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FAIRLINE YACHTS LIMITED
Company number 09937735
- Company Overview for FAIRLINE YACHTS LIMITED (09937735)
- Filing history for FAIRLINE YACHTS LIMITED (09937735)
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Filter officers
Officers: 18 officers / 16 resignations, hicks, martyn, katechia, hitesh, bondareva, larisa, carley, jason edward, currie, russell, gilding, karl tristan, glyanenko, igor, grys, paul john, hicks, martyn john, lomakin, andrey, makarov, dmitry, mchugh, david andrew, mcnulty, peter joseph, pankhania, priteshkumar murji, peretie, michel marie raoul gerard, tydeman, david rolfe, volov, alexander.
Fairline Yachts acquired by Hanover Investors
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In Focus: Fairline Yachts talks deliveries, demand, sustainability and new craft
Wednesday, July 26th, 2023
Written by: Zella Compton
Although he describes the market as “beginning to soften back towards pre-covid levels”, with inflation impacting rising costs and Brexit also playing its part, Fairline’s chief executive Paul Grys says the boatbuilder is looking to deliver similar levels of boats in 2023 as it did in 2022 — a significant uptick up on its covid-affected 2020/21 output.
“We are holding margin and continuing to manufacture our yachts to fulfil our existing orders,” says Grys. “It would be fair to say that parts of the supply chain have been patchy, but it is getting much better. This is something that’s affecting everyone in the industry, though, not just us.”
In fact, one of the company’s current challenges is keeping up with demand.
The company has just under 50 dealers throughout its global network (it recently appointed a new dealer for Greece and Cyprus , with a little over 70 sales points within that — some dealers have multiple locations), which means Fairline is currently represented in every territory it would like to be. As Grys puts it: “The extensive interest in our new products is very promising for future orders.”
According to Grys, product innovation is one of Fairline Yacht’s keys to success. “Customers in our market desire the latest products, so it is important that we continue to design and manufacture new products which answer that demand. With every new product, there are learnings from the last and listening to customers and making tweaks provides the best foundation when we are designing our next yacht.”
But, what he is not hearing from customers is a demand for sustainability.
“We’re not seeing a change from our customers about what they are looking for. Fairline currently does not offer a sustainable option within its product range,” Grys says. “We are, however, interacting with key strategic supplier partners and look forward to reviewing more sustainable technologies and opportunities.”
Similarly, the company doesn’t have an end-of-life policy for its product, and Grys reiterates: “our customers aren’t currently asking for sustainability.”
What they are looking for, Grys believes, can be found in the iconic designs.
He says: “Fairline is not a brand that follows trends or fashion. We are always striving to design a yacht that looks as fresh in year ten as it did in year one. Our core values are very important because the whole world of Fairline revolves around the product. I also think our after-sales service is a vital part of that iconic offering. Boats do go wrong, and it’s how you respond to that and how quickly you respond, which is all part of building that premium brand.”
The company started building with GRP in 1967, and “we haven’t found a need to change the way we build Fairline yachts,” says Grys. “We proudly continue to be a British-made, hand-crafted product.”
The company now employs circa 500 employees from its base in Oundle, Northamptonshire, where it builds its motor yachts.
That Fairline enjoys international demand is obvious. It exports around 90 per cent of its annual volume every year. Grys says Fairline’s popularity is because the design strategy is all about connection to water.
He explains that as “ensuring the boat is as light and airy as possible and offers owners easy access to outdoor living space. This commitment is felt through all our products ranges from our F//Line 33 with its innovative fold-down transom to the Targa 45 s with their large cockpits.
“Our new products, like the Squadron 58, which will be making its world debut at Southampton International Boat Show this year, boasts twin balconies and an innovative extendable bathing platform.
“We’ve also always had large opening sunroofs, but a more recent focus has been on much larger glazing both in the hull, ensuring the lower accommodation has lots of natural light, but also in the superstructure making the saloons and cockpits open as well. The larger glazing allows light to flood in but also gives that feeling of space being able to get such a wide view of your surroundings from inside.”
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MIN magazine
Dive into MIN’s print edition which is now online for your convenience. More stories, more in-depth features, more product news and more exclusive interviews. Enjoy thoughtful analysis of the marine trade sector from across the world and get onboard with new trends.
W h e n a l e g e n d m e e t s a n i c o n .
T h e n e w t a r g a 4 0 , t h e n e w s q u a d r o n 5 8 : a f r e s h l o o k . s a m e b e a t i n g h e a r t . , w h e r e l u x u r y & e x h i l a r a t i o n c o - e x i s t , t h e w o r l d a t y o u r f i n g e r t i p s , a n e x c i t i n g n e w o u t l o o k o n l i f e , t h e s t r i k i n g f / / l i n e 3 3 , f i n d y o u r p e r f e c t f a i r l i n e , f / / l i n e .
The F//LINE has set the industry alight and hearts racing. Sleek, sporty and with searing performance, this is a modern weekender made for exhilarating, wind-in-the-hair adventure.
Designed in collaboration with celebrated Italian yacht designer, Alberto Mancini, the F//LINE delivers the full package – head-turning lines, an exceptional ride, sharp handling and breath-taking performance.
T a r g a
Sophisticated styling meets the ultimate in power and performance. A Targa delivers an engaging driving experience alongside svelte exterior lines, generous living spaces and outstanding flexibility on and below deck.
