About+the+National+Names+Index?opendocument#12) Australian Proprietary Company, Limited By SharesRegistration Date21/07/2005Next Review Date21/07/2012Status (http://www.asic.gov.au/asic/asic.nsf/byheadline/About+the+National+Names+Index?opendocument#12) RegisteredLocality of Registered OfficeBrisbane QLD 4000Jurisdiction (http://www.asic.gov.au/asic/asic.nsf/byheadline/About+the+National+Names+Index?opendocument) Australian Securities & Investments Commission
http://www.search.asic.gov.au/_images/hr.gif

These are the documents that ASIC has most recently received from or in relation to this organisation. Page numbers are shown if processing is complete and the document is available for purchase. DateNumberPagesDescription15/09/20117E3953316 2505Z Notification of Resignation or Removal of Administrator15/09/20117E3953313 25056 Notice of Termination of Deed of Company Arrangement Where15/09/20117E3953304 11524V Presentation of Accounts & Statement Presentation of Final

Complete Document Listing Document Listing Between Dates Exclude form 7053A (Disclosure notice for disclosing entity) Start Date 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2005 2006 2007 2008 2009 2010 2011 End Date 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990

Leathal098 I am not out to damage a reputation i am researching before I put up cash

Captain Jack Zero
09-12-2011, 11:23 PM
Just buy another boat.

Chas & Clarry
11-12-2011, 11:05 AM
Hey guy's

it is hard to say if I will get an honest answer I would like to think so but a 2nd search of ASIC shows the following

Extracted from ASIC's database at AEST 22:48:51 on 09/12/2011..........blah blah blah.................... 1994 1993 1992 1991 1990

Leathal098 I am not out to damage a reputation i am researching before I put up cash

Tony, I am in the process of trying to finalise a deal with TABS too (Bullshark 4.2)...so very interested in this thread. I will be asking them what the situation is. What does all the the above actually mean Tony (I honestly don"t know)??

Tim

Jarrah Jack
11-12-2011, 11:27 AM
There has been a lot of discussion on these pages over the last few years about boat builders going bust and people losing considerable amounts of money. Its reasonable for anyone who is putting money down to thoroughly research the company and find out exactly what happens to any deposits if a builder goes bust.

The best way to ensure that you get money back, in that event, is for the moneys to be held in trust with an agreed accountant or solicitor until the boat is handed over. You could expect to pay extra for the privilage but the peace of mind would make it worthwhile.

This post is not a specific reflection on TABS which I know nothing about.

timddo
11-12-2011, 02:43 PM
Don't you guys actually buy your boats from the Dealer, If the manufacture goes bust, The dealer would need to refund your deposit. I would be more worried about the dealer going bust then the manufacture.
I would pay $1000 deposit and the rest on pickup.

People that tend to loose alot of money tend to be the ones dealing with the manufacture who require progress payments,

When i brought my tabs, i paid a deposit and the rest when i pickup up the boat.

Chas & Clarry
11-12-2011, 02:57 PM
Don't you guys actually buy your boats from the Dealer, If the manufacture goes bust, The dealer would need to refund your deposit. I would be more worried about the dealer going bust then the manufacture.
I would pay $1000 deposit and the rest on pickup.

People that tend to loose alot of money tend to be the ones dealing with the manufacture who require progress payments,

When i brought my tabs, i paid a deposit and the rest when i pickup up the boat.

I'm buying direct...though it is a standard rig of course so I would assume that it will only be a pretty standard deposit haven't got to that stage yet...still negotiating price and whether or not they can get to the price I need it to be.

Shawn 66
11-12-2011, 04:26 PM
I would be very hesitant in stating the following as fact ,however it is my understanding that Tabs Boats were placed in voluntary administration in 2010 . To the best of my knoweldge they have traded their way out , and are no longer under administration . I repeat , please do not take what I have stated as gospel.
Shawn

bf90
11-12-2011, 09:11 PM
I bought a new Tabs 540 southerner from the factory, south easterly marine, in october 2011, they are trading very well and are not in any trouble, ring them up and have a chat to Dean the sales guy, they have just leased the other half of the factory they are in!! I have had many boats in my time and I must say that the Tabs is one of the best riding boats I have ever been in for its size. And the finish is just like a car!!! Cheers.

Noelm
12-12-2011, 08:01 AM
so from all this I read that TABS have dealers and will also sell direct?? if that's the case I kind of wonder why any dealer would take them on, no use trying sell something that the buyer can side step you and go straight to the manufacturer and possibly buy it for what you can.

Si
12-12-2011, 09:10 AM
Noelm, through south-easterley marine which is an imaginary dealer. At the end of the day the prices would be comparable as they would charge a mark-up through south east marine if selling private. If selling to a dealer then there would be wholesale prices. Thats the way i would think they do it.

Noelm
12-12-2011, 09:42 AM
if it worked like that in reality it would be great, the manufacturer would love to sell to people off the street, they could then make their margin they would have made if selling to the dealer at wholesale, then make the dealers margin as well, I would never be a dealer for a manfacturer that sold direct to the public (that's my opinon only)

Chas & Clarry
12-12-2011, 02:43 PM
Noelm, through south-easterley marine which is an imaginary dealer. At the end of the day the prices would be comparable as they would charge a mark-up through south east marine if selling private. If selling to a dealer then there would be wholesale prices. Thats the way i would think they do it.

This is how I am experiencing it, certainly don't think I am getting quoted figures that TABS would sell to a dealer at...if so I'd have closed the deal ages ago.

timddo
12-12-2011, 06:46 PM
they would sell at a rrp that a dealer would sell.
If you sell cheaper then a dealer would sell it. There would be no dealers left.

You are kidding if you think you can buy it at what a dealer pays.
They need to support their network.

melony
12-12-2011, 10:04 PM
Hey Guys
Chas & Clarry, Firstly in regards to the admin being brought into TABS this was a voluntary decison which allows for the company to undertake action to correct there issue this all happen in 21/07/2005, Since 2005 they have traded themself back into a profitable business as part of the ASIC policy's and procedures they review the company every 12 to 24 months dependant on the cirumstances so TABS next review is 21/07/2012.
Since I posted this topic a few days ago I have been fortunate to get some info into the whole issue and TABS as a whole are doing quite well for themself there product is as good as ever if not better and they are doing quite well with business managment as well.

I have decided to support them and very early in Jan 2012 will be ordering a TABS 4900 territory Pro SC from south easterly marine, I have decided to buy direct as i know they will get 100% of the money and not a minor percent on top of the build cost.

I guess TABS have a lot of respect for the product, past & future clients and also there business in the first place to enter vol admin and correct there issue before it is to late and full credit to them for doing so. I lool forward to buying my boat from them soon.

Thanks and i hope this helps

Tony

Jarrah Jack
13-12-2011, 08:04 AM
That does sound like you've had some solid contact and perhaps a good price as well.

Good luck with it. A few mates have them and I've heard no complaints.