Only one of the pair still remains, this is hull No1 "Fataam", her home port is Puerto Duquesa in southern Spain. Today, Swordsman Marine builds motorboats based on Fairey designs. These include speedboats based on the Spearfish, using the same hull with a modified cabin and modern engine and controls, and larger cabin cruisers based on a modified version of the Dagger design. Fairey Marine absorbed the East Cowes firm of Groves and Gutteridge Ltd., established since 1899. One of the main products of the Company has been lifeboats for the Royal National Lifeboat Institution. Fairey Marine was taken into Receivership along with other companies in the Fairey Group in 1975 when the parent company went into liquidation. The business was subsequently absorbed into what is now the marine division of Babcock International Group. 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. In March 2000, FBM Marine was acquired by Babcock International Group PLC, a major UK based support services, facilities management and engineering company specialising in the support of defence forces worldwide, and renamed FBM Babcock Marine Ltd. The hot moulding process was an adaptation to post war boat building of the method originally developed by de Havillands in the 1930s for "stressed skin" wooden aircraft production, using layers of thin birch plywood sandwiched together with glue over a male mould and "cooked" in a large oven called an “autoclave” By using true mass-production techniques, Fairey Marine were able to turn out vast numbers of identical boats at an unprecedented quality and price. Moulds were constructed from spruce, built up on a steel base plate. Seven by three inches planks cut to the waterplane sections provided the starting point.