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Fairline Boats

Fairline Boats has sold its assets out of administration through FRP Advisory to a new company called Fairline Yachts for undisclosed terms, with the creation of about 100 jobs at its Oundle-based boat building business.

Fairline is to open a luxury motor yacht dealership in Ipswich in August.

Fairline Boats is looking to create 38 new jobs at its Oundle-based luxury boat building business.

Fairline Boats, the Oundle-based luxury boatbuilder, is to be sold by Becap to Better Capital for £21m.

Fairline Boats is seeking permission to set up a new 40,000 sq ft factory in Oundle, with the creation of 150 jobs.

Fairline, the Northamptonshire-based powerboat manufacturer with 1,100 staff, has undergone a £40m management buy-out backed by 3i.