We’ll be updating this page on a regular basis as we receive notifications of what is, and what isn’t, happening.
Please be aware that it’s in alphabetical – not date – order.
ACWS Portsmouth – cancelled
ACWS Sardegna – Cagliari – cancelled
Anglo Welsh Open Days – postponed (new dates TBC) Events postponed include: Tardebigge on the Worcestershire & Birmingham Canal, Wootton Wawen on the Stratford Canal, Great Haywood on the Trent & Mersey Canal, Whixall on the Prees Branch of the Llangollen Canal
British Motor Yacht Show – rescheduled to 11/14 June 2020
Cannes Yachting Festival – currently no change – 8/13 Sept 2020
Chichester Marina Boat Show – rescheduled to 20/21 June 2020
Clipper Race – postponed (restart date TBC). Next full race delayed to 2022
Crick Boat Show – postponed (date to be announced)
Cowes Spring Classics – rescheduled to 4/6 September 2020
Lonely Rock Race – currently no change – 16 August 2020
MAA Press Lunch – postponed (date to be announced)
Mayflower Ocean Festival – postponed (date to be announced)
METSTRADE – currently no change – 17/19 November 2020
Monaco Yacht Show – currently no change – 23/ 26 September 2020
Newport Bermuda Race – cancelled
Olympics – postponed (date to be announced)
OSTAR (yacht race) – rescheduled to May 2021
Round the Island Race – rescheduled to 26 Sept 2020
RYA events & training – suspended until 31 May 2020
Poole Harbour Boat Show – cancelled
Poole Regatta – cancelled
Seawork – postponed (date to be announced)
Scottish Dragon Championship and Edinburgh Cup – cancelled
Southampton International Boat Show – currently no change – 11/20 Sept 2020
South Coast Boat Show – postponed to 3/5 July 2020
Superyacht Cup Palma – rescheduled to 23/26 June 2021
Thames Valley and London Boat Show – rescheduled to 26/28 June 2020
TWOSTAR (yacht race) – rescheduled to May 2021
Yacht Racing Forum – currently no change – 23/24 Nov 2020
Acknowledgement to Marine Industry News:
For more information contact European Marine Services Ltd. Marine Surveyors & Consultants
EMS also undertake Boat Safety Inspections & Engine Inspections
www.europeanmarinesurveys.com
Tel: 01603 327 123
EMS in their John Clabburn were requested by the Yacht Designers & Surveyors Association (YBDSA) to give a presentation at their Annual Conference held on-board HMS Belfast, London earlier this month, to a gathering of Lawyers, Surveyors, Insurance representatives & others from the marine sector, on the pro’s and con’s of being an Expert Witness in the marine industry. Giving expert evidence, report writing and presenting such evidence in court plus personal experiences.
All Expert Witness reports and evidence, the production and presentation of reports & evidence is subject to the Civil Procedure Rules Part 35 (CPR part 35)
Overseas / European attendance was down due to travel restrictions, however the HMS Belfast wardroom was packed
HMS Belfast – Light Cruiser
HMS Belfast is a Town-class light cruiser that was built for the Royal Navy. She is now permanently moored as a museum ship on the River Thames in London and is operated by the Imperial War Museum.
Construction of Belfast, the first ship in the Royal Navy to be named after the capital city of Northern Ireland and one of ten Town-class cruisers, began in December 1936. She was launched on St Patrick’s Day 1938. Commissioned in early August 1939 shortly before the outbreak of the Second World War, Belfast was initially part of the British naval blockade against Germany.
In November 1939, Belfast struck a German mine and, in spite of fears that she would be scrapped, spent more than two years undergoing extensive repairs. Belfast returned to action in November 1942 with improved firepower, radar equipment, and armour.
Belfast saw action escorting Arctic convoys to the Soviet Union during 1943 and in December 1943 played an important role in the Battle of North Cape, assisting in the destruction of the German warship Scharnhorst. In June 1944, Belfast took part in Operation Overlord supporting the Normandy landings.
