That boat has sat, untouched and unloved for as many years as I can remember at port solent. I think Port Solent tried, without success, to auction off/dispose of it a few times as the owner had gone awol. I also nicked the name for my old Formula.
"It has been in dry storage until last year" - Outdoors at port solent is hardly what you'd call dry storage.
Very odd that the owner has popped up again after all this time.