Announcing profitable results, together with a good order book across its range, Oyster closed the year 2012 in its strongest position for many years. The groups turnover in 2012 was up on 2011, bringing a second year in a row of improving results from the recession associated low points of 2008 and 2010. Furthermore, Oyster is please to confirm five orders for the new sailing yacht Oyster 885 and three new orders for the Oyster 825 yacht.

Oyster 82 sailing yacht Starry Night, Class 1 winner and Oyster 575 Dreamer yacht, Class 2 winner and overall winner both Classes, enjoy Oyster's 31st Regatta in Grenada

A debt free balance sheet reflects a successful restructuring in February ‘12 of the leveraged private equity ownership which ran from early 2008 to the end of 2011. The new shareholders are committed to a long term investment in the Company and to maintaining Oysters unrivaled After Sales and Support operations.

In June 2012 the Group acquired the fit-out business of E.C. Landamore & Co. of Wroxham which for the previous four decades had been fitting out Oyster yachts as a subcontractor to the Group. This strategic acquisition focuses production of the smaller yachts at the Landamore site whilst the larger yachts are built at the wholly owned facility in Southampton. Plans are being formulated to further expand the Wroxham facility to deliver greater production efficiencies.

Oyster’s focus on its Owners enjoyment of their yachts continues and the inaugural Oyster World rally fleet is now mid-pacific en route to their ‘half-way party’ in Australia in early August ‘13. Oyster also just concluded the 31st Oyster Regatta in Grenada and on a final note, Oyster is pleased to confirm more than 15 entrants already planning for the second World Rally, starting in January ‘16.