Oyster Yachts

In 1973 Richard Matthews founded Oyster Marine and commissioned the 32 ft prototype three quarter tonner sailing yacht UFO II, designed by British Naval Architects Holman and Pye and built by Norfolk based boatbuilder, Landamores.

[1] UFO won the Royal Yacht Squadron's de Maas Cup at Cowes in 1974.

Even during the company’s beginnings, when a lot of its boat building was subcontracted out, production was always awarded to other British yards.

[13] An investigation found the manufacturing process of the inner structure of the Oyster 825 led to the vessel sinking.

[14] Following the successful launch of several new models the company closed at the end of 2017 due to cash flow issues.

[10] On 20 March 2018, British tech entrepreneur and founder of Evolution Gaming Group Richard Hadida acquired Oyster Yachts in its entirety.

[16] The Oyster Board consists of Hadida and CFO Becky Bridgen together with Non-Executives Ashley Highfield (Senior Independent Director), Eddie Jordan, Ivan Ritossa and Rob Humphreys.

[18] Under Hadida’s ownership the company re-started manufacturing in its Wroxham yard on 15 May 2018, beginning to fulfil the contracts that Oyster held before it entered administration.

LORD RANK was lost, with no loss of life, during a delivery in June 2010 when she struck and sank on the Carrickmannon Rocks off Northern Ireland.