Miss England III was the last of a series of speedboats used by Henry Segrave and Kaye Don to contest world water speed records in the 1920s and 1930s.

She was the first craft in the Lloyds Unlimited Group of high-performance speedboats created to make attempts on the water speed record, and consequently wore the registration 'K1' with the corresponding 'infinity' symbol.

On 18 July 1932, Kaye Don set a new world water speed record of 119.81 mph (104.11 kn; 192.82 km/h) on Loch Lomond.

Miss England III was also entered as challenger for the Harmsworth Cup in 1932, to take place on Lake St. Clair, Detroit, Michigan, over September 3–5, with Kaye Don at the helm.

As he did so, according to J. Lee Barrett, Don "became surprised and excited, jammed down on the throttle to his starboard engine, loosened the throttle connection and loped the remaining distance on one engine"[3] In the second heat, Miss England III began slightly ahead, but Wood took the lead at the first turn, and the English boat slowed to a stop during the second lap.