The administrator of Fairline Yachts, a UK-based luxury yacht manufacturer, has secured funding for the business and is seeking a buyer to take ownership of the company.
The additional funding, provided by Fairline's existing specialist lender DF Capital, will enable the business to continue the production and sale of its yachts for customers worldwide and retain its 250 employees.
Administrator Alvarez and Marsal (A&M) s now encouraging any interested parties to contact them to discuss the opportunity to acquire the company based in Northamptonshire.
Fairline entered into administration in January 2025 less than two months after being sold to investors.
The insolvency proceedings against Fairline began after main lender DF Capital appointed administrators.
One of the company's joint administrators told local media that the employees were nonetheless told to carry on their work as usual as the search was begun for a new buyer.
Fairline had been late last year to Arrowbolt Propulsion Systems by its previous majority stakeholder, private equity firm Hanover Investors.
More than 100 employees were reportedly made redundant following the sale, which gave Arrowbolt at least 75 per cent of the company's shares and voting rights.
Fairline presently has 17 yachts under construction, though dealers expect these vessels' completion and deliveries will be slightly delayed.
