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Michael Magnay, joint administrator to Fairline Yachts, said: “The business is continuing to trade as usual.

“We are thankful for the support and understanding of staff and there are no redundancies at this time.

“We are actively pursuing a sale of the business and are confident of a substantial amount of interest given the recognised brand and strong heritage.

“We encourage interested parties to make contact with us.”

The company’s prototype and development teams are based nearby Corby, while its testing facility is based at Ipswich Marina in Suffolk.



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