In June 1945, she was redeployed to the Far East to join the British Pacific Fleet, arriving shortly before the end of the Second World War. “Belfast” saw further combat action in 1950–52 during the Korean War and underwent an extensive modernisation between 1956 and 1959. A number of further overseas commissions followed before she entered reserve in 1963.
For more information contact European Marine Services Ltd. Marine Surveyors & Consultants
EMS also undertake Boat Safety Inspections & Engine Inspections
www.europeanmarinesurveys.com
Tel: (44) 01603 327 123
An experienced Gas Safe Operative required to undertake a GAS AUDIT project on hire / charter boats in the South of France
” Opportunity for Gas Safe Operative “
Initially undertaking a hire fleet Gas Audit at some five locations in the South of France, then inspecting further hire fleets on a location by location basis throughout France.
Pre-requisite to have experience of hire fleet LPG systems and installations
This is a short term project expected to take up to 1 – 2 months, but not necessarily on a continuous basis
Please send by email details of qualifications & experience to:
For more information contact European Marine Services Ltd. Marine Surveyors & Consultants
EMS also undertake Boat Safety Inspections & Engine Inspections
www.europeanmarinesurveys.com
Tel: (44) 01603 327 123
110′ Classic Gaff Rigged Wood Ketch ‘Cynara’ built in 1927 by Camper & Nicholson – Marine Survey & Valuation carried out by European Marine Services (EMS) in Japan in 2007 (reportedly once owned by Winston Churchill)
Photos provided by EMS to The Times Newspaper in support of an article being written covering the renovation of ‘Cynara’ for the 2020 Olympics in Tokyo
For more information contact European Marine Services Ltd.
Marine Surveyors & Consultants | ADR Mediation | Expert Witness
www.europeanmarinesurveys.com
Tel: (44) 01603 327 123
With METS reporting an increase in the number of UK exhibitors of 227% compared to 2017, anecdotal evidence that boot Düsseldorf is experiencing an increase of over 30% year on year, UK regional boat shows popping-up and boats at caravan shows, what exactly is happening in our British industry ? Alice Driscoll unpicks the results of our latest MIN survey.
Asking the marine industry for its views about boat shows is a little bit like asking a parent who their favourite child is. It’s an impossible question to answer, and everyone has an opinion. What is evident is that marine businesses judge the effectiveness of a show in terms of their own specific needs, and how the audience at each show meets those needs. As such, the theme of quality of attendee cuts a deep path through the data.
A third of the marine industry surveyed has exhibited at regional retail shows in the past 12 months, including marine specific events – Crick Boat Show Northamptonshire, Brundall Boat Show Norfolk, South Coast Boat Show and British Motor Yacht Show to name a few – as well as non-marine specific shows including Goodwood Festival of Speed, Caravan Shows, Game Fair and county shows. While over 65% exhibited at Southampton International Boat Show (SIBS), around 20% exhibited at Seawork and 17% at the RYA Dinghy Show. Plus, over 55% of respondents exhibited overseas in the past 12 months.
Quality of attendees: UK
When it comes to choosing where to exhibit with so many options available, the quality of attendees (36%) is far more important than the quantity (3%).
“Footfall is important, but the promise of high footfall doesn’t always bring in the right people,” says Ian Patience of Sail and Powerboat Training. “Often visitors are more interested in just looking at boats and are not actually going to go boating.”
This is underpinned by Andy Ash-Vie from Harken, who says: “The RYA Dinghy show is fantastic because of the sheer enthusiasm of the visitors. They are fully engaged and it is a celebration of the sport first, then the business follows. Also, it’s quick and low cost so getting a return on investment is easy to define.”
“The number of visitors is not important, it is the number of sales and qualified leads which really counts,” says one respondent.
“Make them about selling boats,” pleads another, “not footfall and a ‘waterside event’. This becomes an experience/family fun day out – exhibitors aren’t there to entertain the masses.”
So what are the advantages of exhibiting in the UK ?
