What is a Protected Client Trust Account—and Why Does It Matter?

When you buy a boat through us, all payments are made into our Protected Client Trust Account. This ensures that buyers’ and sellers’ money is kept safe in a ring-fenced account. This type of account operates just like the ones solicitors use during property transactions.

Here’s how it works:

  • The funds in the account belong to the buyer until the sale is finalized.
  • Once the sale is complete, we transfer the payment to the seller through the same Protected Client Trust Account.

This process protects both buyers and sellers, giving you peace of mind that your money is secure throughout the transaction.

Why Is This Important?

Unfortunately, if a broker doesn’t use a Protected Client Trust Account and their business runs into financial trouble, you could lose both your money and your boat. Sadly, this has happened to many buyers and sellers in the past, resulting in devastating losses.

Always check that your broker uses a Protected Client Trust Account—and ask for proof. This simple step can save you from significant risk.

Are Protected Client Trust Accounts Common?

While Protected Client Trust Accounts are available, obtaining one isn’t easy. Banks have strict criteria, and not all brokers qualify. It’s also worth noting that the marine industry is not regulated, so brokers are not required to have a separate trust account.

However, we believe this level of protection is essential. That’s why we’re proud to say we hold a Protected Client Trust Account, and we are members of the British Marine. Although membership no longer requires a trust account, we uphold their strict code of practice to ensure our customers are always protected.

Trust and Transparency

We’ve built our reputation on trust, ethics, and putting our customers first. To help you feel confident in choosing us, we’ve provided a video that explains what a Protected Client Trust Account is and offers proof of our account’s existence. Click here to view.

We love boats—and we’re passionate about protecting your money. ❤️