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£18.1m operating loss for Fairline Yachts – turnover improves
![Fairline Phantom 65 Fairline has continued to invest in new models](https://marinebusiness.news/wp-content/uploads/2024/01/Fairline-Phantom-65-696x430.webp)
Fairline Yachts saw its turnover increase by 55% in 2022 to £48m, however alongside this, the luxury boatbuilder had an operating loss of £18.1m, up from £17.7m in 2021.
The company’s latest accounts show 2022 remained a challenging year for the boatbuilder, with operations and results impacted by shortages of key parts and supply chain issues.
These factors increased the time taken to manufacture the boats and also impacted the efficiency of production during the year.
However, despite these difficulties, the boatbuilder continued to invest in new product development as part of its product investment strategy with the launch of a new Squadron 68, a Phantom 65 as well as new entry and mid-sized models.
And the boatbuilder says demand for models has remained strong with the sales team continuing to strengthen its global dealer network as well as building out the sales order book to 2025 and beyond.
![fairline yachts holding limited The Squadron 68 is one of Fairline's latest models](https://marinebusiness.news/wp-content/uploads/2024/01/The-Squadron-68-is-one-of-Fairlines-latest-models-1024x640.webp)
And the directors say the forecast for 2024 shows an improvement in both turnover and profitability as the business returns to a stable platform, with improvements in operational performance, supported by a good forward order sales book.
At the end of 2023, most of the 2024 production slots were sold and allocated out to 2025.
And the directors add that while the unaudited accounts for 2023 show the boatbuilder has been impacted by global supply chain uncertainties, there is an improvement compared to 2022 as the business implements its change strategy.
In June 2021, Fairline Yachts Holdings Ltd became the sole shareholder of Fairline Yachts Ltd, with additional investment injected and a new board of directors appointed.
The directors have worked with the ultimate shareholder, Hanover Active Equity Fund II, and other financial institutions and have increased financing facilities to support the business going forward.
In 2023, the company received equity funding from Hanover to cover its working capital needs and the directors believe these facilities along with cashflow from operations will allow the company to operate within its financing needs. The company has received a letter of support from Hanover in terms of further funding.
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Contest Yachts expands in the UK
New £13 million powertrain test facility, new electric steer trolling motor from navico.
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W h e n a l e g e n d m e e t s a n i c o n
T h e n e w t a r g a 4 0 , t h e a l l n e w s q u a d r o n 5 8 : a f r e s h l o o k . s a m e b e a t i n g h e a r t . , w h e r e l u x u r y & e x h i l a r a t i o n c o - e x i s t , t h e s t r i k i n g f / / l i n e 3 3 , t h e w o r l d a t y o u r f i n g e r t i p s , a n e x c i t i n g n e w o u t l o o k o n l i f e , f i n d y o u r p e r f e c t f a i r l i n e , f / / l i n e .
In all our years of boatbuilding, we have never created something quite like the F//LINE. Setting the industry alight with its searing performance and svelte lines, the F//LINE forges a new path for sleek, sporty, high-performance dayboats.
Prepare your adventurous side. This is what it has been waiting for.
A modern sportsboat made for exhilarating adventure, the F//LINE has been designed in collaboration with celebrated Italian yacht designer, Alberto Mancini and delivers the full package – head-turning lines, an exceptional ride, sharp handling and breath-taking performance.
T a r g a
Luxury by definition, powerful in spirit. The Fairline Targa motoryacht range marries sophisticated styling with alluring power and performance.
The Fairline DNA is in every curve of these iconic designs, which provide generous living spaces and outstanding flexibility on and below deck together with an outstanding drive and seakeeping.
Designed for life on the water, this iconic motoryacht range has been elevated by the designs of Alberto Mancini and our own in-house team in England, resulting in the perfect mix of elegant Italian refinement and British craftsmanship.
Open plan living provides Targa owners with spacious socializing and sunbathing areas and a seamless connection to the water. With deft use of glass above and below decks and versatile layouts, this class-leading range pushes the boundaries of modern sportscruiser design.
Targa has year-round appeal thanks to the standard fit sunroof across the range and the option to have an open or fully enclosed main deck.
P h a n t o m
The iconic Phantom name is reimagined in Fairline’s first sportsbridge, the stunning Phantom 65.
Blazing a trail with an exceptional blend of flybridge accommodation with sportscruiser handling, the Phantom motoryacht delivers triple-deck living spaces and razor-sharp looks with the on-water dynamics to match.
