Fairline Yachts in Oundle enters administration
- Fairline Yachts has entered administration less than two months after being sold to new investors, as reported by Sky News.
- The company's main lender, DF Capital, triggered the appointment of Alvarez & Marsal as administrators, according to Sky News.
- Michael Magnay, joint administrator, stated that the business is continuing to trade as usual with no redundancies at this time, as reported by BBC News.
- The company, founded in 1967, is actively pursuing a sale and is confident of interest due to its recognized brand and strong heritage, according to Michael Magnay.
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