Until I headed down to the south coast last week to take part in the Superyacht UK Tour of Excellence, I must admit I had naively overlooked Britain’s rather important place in the superyachting industry. I knew, of course, that there was activity here – I just hadn’t realised quite how much.
The revenue from superyachts in this country is up 10% from last year to £542m, creating thousands of jobs and quietly boosting the UK economy as it steams ahead at full pelt. It’s not at all surprising when you stop to think about it, Britain has an extremely rich seafaring heritage and excels in the fields of innovation and design – all crucial factors when creating huge oceangoing vessels for the world’s most discerning customers. As it happens, we have a rather large helping of said customers on our very shores, with around 10% of the world’s privately owned yachts belonging to Brits. It makes perfect sense to cater to them on home turf.
Delegates viewing the Oyster 118
The tour took in some of the UK’s most prominent shipbuilders, Pendennis, Sunseeker and Oyster among them, as well as logistics company Peters & May, marine exhaust specialist Halyard and many more. The very inclusive attitudes of the businesses we visited were evidence to me of an industry that welcomes competition and, in many cases, collaborates with neighbouring companies to achieve optimum results. As commercial director Michael Anderson commented as we toured Lord Sugar’s Lady A at Burgess Marine, ‘We use a vast element of sub contractors in the UK. It’s part of being agile enough in the marketplace. You don’t need to be able to do everything yourself, you just need to be very good and focused at what you want to do and have great partners.”
Such partners include interiors outfitters, and as part of the tour we visited Design Unlimited, a company led by Mark Tucker, whose award-winning yacht projects including WinWin and Shemara, have lead to the team exporting their expertise beyond the UK, and recently into property projects in Ibiza and New York.
Undoubtedly another highlight on the tour was a visit to the Land Rover BAR HQ, where preparations for the America’s Cup World Series were well underway. Yet another score for the UK and, in particular, Portsmouth which will be hosting the event from 21st – 24th July, offering a final opportunity for fans to support the team in the UK before the cup next year in Bermuda.
As the tour drew to a close over dinner at the National Museum of the Royal Navy, I was lucky enough to be seated next to Howard Pridding, chief executive at British Marine, who summed up Britain’s burgeoning boating industry rather well. “We are proud of the UK’s superyacht capability,” he commented, “and its worldwide reputation for quality, good design and innovation.”
The tour visits Pendennis in Falmouth
If you've found this story to be 'a report worth reading', and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our VIP print subscription offer. We are inviting industry VIPs to register for a complimentary subscription to our print portfolio, which includes the most insightful information on the state of the superyacht market. To see if you qualify for our VIP subscription package, please click here to fill in an application form