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In August 1974 Hurley Marine went out of business having endured two years of a recession and the H22 moulds were bought by two ex-Hurley employees who set up South Coast Marine. In 1975 SCM re-started production of the H22 having the hull and deck mouldings produced by Moody Marine Projects. Around 40% of SCM H22s were exported to Holland and sold there as the Hurley 700. SCM subsequently produced new deck moulds incorporating an anchor locker and long window to maintain the high standards set by the original builders and in April 1980 at the beginning of the next recession SCM went into receivership having built about 425 boats. Around 20 of their boats were left in the hands of the receivers and these were sold off unfinished in 1981
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