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Old 22 October 2011, 16:23   #1
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Country: UK - England
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Pacific 22 with a difference Rebuild



Hi
I bought this from E bay a while ago, it was advertised as an Atlantic 21, didn't question it as it was orange hull and RNLI looking tubes, i only bought it as i had a spare set of tubes i had for my old Pacific 22, that i have now sold.

Once i started stripping it, i then realised that it wasn't an Atlantic but a Pacific 22 that had been modified to take twin outboards.

The deck had been fibre glassed over "badly" and the wood under was rotten, so main thing was to remove all the deck and cleaned all the compartments out, the STBD side was full of expanding foam, dug out 5 bin liners of foam and found that the side had had a big impact and also been repaired badly, all the old repair was removed and repaired from inside instead of pushing handfuls of filler in from the outside as it had looked like had been done before.

I left it untouched for nearly a year as i couldn't find either a high horse power inboard diesel or a reasonably priced pair of outboards.
But since owning the Humber and having a big outboard strapped to it's ass, it's going to have twin 150's plus on the back of this one.

This is the link to my photobucket gallery. Pacific 22 strip and rebuild pictures by ian-sw - Photobucket
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Old 23 October 2011, 16:58   #2
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Daunting prospect, when you look at first pictures. Build looks to be progressing well - keep the pictures coming.
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Is that with or without VAT?
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Old 24 October 2011, 05:19   #3
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Quote:
Originally Posted by spartacus View Post
Daunting prospect, when you look at first pictures. Build looks to be progressing well - keep the pictures coming.
Best of luck with the re-build! They built those things like Nuke Bukers,you can always get some inspiration from Martini's Atlantic build if you start Flagging!
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Old 24 October 2011, 05:30   #4
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Country: UK - England
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Cheers guy's
I have a very good inspiration at the moment, it's called a Humber, i had a call out a month or so ago, weather was not the greatest force 6-7 left Plymouth bound for Salcombe, could not manage more than 18knts and still spent more time out of the water than in, then after rounding the headland at Salcombe there were some BIG waves 4-5 mtrs, slowed to 5-6 knts then a wave pushed me and the rib straight under and from that day i have all the inspiration i need to finish the Pacific.
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Old 24 October 2011, 06:03   #5
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Looks like you've got some work ahead of you there, shame you've not found a good diesel to chuck in her, I'd hate to run a pair of big twin o/b's at your fuel prices Let alone your fuel prices in 5 years time!

Look forward to seeing how she progresses
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Old 24 October 2011, 06:13   #6
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Martini,

You are forgetting that Ian is working commercially so can claim back all the duty / vat - so the cost per gallon is about the same.
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Old 24 October 2011, 08:41   #7
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also was thinking about going VAT registered so i can claim the VAT back if i decide to buy a couple of new engines, i don't like doing paperwork now and have been told it adds another day a week for VAT paperwork, don't think it's worth it.
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Old 24 October 2011, 08:50   #8
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Ian,

It won't add a day a week unless you are a very busy business who should have been claiming VAT back years ago. Presumably you are already keeping accounts / books / records for your accountant and for HMRC (for fuel duty). If those are pretty thorough then you don't need to do much more for the VAT. As you are not already registered presumably your turnover is below the threshold (and therefore transaction volume is not that high). If you were doing it yourself, and a bit old school pen and paper type then I could see it taking a day a month. If you employ a half decent book keeper (s)he should be able to do it (usually once a quarter - but might prefer to keep on top of it every few week/month) for about 1 day's work a quarter - they should easily save the cost of employing someone to do it several times over in recovered input VAT, and they will take all that other accounting admin off your plate.
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Old 24 October 2011, 09:15   #9
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Hi Polwart
I was not told i could claim back fuel duty until very recently, i had my Pacific for 7 years and never claimed any duty back, my accountant has never mentioned i was able to claim.
I do or my wife files stuff in month and category order, totals it all up and it then gets dropped off to the accountants, he sends me a bill and tax man sends me a bill

I have managed to keep under the Vat threshold, came close a couple of times though.

I think i may need to change accountant.

Ian
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Old 24 October 2011, 11:51   #10
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Quote:
Originally Posted by Polwart
Martini,

You are forgetting that Ian is working commercially so can claim back all the duty / vat - so the cost per gallon is about the same.
Thanks, didn't realise that. Although resale value could also be a consideration but Ian is probably in the same position as me and everyone else, the price of a complete diesel package big enough to push the boat along is nothing short of phenomenal
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