Since 1993 a team from SIMS under the direction of Dr Colin Martin has been conducting a long-term investigation of the wreck. The site has been surveyed in detail, and further steps taken to control erosion. Parts of the wreck remain under medium-term threat, and controlled rescue excavation of these areas has begun. This has identified elements of the collapsed stern structure, amongst which are encapsulated parts of the ship's interior fittings and contents. Among the finds made so far is part of the ship's binnacle and two mariner's compasses.
Work is scheduled to continue over the next few years.
In parallel with the archaeological investigation studies are being carried out on site formation processes. The complex tidal regimes which affect the wreck, and associated environmental factors, are being examined to obtain a better understanding of the site's present instability, and to identify ways in which it might be controlled. This has led to a programme of in situ conservation using sacrificial anodes. The site is a Designated Historic Shipwreck, and can only be dived on under licence from Historic Scotland. A scheme by which amateur divers may visit the site on designated open days has been established in conjunction with Historic Scotland.