Norfolk-based Oyster Yachts (www.oysteryachts.com) has officially opened a new in-house facility for moulding hulls, which has resulted in the creation of 23 new jobs.

The site at Ashmanhaugh will give the company full control over every aspect of the production of its yachts, and it can manufacture up to four hulls at a time, with the capacity to expand further.

Oyster Yachts collapsed with the loss of 180 jobs in February last year, before being bought out of liquidation by gaming entrepreneur Richard Hadida.

Calling the new facility “a major milestone”, Mr Hadida said: “We place huge importance on the high-quality performance and build quality of our yachts, and of course safety is paramount.

“The Lloyds Register certification of our yachts ensures that we remain at the forefront of the blue-water cruising industry, as we continue to innovate and provide best-in-class service.

"We are also delighted to provide a further 23 jobs for the Norfolk area, underlining our commitment to the local communities in which we operate.”