The Phantom boasts incredibly clean and modern lines. Our expert team of designers and craftspeople have created a winning combination offering the enhanced space of a flybridge with the sporty style of our Targa models.
With an abundance of al-fresco dining, entertaining and lounging spaces, relaxing onboard has never been so easy. It’s time to soak up the sun alongside captivating, streamlined looks and thrilling performance.
S q u a d r o n
Iconic and elegant – a Squadron is designed for the adventure-seeking family and offers flexible layout options, expansive flybridges and effortless style.
Renowned for its alluring mix of luxurious accommodation and smart design, this class-leading marque is light, spacious and open with beautifully integrated practical design features.
Reflecting Fairline’s impressive boatbuilding legacy and boundary-pushing innovation, Squadrons boast expansive cockpits, luxurious saloons and voluminous cabins with full-standing headroom for effortless on-water living.
The Squadron design maximizes an owner’s connection to the water thanks to light-filled interiors, open-plan layouts, huge windows, and generous deck spaces. Enjoy sundowners on the sociable flybridge, relax on the foredeck sunpads or catch the morning sun on the submersible bathing platform.
Sophisticated and elegant, a Squadron offers supreme comfort matched with contemporary style.
Find a dealer
Fairline has one of the most extensive dealer networks in the industry. Come to us for adventure. Come to us for heritage. And come to us for forward thinking. But most of all, come and experience our superior service and dedication.
We have recently expanded our dealerships across the US and Canada and continue to broaden our acclaimed network. Each appointed Fairline dealer is a professional, thriving business, working with your best interests at heart. Find your closest Fairline dealer here and begin your adventure today.
Become part of the Fairline family today.
A pre-owned Fairline is ready to create new memories. Explore our listings of pre-owned Fairlines and find your perfect match. With boats located around the world and a wide selection of models available, your Fairline could be right around the corner. In your hands, the adventure will continue.
O u r S t o r y
Fairline has been at the beating heart of boatbuilding for more than half a century and has built a reputation for enduring designs, expert craftsmanship, superior luxury and unrivalled performance.
From humble beginnings in Oundle, England, Fairline has become an iconic name in yachting worldwide with a range of boats spanning four model lines from 33-68ft (10-21m).
The spirit of adventure drives everything we do. With a team who are dedicated to their craft, we continue to bring fresh ideas, push boundaries and produce industry-leading marques, which marry the latest technical innovations with exceptional British craftsmanship, style and refinement.
Our collaboration with celebrated Italian yacht designer Alberto Mancini combines contemporary style with a long-standing heritage and our award-winning range of designs have become synonymous with outstanding seakeeping, performance and luxury.
Always remaining true to the Fairline DNA, we produce award-winning models that pair space with sophistication. Fairline’s brand legacy is one of carefree adventure for all who step aboard.
News & Events
18th April 2024
AUTHORIZED DEALERSHIP NOW IN SAN FRANCISCO
Fairline has announced MRN Yacht Sales as its partner in California.
5th February 2024
Miami line-up announced
Fairline has announced its line-up for Miami International Boat Show (14-18 February 2024) which includes the Squadron 68, Squadron 50, Targa 45 OPEN and the F//LINE 33.
7th December 2023
Two debuts at Boot Düsseldorf 2024
Fairline will unveil its highly anticipated all-new Targa 40 in a world debut at this year’s Boot Düsseldorf, 20 - 28 January 2024, supported by the European debut of the all-new Squadron 58.
