British Shipbuilders Corporation - Denationalisation

Denationalisation

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• Scott Lithgow (Offshore Division) - 1981 - individual operating companies dissolved, sold to Trafalgar House in 1984, closed 1993.
• Brooke Marine (Merchant Division) - management buyout in 1985. Ceased trading in 1992.
• Vosper Thornycroft (Warship Division) - 1985 - management buyout, known as VT Group until 2008, now BAE Systems Surface Ships.
• Yarrow Shipbuilders (Warship Division) - 1985 - sold to GEC-Marconi as Marconi Marine (YSL) then to BAE Systems as part of BAE Systems Marine, now BAE Systems Surface Ships.
• VSEL (Warship Divsion) - 1986 - employee buyout, with Cammell Laird as a subsidiary. Acquired by GEC-Marconi in 1995 as part of Marconi Marine, then to BAE Systems as part of BAE Systems Marine, now BAE Systems Submarine Solutions.
• Cammell Laird (Warship Division) - 1986 - as a subsidiary of VSEL, finished shipbuilding in 1993, now ship-repair firm.
• Ailsa Shipbuilders (Merchant Division) - 1986 - Ailsa split from merged BS subsidiary Ferguson-Ailsa and sold to Perth Corporation as Ailsa Perth Shipbuilders. Ceased shipbuilding in 1988.
• Hall Russell (Warship Division) - 1986 - management buyout, later acquired by A&P Appledore International in 1989, closed 1992.
• Swan Hunter (Warship Division) - 1987 - management buyout, entered receivership 1994, bought by Jaap Kroese. Ceased shipbuilding, 2006.
• Govan Shipbuilders (Merchant Division) - 1988 - sold to Kværner as Kvaerner Govan, to GEC-Marconi 1999 as part of Marconi Marine then to BAE Systems as part of BAE Systems Marine, now BAE Systems Surface Ships.
• Ferguson Shipbuilders (Merchant Division) - 1986 - Ferguson split from merged BS subsidiary Ferguson-Ailsa and merged with Appledore Shipbuilders to form new BS subsidiary Appledore-Ferguson. Ferguson Shipbuilders sold to Clark Kincaid (HLD Group) in 1989.
• Appledore Shipbuilders (Merchant Division) - 1986 - merged with Ferguson Shipbuilders to form new BS subsidiary Appledore-Ferguson. Sold to privatised North East Shipbuilders Ltd. to form A&P Appledore International in 1989.
• Clark Kincaid (Engineering Division) - 1989 - management buyout (HLD Group), later acquired by Kvaerner in 1990. Kvaerner Kincaid sold to Scandiaverken in 1999 and ceased manufacturing in 2000.