Tom Howard, along with son Leo and daughter Lyn, celebrate their success in the prestigious Commadore Cup but when Tom reveals he has been made redundant from Southern Aviation, none of his family is too happy. Jack Rolf is concerned that his business, The Mermaid Boat Yard, is about to go bankrupt. Tom discusses his problems with Avril Rolf and considers investing his redundancy in the Boat Yard.

Charles and Ken come to gentleman's agreement about the planned marina. Jack turns to drink when the yard loses the German business contract and the bank threatens to foreclose on on the loan. Charles talks with Avril about purchasing the yard. When Tom wants to re-mortgage their home, Jan turns him down flat. Meanwhile, Ken offers Jan a helping hand and Leo finds Abby. Jack is outraged, yet again, by Tom and Avril's decisions about how to run the yard.