17th November 2023
Designer of the Year
Fairline’s Christian Gott takes home Designer of the Year at the Boat Builder Awards 2023
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Fairline Yachts Limited
- Last Updated: {page_last_updated}
- {company_category}
- Company No. 09937735
Registered Address | Nene Valley Business Park Oundle Peterborough Cambridgeshire |
Country Origin | United Kingdom |
Telephone | or |
Email Address | or |
Website | |
Social | |
British • Director • Born in Dec 1966 | |
British • Director • Born in Apr 1976 | |
British • Director • Born in Dec 1959 | |
British • Director • Born in Apr 1976 | |
British • Director • Born in Sep 1964 |
Company | Status |
Fairline Yachts Design Studio Ltd and are mutual people. | |
Nse UK Holdco Limited is a mutual person. |
Accounts Submitted 6 Months29 Dec 2023 | |
Confirmation Statement Submitted 7 Months11 Dec 2023 | |
Resigned 11 Months16 Aug 2023 | |
Appointed 11 Months16 Aug 2023 | |
Appointed 11 Months16 Aug 2023 | |
Accounts Submitted 11 Months24 Jul 2023 | |
Resigned 1 Year 4 Months17 Mar 2023 | |
Confirmation Statement Submitted 1 Year 7 Months16 Dec 2022 | |
New Charge Registered 1 Year 8 Months15 Nov 2022 | |
Accounts Submitted 2 Years10 Feb 2022 | |
Resigned 2 Years31 Dec 2021 | |
Appointed 2 Years31 Dec 2021 | |
Confirmation Statement Submitted 2 Years7 Dec 2021 | |
Appointed 3 Years12 Jun 2021 | |
Resigned 3 Years12 Jun 2021 | |
Appointed 3 Years12 Jun 2021 | |
Resigned 3 Years12 Jun 2021 | |
Resigned 3 Years1 Apr 2021 | |
Appointed 3 Years31 Mar 2021 | |
Resigned 3 Years31 Mar 2021 | |
Accounts Submitted 3 Years17 Mar 2021 | |
Confirmation Statement Submitted 3 Years23 Nov 2020 | |
Appointed 4 Years1 Jul 2020 | |
Resigned 4 Years1 Jul 2020 | |
Appointed 4 Years1 Jul 2020 | |
Appointed 4 Years1 Jul 2020 | |
Resigned 4 Years1 Jul 2020 | |
Resigned 4 Years1 Jul 2020 | |
Resigned 4 Years21 Jan 2020 | |
Confirmation Statement Submitted 4 Years12 Jan 2020 |
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Comprehensive Business Report
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- Credit Scores & Limits
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- Includes Downloadable Report [ View Sample ]
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FAIRLINE YACHTS HOLDING LIMITED - LONDON
Company Profile |
Accounts Status
Accounting Year End (d/m) | Accounts Last Made Up Date | Accounts Next Due Date |
---|---|---|
31 / 12 | 31/12/2021 | 31/12/2023 |
Registered Office
Confirmation statements.
Last Statement | Next Statement Due |
---|---|
08/06/2023 | 22/06/2024 |
Company Officers - Current and Previous
Name | Born | Nationality | Role | Appointed | Status |
---|---|---|---|---|---|
Apr 1971 | British | Director | 2021-07-02 | CURRENT | |
Apr 1971 | British | Director | 2021-07-02 | CURRENT | |
Mar 1973 | British | Director | 2021-06-09 | CURRENT | |
May 1984 | Swedish | Director | 2021-06-09 UNTIL 2021-07-02 | RESIGNED |
Persons with Significant Control
Name | Active from | Born | Address | Level of control |
---|---|---|---|---|
Fyh (Holding) Limited | 2021-06-09 | London | Ownership of shares 75 to 100 percent Voting rights 75 to 100 percent Right to appoint and remove directors |
Related Companies
CompanyName | Address | Company Status | Accounts Status | Main Company Activity |
---|---|---|---|---|
LONDON ENGLAND | Active | FULL | 62012 - Business and domestic software development | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 70229 - Management consultancy activities other than financial management | |
CAMBRIDGE | Active | FULL | 62012 - Business and domestic software development | |
SUTTON ENGLAND | Active | DORMANT | 99999 - Dormant Company | |
BANSTEAD ENGLAND | Dissolved... | TOTAL EXEMPTION FULL | 70229 - Management consultancy activities other than financial management | |
CLEVEDON ENGLAND | Active | SMALL | 70100 - Activities of head offices | |
COLCHESTER | ... | SMALL | 70229 - Management consultancy activities other than financial management | |
LONDON ENGLAND | Active | GROUP | 64209 - Activities of other holding companies n.e.c. | |
COLCHESTER | Dissolved... | UNAUDITED ABRIDGED | 74990 - Non-trading company | |
LONDON UNITED KINGDOM | Dissolved... | NO ACCOUNTS FILED | 64209 - Activities of other holding companies n.e.c. | |
LONDON UNITED KINGDOM | Active | GROUP | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | GROUP | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | FULL | None Supplied | |
SUTTON ENGLAND | Active | MICRO ENTITY | None Supplied |
Nearby Companies
CompanyName | Address | Company Status | Accounts Status | Main Company Activity |
---|---|---|---|---|
LONDON UNITED KINGDOM | Active | FULL | 68100 - Buying and selling of own real estate | |
LONDON UNITED KINGDOM | Active | FULL | 68100 - Buying and selling of own real estate | |
LONDON UNITED KINGDOM | Active | DORMANT | 68100 - Buying and selling of own real estate | |
LONDON UNITED KINGDOM | Active | FULL | 68100 - Buying and selling of own real estate | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | GROUP | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | SMALL | 62012 - Business and domestic software development | |
LONDON ENGLAND | Active | UNAUDITED ABRIDGED | 64209 - Activities of other holding companies n.e.c. | |
LONDON ENGLAND | Active | FULL | 68209 - Other letting and operating of own or leased real estate | |
LONDON ENGLAND | Active | FULL | 35110 - Production of electricity |
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Fairline Yachts sold to investment group
British builder Fairline Yachts has been acquired by Hanover Investors for an undisclosed sum.
