Northamptonshire luxury boat manufacturer to make hundreds of employees redundant

A Northamptonshire luxury boat manufacturer will have to shed hundreds of jobs after calling in administrators, a recent news report in the local media has been able to find.

Fairline employed about 450 staff before having to call in administrators from FRP Advisory. The insolvency experts kept just 69 members of staff to assist with the continued trade of the business and to work on existing orders.

Fairline operates from Oundle and Corby in Northamptonshire. It also has a testing site in Ipswich and the majority of remaining staff are divided between the two East Midlands sites while a "handful" remain in Ipswich.

Alastair Massey of FRP Advisory said: "Since the appointment of administrators our focus has been on liaising with staff, customers, suppliers and agents to ensure value can be realised from servicing existing orders whilst we explore options for the business including marketing it for sale.

"We shall be retaining a core team of staff to help service orders and continue operations where possible. We are liaising with staff trade unions and actively assisting all those members of staff who have regrettably had to lose their jobs and ensuring they make timely claims to the Redundancy Payment Service.”

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