She is presently on the slipway near Balloch Pier undergoing extensive repairs to her hull, complete paddle restoration and will be coated in her original livery of white, green waterline and buff coloured funnel before being launched again into Loch Lomond.

In 1950 the British Transport Commission, owner of the newly nationalised railways, made the decision to replace the Princess May and Prince Edward with a new paddle steamer, to be the largest inland waterway vessel ever in Britain.

The two-cylinder compound diagonal steam engine is less advanced than had the more usual type installed on steamers such as the PS Waverley, but was considered suitable for the limited area of operations.

A series of attempts to return the vessel to service under a succession of owners was unsuccessful, and she presented a sad sight gradually deteriorating at the side of the loch.

In 1995 the Council supported a group of local enthusiasts in setting up a charitable organisation, the Loch Lomond Steamship Company,[7] to take over ownership and carry on restoration.

[9] Fundraising continued for the next stages of the restoration including donations from the Wolfson Foundation,[10] the Paddle Steamer Preservation Society and £950,000 from the Scottish Government's Regeneration Capital Grant Fund, amongst others.

[15] Restoration work continued on the ship, with her interiors being returned to their original 1950s appearance while adding modern conveniences such as a lift between decks, and also enabling her engines and paddles to turn slowly fed by a package boiler mounted on the pier.