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N o w o p e n , t h e n e w F a i r l i n e M a r i n a
T r a v e l r e s t r i c t i o n s . . . n o p r o b l e m .
The new Fairline Marina platform is specifically designed to connect fans and customers of our brand in this time of social distancing.
The Fairline Marina brings the world of hand-crafted luxury boats direct to you. The platform includes 360-degree detailed tours of all the yachts within our Squadron, Targa and F//LINE model ranges, allowing you to explore the Fairline family of yachts from the comfort of your home.
The Fairline Marina includes a live chat function, enabling the opportunity to speak directly to a Fairline expert at any time of the day. Additionally, we are developing a regular calendar of livestream yacht tours, which will be hosted by our global dealer network – you can tune in on our Facebook page for a detailed tour of the yachts you are interested in. Each livestream will take you from stern to bow, walking you through the yacht in detail.
Like to know more?
At Fairline we take the protection of your data very seriously and comply fully with the EU General Data Protection Regulation (GDPR).
Complete the form below and we will pass your enquiry straight to a member of our authorised dealer network who will be in touch with you shortly.
By submitting the contact form, you are agreeing to sharing the data you have provided with your selected Fairline Yachts dealer. This information is not accessible to Fairline Yachts. The data will be kept in line with the General Data Protection Regulation (GDPR), effective 25th May 2018: Find out more
F i n d y o u r F a i r l i n e
News & events.
18th April 2024
Authorised Dealership now in San Francisco
Fairline has announced MRN Yacht Sales as its partner in California.
27th February 2024
Come and start your career with Fairline
Our Recruitment Open Day is set to take place on 2nd March. We're gearing up to fill positions at our Oundle manufacturing facility, promising exciting opportunities for job seekers in the marine industry.
5th February 2024
Miami line-up announced
Fairline has announced its line-up for Miami International Boat Show (14-18 February 2024) which includes the Squadron 68, Squadron 50, Targa 45 OPEN and the F//LINE 33.
25th January 2024
Squadron 58 wins at the Motorboat of the Year awards
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FAIRLINE YACHTS HOLDING LIMITED
Company number 13447956
- Company Overview for FAIRLINE YACHTS HOLDING LIMITED (13447956)
- Filing history for FAIRLINE YACHTS HOLDING LIMITED (13447956)
- People for FAIRLINE YACHTS HOLDING LIMITED (13447956)
- More for FAIRLINE YACHTS HOLDING LIMITED (13447956)
- Persons with significant control
Persons with significant control: 1 active person with significant control / 0 active statements
Fyh (Holding) Limited Active
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People for FAIRLINE YACHTS HOLDING LIMITED (13447956) More for FAIRLINE YACHTS HOLDING LIMITED (13447956) Registered office address 25 Savile Row, London, England, W1S 2ER . Company status Active Company type Private limited Company Incorporated on 9 June 2021. Accounts. Next ...
Fairline Yachts Ltd, Oundle, PE8 4HN, United Kingdom. Email: [email protected] Phone: +44 (0) 1832 273661. Mobile: Get directions. Make an enquiry. Pre-owned stock. Back. Make an enquiry. You are sending an enquiry to. ... Fairline has announced MRN Yacht Sales as its partner in California.
2017. Fairline's 50th anniversary was celebrated in style across the world. One of the largest customer events took place in Mallorca, where 50 Fairline's came together to create the largest flotilla of its kind. September saw the launch of the Targa 63 GTO - the first of the Alberto Mancini-designed Fairline yachts.
