
UK Yacht builder, Fairline boats has entered administration, putting 450 jobs at risk. FRP Advisory LLP, a restructuring and business advisory firm, has been appointed as its administrators.
News of the administration comes only days after it was reported that staff had been moved out of Fairline’s head office in Oundle and into its factory. The majority of Fairline’s 450 staff are divided between Oundle and Corby in Northamptonshire, with a further testing site in Ipswich.