LUXURY boat builder Princess Yachts is back in the list of the UK’s biggest mid-market companies after making an £11 million profit; a huge turnaround for the firm which a year earlier had made a £7 million loss.

The company, which now employs close to 3,000 people at sites around Plymouth, now has an order book of £750 million and after a stellar year the firm is now enjoying its highest sales figures in its 53 year history. It is now predicting that profits could reach £30 million for 2018 and it is launching more new models.