John Boyd, Audit Director, talks about the report.
A transcript of this video is available to download with the other files on this page.
Publication: The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited
The future of the publicly owned Ferguson Marine Port Glasgow (FMPG) shipyard is uncertain, with no more work secured beyond the completion of MV Glen Rosa (802).
FMPG has now handed over the delayed MV Glen Sannox, with MV Glen Rosa currently due to be delivered in September 2025. However, there are multiple risks to the continued costs of completing MV Glen Rosa. Ongoing investment is needed to make the yard competitive and generate future income.
Main report
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Annual audit report
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Video transcript
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