November 20, 2017 11:40 AM ET

Machinery

Company Overview of Fairline Boats Ltd.

Company Overview

Fairline Boats Ltd. designs and builds motor yachts. The company also offers cruisers and boats. It offers its products through a network of dealers worldwide. The company was founded in 1963 and is headquartered in Oundle, United Kingdom. Fairline Boats Ltd. is a former subsidiary of The Renwick Group Plc. As of December 2, 2015, Fairline Boats Ltd. is under reorganization.

Barnwell Road

Oundle,  PE8 4HN

United Kingdom

Founded in 1963

Phone:

44 18 3227 3661

Fax:

44 18 3227 3432

Key Executives for Fairline Boats Ltd.

Chief Executive Officer
Finance Director
Head of Sales for Australasia and the Americas
Technical Director
Director of Supply Chain
Compensation as of Fiscal Year 2017.

Fairline Boats Ltd. Key Developments

Fairline Boats Gets Buyers

As much as two buyers have made a rescue bid for the Fairline Boats Ltd. which could emerge from administration if one of the deals is negotiated. It is thought the most likely buyer is a foreign boatbuilder, though a private equity firm keen to get its hands on a trophy asset is also in the running. Confidentiality agreements have been signed and negotiations are taking place to secure a deal with one of the bidders, Telegraph reports on January 17, 2016.

Fairline Boats Announces the Loss of 380 Jobs

Fairline Boats announced the loss of 380 jobs. Administrators at FRP Advisory announced that 69 staff had been retained to help trade the business, service existing orders and liaise with customers, mainly at sites in Corby and Oundle.

Fairline Boats Up for sale

Fairline Boats is up for sale. Mick Orpin, Regional Officer of Unite Trade Union, said, “We urge the administrators to redouble their efforts to find such a buyer for this company – Unite will be liaising with the administrators and leaving no stone unturned to achieve this goal.”

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Recent Private Companies Transactions

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