Production resumed in the summer of 2015 under Vladimir Zinchenko, who distributed Seaway boats in the Russian market, in a hall rented from the bankruptcy estate of Seaway.

"We've really made huge headway. We started with five managers and seven workers, now we have 25 managers and over 120 workers," Zinchenko told the STA.

When Seayway went belly-up, customers wanted either their boats delivered - at the time Seaway had 25 boats in its order books - or their money back.

While Zinchenko's SVP Avio lost the majority of those orders as well as agents, Zinchenko said it was now "recapturing the lost territory".

"We've found new agents, we've significantly shortened production processes, and we're delivering the boats on schedule."

The company focuses on what sells best. At the moment the best sellers are the electric-hybrid yachts Greenline 47 and 36, with bigger models coming soon.

The brothers Japec and Jernej Jakopin, which started Seaway in the early-1980s and designed all the boats, are still involved in the design process.

This year the company plans to make about 100 boats and expects to expand to a new facility, where plastic parts will be manufactured starting in December.

SVP Avio still rents the bankrupt company's premises at Zgoša and Bled, as well as Seaway's flagship brands Greenline and Shipman.

The bankruptcy administrator is selling the real estate as well as old stock as a whole, but Zinchenko said the price was still too high.