Founded in Plymouth in 1965 as Marine Projects (Plymouth) Ltd, it was bought in 1981 by South African businessman Graham J. Beck, who sold the business to French businessman Bernard Arnault's investment group, L Capital, a division of LVMH for £200million in June 2008.
Their current model program includes a series of flybridge yachts ranging from the Princess 42 at 44 feet, 3 inches (13,5 metres) to the Princess 95 at 95 feet 3 inches (29,3 metres), and a series of sporting yachts, designated as V-Boats and ranging from 42 to 85 feet.
- "Luxury yacht firm's 'golden' deal". BBC News. 2008-06-03. http://news.bbc.co.uk/1/hi/england/devon/7432960.stm. Retrieved 2008-06-03.