Fairline Yachts Ltd. Predecessor: Fairline Boats: Founder: Jack Newington: Headquarters: Oundle, United Kingdom: Parent: Hanover Investors, UK: Fairline Yachts is a British manufacturer of luxury motor yachts. Started in 1963 by Jack Newington, the company builds motor yachts in Oundle, Northamptonshire.
More for FAIRLINE YACHTS LIMITED (09937735) Registered office address Nene Valley Business Park, Oundle, Peterborough, Cambridgeshire, PE8 4HN . Company status Active Company type Private limited Company Incorporated on 6 January 2016. Accounts. Next accounts made up to ...
About Fairline Yachts. Founded in 1967 in Oundle, Northamptonshire, with British craftsmanship at its core, Fairline Yachts encompasses power, performance and comfort. A global business with a network of more than 50 authorised dealers in key yachting locations around the world, Fairline designs and manufactures three ranges of luxury motoryachts:
In June 2021, Fairline Yachts Holdings Ltd became the sole shareholder of Fairline Yachts Ltd, with additional investment injected and a new board of directors appointed. The directors have worked with the ultimate shareholder, Hanover Active Equity Fund II, and other financial institutions and have increased financing facilities to support the ...
17 Jan 2022. MA. Memorandum and Articles of Association. View PDF Memorandum and Articles of Association. - link opens in a new window - 28 pages. (28 pages) 1. FAIRLINE YACHTS HOLDING LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business ...
Fairline Yachts Americas LLC, 4000 Hollywood Boulevard, Suite 555-S, Hollywood, Florida, 33021 United States. Email: [email protected] Phone: ... the F//LINE has been designed in collaboration with celebrated Italian yacht designer, Alberto Mancini and delivers the full package - head-turning lines, an exceptional ride, sharp handling and ...
Fairline Yachts Limited is an active company incorporated on 6 January 2016 with the registered office located in Peterborough, Northamptonshire. Fairline Yachts Limited has been running for 8 years. There are currently 2 active directors according to the latest confirmation statement submitted on 23rd November 2023.
Fairline Yachts General Information Description. Manufacturer of yachts based in Oundle, England. The company specializes in fiberglass motor yachts, private yachts and marine boats, providing clients with custom-crafted yachts as per their needs.
FAIRLINE YACHTS HOLDING LIMITED is a Private Limited Company from LONDON ENGLAND and has the status: Active. FAIRLINE YACHTS HOLDING LIMITED was incorporated 1 years ago on 09/06/2021 and has the registered number: 13447956. The accounts status is NO ACCOUNTS FILED and accounts are next due on 09/03/2023.
More for FAIRLINE YACHTS HOLDING LIMITED (13447956) Officers; Persons with significant control; Filter officers Filter officers Current officers Officers: 4 officers / 1 resignation BOSCOTT, Rebecca Jane Correspondence address 25 Savile Row, London, England, W1S 2ER ...
Fairline Yachts sold to investment group. 14 June 2021 • by Nic Robinson. British builder Fairline Yachts has been acquired by Hanover Investors for an undisclosed sum.
Fairline Yachts Holding Limited is an entity registered with the Companies House, Department for Business, Energy & Industrial Strategy, United Kingdom. The company number is #13447956. The business office address is 25 Savile Row, London, W1S 2ER, ENGLAND. Company Information.
Fairline Yachts Ltd, Oundle, PE8 4HN, United Kingdom. Email: [email protected] Phone: +44 (0) 1832 273661. Mobile: Get directions. Make an enquiry. Pre-owned stock ... This information is not accessible to Fairline Yachts. The data will be kept in line with the General Data Protection Regulation (GDPR), effective 25th May 2018: Find out more ...
Order a certified document. Use this service to order a certified copy of a document from a company's filing history. What you'll need Order certified document. FAIRLINE YACHTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity.
The new Fairline Marina platform is specifically designed to connect fans and customers of our brand in this time of social distancing.. The Fairline Marina brings the world of hand-crafted luxury boats direct to you. The platform includes 360-degree detailed tours of all the yachts within our Squadron, Targa and F//LINE model ranges, allowing you to explore the Fairline family of yachts from ...
Company Overview for FAIRLINE YACHTS LIMITED (09937735) Filing history for FAIRLINE YACHTS LIMITED (09937735) People for FAIRLINE YACHTS LIMITED (09937735) Charges for FAIRLINE YACHTS LIMITED (09937735) More for FAIRLINE YACHTS LIMITED (09937735) Filter by category. Filter by category Show filing type.
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