Your money is pretty safe, but pay by card to be
sure
With Yacht Ventures there is no limited company involved,
which means your money is relatively safe. The business is
a sole tradership; the proprietor, Chris Gill, is
personally liable for its debts. So your payments to Yacht
Ventures can be lost only if Chris does a runner, or goes
bankrupt. Both are a lot less likely than the liquidation
of an operating company with negligible assets (something
that happened in 2004 to several big-name yacht charter
companies, and is very likely to happen in 2009, given the
circumstances).
But, of course, such things are possible. To deal with
these possibilities, it's best to pay by credit card. Under
Section 75 of the Consumer Credit Act 1974, a supplier of
goods or services and the grantor of credit for that supply
are equally liable for fulfilment of the contract –
so if Chris runs off with your cash you can reclaim it from
the credit card company. (This is true only for
transactions worth over £100.)