# FBL Realisations Limited (00939223)

> Why UK company 00939223 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00939223

- **Status:** Administration ended
- **Administration began:** 2015-12-02
- **Administrators:** Geoffrey Paul Rowley, Alastair Massey
- **Administrators' firm:** FRP Advisory
- **Formerly:** Fairline Boats Limited; Fairline Boats P.L.C.
- **Incorporated:** 1968-09-23
- **Location:** London
- **Industry:** 30120 Building of pleasure and sporting boats

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

Fairline Boats Limited (“Fairline”) manufactured luxury motor yachts in the range of 38 to 78 feet in two locations in Northamptonshire and operated a sea testing facility in Ipswich for their farger vessels

Over the four years ended 31 December 2011, Fairline incurred trading losses of approximately £40m with a similar cash outflow over that period

The Fairline Group of companies was purchased from private equity firm, 31, by Macsco 30 Limited (‘M30’) (a joint venture between BECAP Fairline Boats Limited (’BECAP”) and West Register (Investments) Limited, a Royal Bank of Scotland (‘RBS”) investment vehicle) on 13 July 2011

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00939223/filing-history/MzE0MDgyMzQyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00939223

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.