MV Challenge is based at Lea Bridge In Lea Valley Park. We provide boat trips, boating holidays and

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Hackney, London, Lea Valley Park, United Kingdom
MV Challenge is based at Lea Bridge In Lea Valley Park. We provide boat trips, boating holidays and event accomodation for community groups, people with disabilities and other charities. Our area of operation includes: The River Lee, Queen Elizabeth Olympic Park, Bow, Stratford and London's Waterways.

Friday 7 September 2012

Back to Business


So here we are, just a couple of days to the end of the Olympics 2012 and the end of restrictions on the river.

Down at DCBT we have had a great time over the Olympics. For three weeks we played host to trainers from the New South Wales Institute of Sport, (NSWIS). During the games we shared their frustrations and they shared our joys as Team GB stormed ahead. One of the former Hockeyroos admitted that it was difficult not to get emotional when Jessica Ennis stepped on the podium to collect her gold medal. We always knew they were closet pommes!

We are now back on track with our core work and 'Learning on the Lee' with our client base.

One of the big stories of the Olympics is the possible demise of Water Chariots. They were set up with a mass of publicity and invested over £3m in the construction of boats to provide the official water taxi service to the games. They were also awarded a 15 year contract by BW to provide water taxi services as part of the Lea Valley/Olympic Park legacy.

When we heard about the numbers they were supposed to carry on the river – 1,000 per hour, we wondered at the time where they were going to get these people from. When they finally announced their prices we knew immediately they were on a looser. After operating on the River Lee for 28 years we knew how difficult it is to attract custom.

We understand that soon after the games started the company readjusted their numbers down to 1,000 per day. In reality we don’t think they did more than a hundred per day. Certainly on the Tottenham to Old Ford route there we no more than 30 per day. On some days we never even saw the boats. Once the main Olympics were over we never saw the boats again.

Needless to say this will have caused a serious cash flow problem. We now understand the receivers were called in on Tuesday 4th September.

When the dust settles on this one it will be interesting to see where the funding came from for this fiasco. Some of the blogs and discussion boards talk about funding from BW, TFL and ODA. Other blogs have discussed the possibility of funding being diverted from the redevelopment of Stonebridge to construct a quay at Tottenham Lock. Although none of these rumours have been confirmed, it will be interesting to see what the fall out is

The link to this story can be found below:

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