Buyers seek to tie up with Fairline Boats

Southampton boat show 2015: Launch of the Fairline Targa 53GT EMN-150913-085438009
Southampton boat show 2015: Launch of the Fairline Targa 53GT EMN-150913-085438009

Sinking luxury yacht builder Fairline Boats could be refloated if talks with would-be buyers are successful.

Several companies are involved in discussions with adminstratrors for the stricken Oundle, Corby and Ipswich-based firm.

Approaches are from trade buyers to private equity firms with interest in purchasing kit, contacts and the brand name.

A spokesman for adminstrators FRP Advisory refused to give details about potential purchasers or the progress of any talks. It could be three months before a deal is concluded.

Fairline Boats went into administration on December 2 - two months after being bought by equity firm Wessex Bristol for a deferred sum of £2 million. Three weeks before Christmas 380 jobs were axed with 69 staff kept on to service existing orders.

Related:

Bleak Christmas for 380 workers in Oundle and Corby as boat maker flounders