A body believed to be Mike Lynch’s 18-year-old daughter has been located in the wreckage of a luxury yacht off the coast of Sicily, meaning all missing passengers have now been found.

Hannah Lynch, 18, was the final person missing after the boat sank on Monday (August 19). 

It is understood that Ms Lynch had a place to study at the University of Oxford after collecting her A-Level results just last week. 

Vincenzo Zagarola, of the Italian Coastguard, said the search for Ms Lynch has not been “easy or quick”, comparing the sunken yacht to an “18-storey building full of water”.

Mr Zagarola said: “From the first moment, it has not been easy or quick to inspect the boat.

“Think of an 18-storey building full of water.”

Mr Lynch, his daughter, Morgan Stanley International bank chairman Jonathan Bloomer, his wife Judy Bloomer, Clifford Chance lawyer Chris Morvillo, and his wife Neda Morvillo were lost when the yacht sank at around 5am local time on Monday.

The search for Hannah began again early this morning. 

Five bodies have now been brought to shore in the small fishing village of Porticello, around 11 miles from the Sicilian capital of Palermo.

Of the 22 passengers and crew on board, 15 – including Mr Lynch’s wife, Angela Bacares – were rescued after escaping on to a lifeboat.

The body of Canadian-Antiguan national Recaldo Thomas, who was working as a chef on the superyacht, was recovered at the scene of the sinking on Monday.

The boat trip was a celebration of Mr Lynch’s acquittal in a fraud case in the US.

A body bag is brought ashore at the harbour in Porticello by rescue workers on the fifth day of the search and recovery operationA body bag is brought ashore at the harbour in Porticello by rescue workers on the fifth day of the search and recovery operation (Image: Jonathan Brady/PA Wire)

The businessman, who founded software giant Autonomy in 1996, was cleared in June of carrying out a massive fraud relating to its 11 billion dollar (£8.64 billion) sale to US company Hewlett Packard.

The luxury yacht’s captain, James Cutfield, has reportedly been questioned by authorities in connection with the sunken yacht.

Mr Zagarola previously said a decision on whether to raise the sunken yacht from the seabed is “not on the agenda”, but will be in the future.

A helicopter, remotely controlled underwater vehicles, naval units and cave divers have been used in the search.

Bayesian was moored around half a mile off the coast of Porticello when it sank as the area was hit by a storm.

The wreckage of the Bayesian is resting on the seabed off the coast at a depth of 50 metres (164ft).

Prosecutors in the nearby town Termini Imerese are scheduled to hold a press conference on Saturday morning.