Designed for life on the water, this iconic motor yacht range has been elevated by the designs of Alberto Mancini and our own in-house team, resulting in the perfect marriage of elegant Italian refinement and British craftsmanship.
Open-plan living provides Targa owners with spacious socialising and sunbathing areas and a seamless connection to the water. With deft use of glass above and below decks and versatile layouts, this class-leading range pushes the boundaries of modern sports cruiser design.
Targa has year-round appeal thanks to the standard fit sunroof across the range and the option to have an open or fully enclosed main deck.
P h a n t o m
The iconic Phantom name is reimagined in Fairline’s first sportsbridge yacht, the stunning Phantom 65.
An exciting blend of flybridge accommodation with sportscruiser handling and style, the Phantom delivers triple-deck living spaces and razor-sharp looks with the on-water dynamics to match.
The Phantom offers motor yacht owners a game changing combination of Targa and Squadron attributes thanks to its beautifully proportioned upper deck and the addition of a glass sunroof above the main saloon.
A masterstroke in modern yacht design, the Phantom offers a huge array of al-fresco dining, entertaining and lounging spaces to soak up the sun alongside captivating, streamlined looks and thrilling performance.
S q u a d r o n
Uncover a world of new possibilities. With numerous layout options and expansive flybridges, a Squadron is designed for the adventure-seeking family. Renowned for its alluring mix of luxurious accommodation and intelligent design, this iconic marque is light, spacious and open with beautifully integrated practical design features.
With expansive cockpits, luxurious saloons and sumptuous cabins with full-standing headroom, a Squadron affords owners exquisite open-plan living for life on the water. Enjoy sundowners on the sociable flybridge, relax on the foredeck sunpads or catch the morning sun on the submersible bathing platform.
The Squadron design maximises owner’s connection to the water thanks to light-filled interiors, huge windows, and generous deck spaces.
Sophisticated and elegant, a Squadron offers supreme comfort matched with contemporary style.
Find a dealer
Fairline has one of the most extensive dealer networks in the industry with over 50 customer-focused dealerships worldwide. Our knowledgeable partners offer outstanding customer service and experience.
Become part of the Fairline family today.
A pre-owned Fairline is ready to create new memories. Explore our listings of pre-owned Fairlines and find your perfect match. With boats located around the world and a wide selection of models available, your Fairline could be right around the corner. In your hands, the adventure will continue.
O u r S t o r y
Fairline has been at the beating heart of boatbuilding for more than half a century and has built a reputation for enduring designs, expert craftsmanship, superior luxury and unrivalled performance.
From humble beginnings in Oundle, England, Fairline has become an iconic name in yachting worldwide with a range of boats spanning four model lines from 33-68ft (10-21m).
The spirit of adventure drives everything we do. With a team who are dedicated to their craft, we continue to bring fresh ideas, push boundaries and produce industry-leading marques, which marry the latest technical innovations with exceptional British craftsmanship, style and refinement.
Our collaboration with celebrated Italian yacht designer Alberto Mancini combines contemporary style with a long-standing heritage and our award-winning range of designs have become synonymous with outstanding seakeeping, performance and luxury.
Always remaining true to the Fairline DNA, we produce award-winning models that pair space with sophistication. Fairline’s brand legacy is one of carefree adventure for all who step aboard.
News & Events
18th April 2024
Authorised Dealership now in San Francisco
Fairline has announced MRN Yacht Sales as its partner in California.
27th February 2024
Come and start your career with Fairline
Our Recruitment Open Day is set to take place on 2nd March. We're gearing up to fill positions at our Oundle manufacturing facility, promising exciting opportunities for job seekers in the marine industry.
5th February 2024
Miami line-up announced
Fairline has announced its line-up for Miami International Boat Show (14-18 February 2024) which includes the Squadron 68, Squadron 50, Targa 45 OPEN and the F//LINE 33.
25th January 2024
Squadron 58 wins at the Motorboat of the Year awards
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COMMENTS
The Fairline Yachts management team includes Pritesh Pankhania (Chief Financial Officer), Miles Moorhouse (Head of Marketing), and Justin Waring (Head Of Design). Get Contact Info for All Departments
Fairline Yachts is targeting a greater share of the booming luxury yacht market by bringing in two senior industry leaders. The company is announcing today that it is appointing Paul Grys as its new Chief Executive …
FAIRLINE YACHTS LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business...
Luxury international motor yacht builder Fairline Yachts is being acquired by Hanover Investors, as the company seeks to capitalise on the buoyant global market, it has been announced today.
British motorboat manufacturer Fairline Yachts has announced Paul Grys will succeed Peter McNulty as its new chief executive officer. Former Fairline CEO Derek Carter is also re-joining the boatbuilder as chairman.
Motor yacht builder Fairline Yachts is being acquired for an undisclosed sum by Hanover Investors, as the company seeks to capitalise on the buoyant global market, it has been announced.
Fairline's chief executive Paul Grys reveals the boatbuilder is looking to deliver similar levels of boats in 2023 as it did in 2022.
Fairline Yachts's range includes the following models: Squadron – first launched in 1990 with the Squadron 62, a large yacht range. From 42 feet (13 metres) to 78 ft (24 m) Targa – first …
Our collaboration with celebrated Italian yacht designer Alberto Mancini combines contemporary style with a long-standing heritage and our award-winning range of designs have become synonymous with outstanding …