Aside from sales, there’s no surprise that the most important advantages to exhibiting in the UK are meeting customers: potential (59%), new (47%), and existing (46%).
Building brand awareness is also cited as key (46%), which, considering the UK shows are predominately retail events, was understandably more than twice as important as connecting with the industry (21%). Only 10% of respondents are checking out the competition, while 0% consider finding new suppliers an advantage of exhibiting in the UK.
But where are the sales made at UK shows ?
SIBS topped the bill with nearly 50% stating it achieved the greatest level of sales for the business.
“It attracts good quality clients and gives me the opportunity to connect with other marine companies where further opportunities can be realised,” says one respondent.
That said, 13% of businesses are achieving the greatest level of sales at other shows, like Crick – Northamptonshire, Brundall – Norfolk and Goodwood.
“Crick Boat Show,” says one respondent, offers the “best ROI. [It’s] a four day show with high quality attendees.”
Turn it around
New patterns and challenges are emerging. For example, Nic Parton of Triangle Berth Brokers is already looking at alternative ways of making shows work for him. “We visit more shows than we exhibit at, for example Poole Harbour, METS, Palma Superyacht Show, Seawork and the South Coast Boat show – we make it work for us as a visitor rather than exhibiting, mainly due to cost and time.”
Overseas shows
55% of respondents exhibited overseas in the last 12 months. METS was the most popular exhibition (37% exhibited), followed by boot Düsseldorf (29%), with Cannes and Paris equal in fourth place, followed by Fort Lauderdale, Miami and Dubai. METS also achieved the greatest level of sales overseas for 28% of all respondents.
Customer focused
Aside from sales, like the UK, the three most important advantages for exhibiting overseas were meeting customers: potential (42%), new (37%) and existing (25%). Building brand awareness ranked highly as an advantage (24%), followed by connecting with the industry (18%) and finding new suppliers (6%).
Expense of attending overseas
Interestingly exhibiting at an international event was not necessarily considered to be more expensive than exhibiting at a UK event.
“They make it affordable for small companies,” says Ian Patience of Sail and Powerboat Training who’s exhibited in the UK and at boot Düsseldorf.
“The whole experience at Düsseldorf was totally different,” Ian says. “They make an effort to provide an affordable space, no matter what size company you are. It had very different feel about it. Even the companies exhibiting there were more friendly, they wanted to make contact with you. It is run very professionally.”
Learning from regional shows overseas
Many respondents commented that they exhibit at, or attend, smaller regional retail shows overseas to meet with their manufacturers, dealers and distributors. This gives them a broader experience of what creates effective consumer shows in other countries.
“Seattle and San Francisco both have excellent seminar programs which pull in the real sailors,” says John Curry of Hydrovane. “London was, and Southampton is, awful in that respect. The smallest show ‘Sail Pacific’ in Richmond, California is just as good as the biggest because of the quality of the customers.
“Compare Annapolis’ United States Sailboat Show to Southampton,” John continues. “Annapolis is by far the most fun and gets the best visitors. [There are] practically no big booths. It is jam packed, but they don’t let the big guys dominate. That is what kills shows – big booths hogging the space and squeezing out the little guys.”
How marine companies decide where to exhibit
Quality of attendees is the most important factor considered when deciding where to exhibit (36%), followed by potential sales (28%) and cost of exhibiting (22%). Location (3%), venue (1%) and numbers attending (3%) are hardly worth a mention, but it’s clear that British companies rely heavily on British exhibitions.
“Our market is wholly the UK and not overseas,” says Sue Pierpoint of Flexisail. “Now that the London Boat Show no longer exists it is even more important to keep the Southampton show. It would be disastrous for our business if this no longer existed. We pick up a lot of members at the show and at our two post-show open days in October.”
A show needs to be affordable. “Venue cost is one thing,” says one respondent, “but transporting staff and keeping them over in hotels, B&Bs, etc., is another large overhead not normally considered by the organisers.”
