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Superyacht UK Survey Presents Positive Picture For Sector

by Jason Gorringe, Tax-News.com, London

18 September 2007


According to the results of a survey published this week to coincide with the Monaco Boat Show, the UK's superyacht sector is showing growth both in terms of sales, and in the number of people employed.

The survey was conducted by Superyacht UK, a subsidiary of UK marine industry trade body, the British Marine Federation.

According to reports, more than 95% of the Superyacht UK members polled either increased or maintained the same number of employees in the last year.

A significant majority (84%) reportedly rated the domestic market workload as higher or the same compared with a year previous, and over two-thirds suggested that the workload provided by the export market had increased compared with the previous year.

84% of the 130 businesses questioned by Superyacht UK also reportedly rated their business prospects in the near-term as 'good' or 'excellent'.

Commenting on the survey results in the UK media this week, Rob Stevens, Chief Executive of the British Marine Federation observed that:

“The Superyacht sector is a UK success story, and the results of this survey are a welcome boost. With thousands of people either directly or indirectly employed, it demonstrates how high-end manufacturing can play a key role in the British economy. It is particularly pleasing to see such confidence in export markets – with British expertise winning more customers in the competitive European and World markets. I look forward to continued expansion and success for the UK Superyacht industry in the future.”


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