Founded in Cowes in the 1940's. Taken into receivership in 1975 with the rest of the Fairey Group, but re-emerged as Fairey Allday Marine. Acquired Groves & Guttridge and then Cheverton Workboats in 1983. Taken over in 1986 by the Marinteknik Group and renamed Fairey Marinteknik. Acquired the business of Brooke Marine in 1987 and renamed FBM Marine in 1988. Acquired by Babcock International in 2000 after which the Cowes yard was closed and work was transferred to Rosyth Dockyard as FBM Babcock Marine.