And the best in show is . . . . .
. . . . . . . like that favourite child, hard to decide.
For some it’s METS, being “appropriate to my business: contacts, networking, wide range of exhibitors, truly international, not parochial, and easy to reach” and “short and sweet, very focussed show over a short period”.
For others, boot Düsseldorf, because “it is easily accessed and is great value of money in every respect from stand space to hotels and food. We always sell boats there and hardly ever at Southampton”.
Others prefer Seawork, as the format’s “a three-day B2B show with everyone focused on business” and “a short show with qualified attendees and the prospect of follow on commercial sales”.
And for others, SIBS tops the bill: “It’s brilliant for sales, networking and brand awareness. Quality of customers is excellent. Southampton is well positioned to attract customers from all over the UK and Europe.”
So is there a future for British Boat Shows ?
78% of marine industry respondents state they will exhibit at UK shows in the next twelve months, 41% in Europe and 15% worldwide. And, although 13% of respondents are not intending to exhibit in the next 12 months (adding a further 3% to those who didn’t exhibit in the last 12 months), for now, the marine sector agrees that ‘yes’, there’s a future, especially for those who only sell in UK markets. And, there are calls for shows in other regional locations.
But there are plenty of caveats.
If, rather than just surviving, British boat shows are to thrive with exhibitors, it’s clear the shows need to attract top quality visitors, the majority of whom fall into the ‘customer’ bracket, instead of looking at numbers through the door.
As well as having engaging and informative sessions (like in-depth seminars) to pull-in those quality visitors, shows can look and learn from successful offerings overseas, especially if, as Ian Cooke, President-elect of British Marine Federation and Director at C-Quip, alludes to, change is coming.
“As the marine industry acknowledges changes in water sports participation, it is vital to our future success that we reflect that change in our presentation to boaters,” Ian says. “It is equally vital to ensure that boat shows are relevant in today’s market”
Source: Marine Industry News
For more information contact European Marine Services Ltd. Marine Surveyors & Consultants
EMS also undertake Boat Safety Inspections & Engine Inspections
www.europeanmarinesurveys.com
Tel: 01603 327 123
Earlier this year EMS undertook a pre-purchase survey, valuation and engine oil analysis – of the above classic Herbert Woods 36 and we felt that a ‘potted history’ would be of interest to our readers
Hull: Carvel – Pitch Pine on Oak timbers
Planking fastened with copper nails and roves
Keel: Central hardwood laminated keel with lead ballast
Propulsion: Perkins P4 Diesel
HISTORY OF ‘SPARK OF LIGHT’: In 2011 Herbert Woods boatyard managed to buy the former Norfolk Broads hire boat Registration no.’B53′ which is now believed to be the oldest of the Norfolk Broads cruisers built at Herbert Woods in Potter Heigham that is still afloat and in use. This is, to the best of our knowledge and belief, the history of this important piece of Norfolk Broads boating heritage. B53 ‘Spark of Light’ was built by Herbert Woods himself in 1927 in a boatshed just upstream from Potter Heigham Bridge.
Very little is known of her early years, however we do have some idea of what she looked like as she features in “Boating on the Norfolk Broads in the 1930’s” a DVD produced by Broadland Memories which shows a family’s 16mm home cine film of their Norfolk Broads boating holiday on ‘Spark of Light’ in 1932. Notice there is no windscreen or wheelhouse, just a solid folding roof with canvas screens to all four sides. At some point before April 1934 the boat’s name was changed to ‘Spot of Light’. We are not sure why, however believe that at some point there may have been a small fire in the galley and Mr Herbert Woods, believing the name ‘Spark of Light’ to be tempting fate, decided to change it to ‘Spot of Light’.
