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Your Financial Return
As an owner of a
sponsored boat, you will receive 38% of the hire revenue for years 1 and
2 and 32% for years 3 and 4 (due to higher maintenance costs). Payments
are made direct to you monthly in arrears. The return will have the VAT
and damage waiver fee deducted and therefore not included as part of the
38% or 32%, unless you have entered the scheme as part of a VAT
registered business, in which case the VAT element would be passed onto
the sponsor’s income to be reclaimed. Please remember that our hire
prices increase every year.
Our Partnership with You
All of our boats are
built under a standard British Marine Federation contract, with staged
payments throughout. You are welcome to visit the boat build at any
stage and you will be kept up to date with photos on our boat build blog
site, so you will really feel part of the team.
Once your boat is in
the fleet you will receive payments in arrears for each month the boats
are hired, so this will be April to October. We will keep you informed
of all replacements items and any maintenance work carried out. As well
as your 2 weeks advanced booking in the season we will contact you if
any last minute holidays become available.
We will send you an
e-newsletter on a regular basis letting you know what is happening in
the canal world and how Aqua Narrowboats is doing.
Our aim is for you to
feel part of our team, so we will support, talk and listen as much as
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