Clyde Blowers Capital is the front runner to rescue Ferguson although another three bids have been received by the KPMG partners who have been appointed administrators of the insolvent yard.
Administrators Blair Nimmo and Tony Friar said they expected to complete the sale within 14 working days.
"We would like to thank all parties who expressed an interest in securing the heritage and future of Ferguson Shipbuilders. There are still ongoing discussions to be had with Clyde Blowers, however, we are now confident a sale can be achieved quickly," Nimmo and Friar declared.
“This is a positive first step towards the potential resumption of ship building and ship repair activities at Port Glasgow. We would also like to thank all parties for their continued support and patience during a challenging time for all concerned,” they added.
Clyde Blowers whose origins lie in a company that blew steam boilers clean is a successful investor with a track record of turning struggling metal bashing companies around.
Clyde Blowers chairman, Jim McColl, who began as an apprentice at 16 at Weir Pumps but became a billionaire company doctor said he believed Ferguson could be rebuilt into a leading marine engineering business.
