British yacht builder Sunseeker has announced it has secured additional funding to strengthen its financial position and support ongoing operations.
The fresh capital is from the luxury boatbuilder’s existing lenders, Cheyne Capital and Cross Ocean Partners.
To facilitate the investment, there have been changes to the board of directors and receivers have been appointed over the shares of Sunseeker Investments Limited, an indirect parent company.
Sunseeker has emphasised that this process only concerns Sunseeker Investments, with no effect on the brand’s day-to-day operations.
The appointment does not impact any existing contracts, and existing orders will continue to be built as planned.
Andrea Frabetti
Andrea Frabetti, Sunseeker CEO, has stressed that the business continues to trade as normal saying ‘I want to reassure you that this process has no impact on our day-to-day-business, our people, customers, distributors or suppliers’.
“The appointment does not impact any existing contracts, and existing orders will continue to be built as planned,” he said.
Documents filed at Companies House show the termination of Augusto Balestra as director of Sunseeker International and the termination of Mario Gardini as director of both Sunseeker International and Sunseeker Investments along with the appointment of Nicholas Pike as director of Sunseeker Investments.
Nicholas Pike heads Pike Restructuring Limited, a management consultancy providing director services to companies facing multiple challenges in the UK and worldwide.
Reorganisational restructure
The announcement comes after Sunseeker outlined a proposed reorganisational restructure in June 2025, which included a consultation process affecting up to 200 roles – around 10% of the company’s workforce.
Sunseeker was sold to an Italian and American partnership of private equity companies in November 2024.
The company’s latest accounts saw revenue grow by 21.3% from £268.1 million in 2022 to £325.3 million in 2023.
In January 2025, Sunseeker announced it planned to launch a Superyacht Division with a new range of yachts spanning 100 to 140 feet.
