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Built at Camper & Nicholson Yard at Gosport for W.F. Stephenson, It was launched in 1933 and christianed of the name of her owner\'s three daughters: Velma, Sheila and Daphne. It never sailed in American waters,but only challenged British trophees.In 1933, she was the real star of the season,Winning 20 of the 43 regattas. Her fame came also from her numerous victories on Sir Thomas Lipton Shamrock V in the competions. After numerous glorious seasons, she languished for years.

It had been used previously as a houseboat in this time, was returned to sailing form in a highly authentic, though low budget project in the 1980s. Her glory days are back, however, courtesy of a 1997 refit that added a steering cockpit, a second deck-house and carbon fiber spars.