Taking a business to the next level is always a challenge. Martin Rice, the chief executive of Farra Marine, knew his boats were world class at building, operating and maintaining offshore wind farms in Europe. He had bootstrapped the business from a shed in the back of his parents’ council home in 2020 to leading a business that had raised millions from investors and employed more than 100 people in its headquarters in Dundalk. Against the odds he had built a fleet of 15 high-tech boats each costing €6 million. But the scale of the market was so big he…

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