Management of the yard was awarded in 1987 to Babcock Thorn (a consortium of Babcock International and Thorn EMI). Babcock later bought out Thorn and yard was purchased in 1997 becoming part of Babcock Marine together with the former Devonport Dockyard. Acquired FBM Marine of Cowes in 2000 after which the Cowes yard was closed and work was transferred to Rosyth Dockyard as FBM Babcock Marine.