Oyster Yachts has re-started manufacturing at its plant in Wroxham, Norwich.
It marks the beginning of the company’s next chapter following its sale to entrepreneur Richard Hadida. Yacht builders have begun work on an Oyster 675 yacht.
This is the first of two yachts Oyster currently has contracts for, with several more orders expected to be signed in the coming weeks as the company looks to complete projects which had been paused during the administration process.
Three months after the business was put into administration, 50 skilled yacht builders have been hired, all of whom have previously worked for Oyster and so share the Oyster heritage. Oyster will continue to scale up its hiring push as more order contracts are signed.
Since acquiring Oyster, Richard and the management team have been working to re-establish relationships with both existing and former clients, suppliers and of course employees.
Oyster successfully re-launched the Oyster World Rally on 23 April, another key milestone for the company, with 17 Oysters set to leave Vanuatu in the Pacific islands, setting sail for the Whit-Sundays in Australia.
Richard Hadida, Oyster’s CEO, said: “It brings me real pleasure to announce that the production of Oyster yachts has recommenced in Wroxham. Whilst we are moving into a new chapter for the business, we always knew that staying true to the company’s roots was vital. I am incredibly proud that we have been able to hire previous employees of the business, as it is their expertise and craftmanship which will ensure we maintain the mark of quality Oyster yachts are known for. As both CEO and a member of the Oyster family, I am delighted that we can now begin to fulfil existing client orders which were interrupted by the administration process, as well as look to the future with genuine confidence as we accept new contracts and return to full-scale production.”