One of Britain’s biggest luxury boat manufacturers has collapsed into administration less than two months after it was sold to new investors.
Sky News has learnt that Fairline Yachts, which is based in Oundle, Northamptonshire, had fallen into insolvency proceedings after DF Capital, the company’s main lender, triggered the appointment of Alvarez & Marsal (A&M) as administrators.
One staff member said they had been briefed on the news by A&M on Monday morning.
Fairline Yachts is understood to employ about 250 people, with no redundancies being triggered by the insolvency.
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The collapse of Fairline Yachts is surprising because the company was only sold early last month by Hanover…