‘Spot of Light’ along with the rest of the Herbert Woods fleet played an important part in the areas war effort. The fleet was moored on Hickling Broad, rafted together and covered with a tarpaulin to prevent German flying boats from landing. By the end of the war the fleet was in a sorry state, with many of the boats riddled with bullet holes where they had been attacked by fighter planes. So, Herbert Woods began a programme of rebuilding the fleet. During this time, we know that ‘Spot of Light’ had a new transom fitted of beautifully figured Cuban mahogany. It seems ’Spot’ underwent a further name change in 1947 this time to ‘Shimmer of Light’. It is assumed that this occurred when the boat was recommissioned post war as this is how she features in the 1947 Blake’s holiday brochure.
‘Blakes Catalogue’ 1950’s
In 1951 ‘Shimmer of Light’ was fitted with Herbert Woods newly patented ‘Broads Haven’ Retractable Wheel House. This became a unique feature of all Herbert Woods ‘Light Cruisers’.
Sadly in 1954 Mr Herbert Woods died and Mr Lindsay Cutler took over as chairman of the company. Taking a liking to ‘Shimmer of Light’ Mr Cutler removed her from the fleet and registered her as his own private boat in 1955.
Under Mr Cutler’s ownership ‘Spark of Light’ underwent significant refurbishment. She was painted overall in white, had a new diesel engine fitted, the wheelhouse was fixed so it was no longer retractable, two auxiliary fuel tanks were added to increase her range, davits were fitted to the aft deck so that she could take an outboard dinghy and a ‘Dolphin’ ship-to-shore radio that was installed in the saloon. Internally the boat was refitted with new galley appliances, including a fridge. The saloon berths were made to fold up against the sides of the hull and individual armchairs put aboard. Items like the gate leg table were replaced with a new mahogany one.
‘Thurne Dyke’ 2005
‘Shimmer of Light’ was relocated to Broads Edge Marina in Stalham, it was here in 2011 that she was noticed by Waterside Marine Sales, now part of Herbert Woods. It was clear that she was not being regularly used and, realising the unique opportunity of acquiring the oldest Herbert Woods hire boat afloat, the Partners set out to acquire her. An offer was made to Mr Edwards which was accepted and the boat was returned to Herbert Woods. The boat was immediately renamed ‘Spark of Light’ and a programme of restoration began.
‘Arriving back at Herbert Woods’ 2011 Since 2011 ‘Spark of Light’ has been used as a promotional tool for the company and has featured in numerous magazines including Practical Boat Owner and Classic Boat Magazine. In 2014, she was showcased at Herbert Woods’ Heritage Day attended by HRH Princess Anne. ‘Spark of Light’ was also the star attraction at the Herbert Woods 90th Anniversary Fete and Water Frolic in 2016.
Acknowledgement Herbert Woods Ltd, Potter Heigham
For more information contact European Marine Services Ltd.
Marine Surveyors & Consultants | ADR Mediation | Expert Witness
www.europeanmarinesurveys.com
Tel: (44) 01603 327 123
Good afternoon Will,
Many thanks for your report and feedback. It all appears to be quite clear enough for me to contact Sam at N Y A and continue with an offer on this boat. I have to visit my bank tomorrow morning so I will take your payment details with me and settle the account in full then.
As mentioned during our meeting would you please send me a copy of the current safety certificate.
May I add that I was extremely impressed with the service I have received in this matter, you personally, showed lots of patience and understanding in carrying out your survey whilst being ‘watched’ and followed around the boat by a complete novice to boating. Had the roles been reversed I think either you or I would have finished up in the river.
Whilst I do not know of anybody in the Norfolk area seeking a similar survey at present, I will have no hesitation in recommending your company’s services in the future.
With kind regards
I H
As meteorologists warn an ‘El Nino’ event is likely to cause widespread snow events and ice storms from early December onwards, European Marine Services is calling for boat owners to prepare for winter weather.
‘El Nino’ occurs when the sea surface temperature in the Pacific Ocean is warmer than average, prompting floods in tropical areas and colder winters in the UK.
Heavy rain, flooding, winds, ice and snow can all cause problems for vessels: they could be swept away, blown off course, take on water, sink or suffer a hull breach. And with nearly one in three of call-outs is due to a lack of general maintenance, we fear ‘neglected’ boats will be put at risk.
