Bates Wharf hints at possible investment for Fairline

Motorboat & Yachting: Fairline’s principal dealer Bates Wharf has hinted at a possible future for the company, which is currently under administration.


Two days after Fairline Boats was placed into administration, the firm’s principal dealer has revealed that there may be a future for the brand after all.

Richard Bates, director of Bates Wharf, told MBY: “Wednesday’s news came as a surprise to all of us, mainly because only two weeks before, all the dealers were invited to a presentation by Wessex Bristol at the factory where they unveiled a very detailed plan for the future of Fairline.”

He added that Wessex Bristol had planned to launch three new models in the 35-60ft market, backed by ring-fenced Middle Eastern investment.

The new models would be built in the Nene Valley plant, following the closure of Fairline’s facilities at Oundle.

Hopes now rest on administrators FRP Advisory selling the firm as a going concern, rather than breaking it up to pay off the company’s debts.

“I believe that because of the all the above study work they have a realistic chance of finding and attracting a buyer quickly,” Richard added.

One of the things that might persuade a new investor to snap up Fairline is their strong dealer network, with a backlog of more than 25 orders in the pipeline.

“On retail sales, Bates Wharf is heading for a record year with all brands since Southampton,” Richard continued. “We are down to minimal stock so we have a big potential order bank.”

See article at Motorboat & Yachting

Contact Us

Tel: +44 (0)20 7929 4058
Fax: +44 (0)20 7933 9350
Click here to email us

Velos Insurance Services Limited
5th Floor, 81 Southwark St,
London SE1 0HX
View map

Connect with us

Latest News

British sailor Elliot Willis is fundraising for cancer charity

Practical Boat Owner: British Sailing Team sailor Elliot Willis is cycling 250 miles this September for The Royal Marsden Cancer Charity: ‘Because they got me to this point where I feel I can do it.’   The Team GB

September 16, 2016 read more