Leading UK sailing yacht brand Oyster Yachts has gone into liquidation. The reasons for the crash are not yet known but around 150 jobs are thought to be at risk.

A statement on the yacht builders website from CEO David Tydeman says: 'It is with sincere regret that we advise that the Company has been unable to secure financial support to enable it to continue to trade at this time and it is looking at all opportunities available. Further information will be issued as soon as we can'.