Some simple precautions, however, can reduce the likelihood of winter damage. When a weather event does strike, it’s time to get into a routine of visiting the boat regularly and undertake the following;
“If your vessel’s caught in a situation, don’t attempt to recover it without assistance. Severe weather conditions increase the risk to boat owners and simple tasks can easily result in accidents and injury.”
Acknowledgement to Marine Industry News – [email protected].
For more information contact European Marine Services Ltd. Marine Surveyors & Consultants
EMS also undertake Boat Safety Inspections & Engine Inspections
Tel: 01603 327 123
www.europeanmarinesurveys.com
#2 For all you America’s Cup Fans (include us) we are ‘blogging’ updates in advance of 2021
© Sailing Energy/GC32 Racing To
Ben Ainslie and INEOS TEAM UK want to win the America’s Cup – Britain has never won the Auld Mug despite hosting the first Cup in 1851. In fact the famous nautical nation has failed to win in 21 separate challenges over the intervening 167 years.
But with the next America’s Cup taking place in Auckland in early 2021 aboard entirely unique AC75 foiling monohulls, there is no perfect circuit on which teams can train beforehand. As Ainslie puts it: “We have to stay current and we can’t get too rusty.”
Some America’s Cup teams have been keeping themselves race-sharp on TP52 monohulls, but they don’t foil, nor do they offer anything like the righting moment of the AC75s. For Ainslie, he has looked toward the GC32 Racing Tour this season. While it may be a catamaran, the GC32 does offer high speed, air-born sailing as the AC75 will.
“We wanted to compete on a circuit and to get as many guys out on the water as we could. Another consideration was for it not to cost a fortune,” says Ainslie. “The GC32 fitted well. The Extreme Sailing Series has its benefits from a commercial side clearly, but we felt the quality of the racing is much better on the GC32 Racing Tour, which is what we wanted – good sailing and to get the guys doing some competitive racing on foils. It has been everything we’d hoped – brilliant.”
While best known for his singlehanded Olympic dinghies, Ainslie is a past Match Racing World Champion, and was tactician aboard Oracle Team USA when they pulled off the biggest turn-around in sporting history to win the 34th America’s Cup in San Francisco.
Last year he raced in the 35th America’s Cup Challenger series on an AC50 foiling catamaran in Bermuda under the colours of his own America’s Cup team, which has since become INEOS TEAM UK.
So is learning a new boat like returning to kindergarten? “Sometimes it feels like that. Expectations are obviously high, so sometimes it is frustrating, but if you want to be at the top of something, you need to put the hours in. We are focussed on the Cup and haven’t done the hours in the GC32 and that means we don’t have as much experience as the other teams.”
On board it is not just Ainslie that is new to the GC32 but his crew – mostly seasoned pros and A-listers, cherry picked from other teams that competed in Bermuda; coming with great AC50 experience, but little or none on the GC32.
“We’re just having to learn the nuances of the boat – knowing exactly when you can pop it up on the foils, when you can change modes and make manoeuvres,” says Ainslie. “There is obviously a lot of team work involved and a lot of feel for the boat. We’re just lacking time in it.”
While the AC50s had all manner of complex hydraulic systems to operate the foils, plus a team of grinders perpetually pumping to keep the hydraulics primed, plus an articulating wing to provide the horsepower, the small and substantially less costly GC32 in comparison is a much simpler boat with a conventional mast and softsails and no hydraulics.
You can’t sail it with the same precision, but top speeds approaching 40 knots is still highly respectable from a 32ft boat and having far fewer systems enables the crew to concentrate more on the racing, which is, as Ainslie says, the reason they are competing on the Tour.
The INEOS TEAM UK campaign for the 36th America’s Cup was founded by Chairman of the INEOS group Sir Jim Ratcliffe, who earlier this year topped the Sunday Times Rich List as the wealthiest person in Britain.
