The two remaining Mk.
III examples of the craft (GH-2006 Princess Margaret and GH-2007 Princess Anne) were bought by Wensley Haydon-Baillie for £500,000 and were stored at Lee-on-Solent, next to the Hovercraft Museum.
Haydon-Baillie is the owner of the super yacht Brave Challenger which uses the same Rolls-Royce Proteus Marine engines as the SR.N4s.
The purchase included seven years worth of spares including engines.
As of winter 2015 all engines and APUs had been removed from the craft.
The SR.N4s were put up for sale and Hover Transit Services of Bolton, Ontario, proposed putting the hovercraft back in operation (following a US$10 million purchase and refurbishment) on Lake Ontario with service between Rochester, New York, and Toronto, Ontario.
The plan did not come to fruition, with government officials concluding that the organisation lacked the experience necessary to be viable.

The land on which the Hovercraft Museum stands is owned by the Homes and Communities Agency.
The proposed redevelopment of the site has led to the two craft being threatened with scrapping, but a petition was launched with the aim of preserving one of the craft, which led into a 3-year lease of the hovercraft to the museum in August 2016 with the intention of subsequently permanently handing over the hovercraft to the museum, The Princess Anne was the craft chosen to be kept and will be restored in a former Seaspeed livery.

In March 2018, GH-2006 Princess Margaret was broken up at Lee-on-Solent by her last owners, Homes England.
GH-2007 The Princess Anne remains on site leased to the Hovercraft Museum.
The two remaining Mk.III examples of the craft (GH-2006 Princess Margaret and GH-2007 Princess Anne) were bought by Wensley Haydon-Baillie for £500,000 and were stored at Lee-on-Solent, next to the Hovercraft Museum. Haydon-Baillie is the owner of the super yacht Brave Challenger which uses the same Rolls-Royce Proteus Marine engines as the SR.N4s. The purchase included seven years worth of spares including engines. As of winter 2015 all engines and APUs had been removed from the craft. The SR.N4s were put up for sale and Hover Transit Services of Bolton, Ontario, proposed putting the hovercraft back in operation (following a US$10 million purchase and refurbishment) on Lake Ontario with service between Rochester, New York, and Toronto, Ontario. The plan did not come to fruition, with government officials concluding that the organisation lacked the experience necessary to be viable.
The land on which the Hovercraft Museum stands is owned by the Homes and Communities Agency. The proposed redevelopment of the site has led to the two craft being threatened with scrapping, but a petition was launched with the aim of preserving one of the craft, which led into a 3-year lease of the hovercraft to the museum in August 2016 with the intention of subsequently permanently handing over the hovercraft to the museum, The Princess Anne was the craft chosen to be kept and will be restored in a former Seaspeed livery.
In March 2018, GH-2006 Princess Margaret was broken up at Lee-on-Solent by her last owners, Homes England. GH-2007 The Princess Anne remains on site leased to the Hovercraft Museum.
SR.N4