 When the main Fairey company went into receivership the work force and the management did not want to be taken over by Trafalgar House or Rank International because they expected that those companies would shut the firm and adapt the site for use as a marina.The workforce wanted to stay in boat building and were keen that the National Enterprise Board should take them over.Since then the company developed and expanded its range of products as well as acquiring a number of other companies including Cheverton Workboats, Brooke Marine and what became Fairey Marinteknik, the company was also known as Fairey Allday, all companies absorbed into Fairey produced the Waveney class lifeboat for the RNLI; see also Attacker class patrol boat, produced in the early 1980s before emerging as FBM Marine in 1988.