Ratcliffe’s support happened suddenly around the same time, after he and Ainslie met up in a pub, having been introduced by a mutual friend. This encounter led to Ratcliffe’s famous quote “I only went for a gin and tonic – it cost me £110m!”
As Ainslie recounts: “He was just keen to meet – I don’t think he necessarily had any massive vision of wanting to do the Cup. We were chatting about all sorts of things, then we got talking about the Cup and it sparked his interest, one thing led to another and as we didn’t know if there was going to be any [America’s Cup] racing this year or next year, from a commercial side it was going to be a tough sell to the sponsors.”
Given that the existing group of private backers and partners that had got Ainslie’s team to Bermuda would be stretched to cover the increased costs of a campaign for the 36th America’s Cup on a brand new type of boat and in New Zealand, Ratcliffe’s arrival, more as a Larry Ellison/Torbjorn Tornqvist-style private campaign backer, was a game changer for the British challenge.
“Jim just thinks it is a really cool project and he enjoys taking on different challenges. His one condition was that if he was going to do it, he wanted to be the sole backer. That was a tough call, but at the end of the day they [the backers – including Sir Keith Mills and Sir Charles Dunstone] all understood that it was going to cost even more and if Britain wants to win it – this would be the best chance, so go for it.”
While Ratcliffe owns a series of superyachts, all called Hampshire (the county in the UK where he resides), he is getting into sailing. “He has been out with us a couple of times now,” says Ainslie. “He was made a member of the Royal Yacht Squadron and before his inauguration we went sailing on the GC32 and did a fly-by with him steering the boat and he took to it brilliantly. He was definitely the first Squadron member to go his inauguration, foiling into the yacht club!”
For now, Ainslie personally is looking for that one position on the GC32 Racing Tour that has so far eluded him at the GC32 TPM Med Cup, the final event of the 2018 GC32 Racing Tour, coming up October 11-14 in Toulon, France.
For more information contact European Marine Services Ltd. Marine Surveyors & Consultants
EMS also undertake Boat Safety Inspections & Engine Inspections
www.europeanmarinesurveys.com
Tel: 01603 327 123
The six new models Princess Yachts plans to launch in the second half of 2018
Plymouth’s luxury boat maker Princess Yachts has sailed back into the list of the UK’s biggest mid-market companies after making an £11million profit.
The Stonehouse-headquartered company fell out of the list in 2015 after suffering a slump in sales, but during the past two years it has reversed its fortunes and is steaming ahead again.
The company has docked at an impressive number 87 in the 14th annual Sunday Times Grant Thornton Top Track 250 league table, which ranks Britain’s private mid-market growth companies with the biggest sales.
The boat-builder has leapfrogged St Austell Brewery, which has four Plymouth pubs, as well as a Barbican coffee outlet, which is at number 173, up two places, with profits of £13million and sales of £169million.
But because the list is focused on sales it means Princess Yachts, with £274million in sales in 2017, a jump of 26.6 per cent, is higher in the chart.
The company, which now employs close to 3,000 people at sites around Plymouth, now has an order book of £750million.
It is a huge turnaround for the firm which a year earlier had made a £7million loss.
After a stellar year the firm is now enjoying its highest sales figures in its 53-year history.
It continues a trend of strong year-on-year growth for the L Catterton-owned luxury yacht builder.
Princess’ recent performance at the industry’s biggest global sales events – the Cannes, Fort Lauderdale, Southampton and Düsseldorf boat shows – saw the company power ahead across its entire fleet.
It is now predicting profits could reach £30million for 2018 and it launching even more designs.
A spokesman said: “We have launched seven new yachts already in 2018, and announced three more new yachts that will arrive over the next three months.
“During 2019 and 2020, we will launch a total of (new design) 15 yachts.”
For more information contact European Marine Services Ltd. Marine Surveyors & Consultants
EMS also undertake Boat Safety Inspections & Engine Inspections
www.europeanmarinesurveys.com
Tel: 01603 327 123