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CWM FX London Boat Show 2015: Top Moments

January 23, 2015

It has been a very successful CWM FX London Boat Show 2015, packed with global debuts of boats and products, as well as the latest in marine innovation, and attended by an amazing number of 92,288 visitors. Next year’s Show will run from January 8 to 17.

CWM FX London Boat Show 2015

CWM FX London Boat Show 2015

Top moments at the 2015 CWM FX London Boat Show:

Seven world debuts

On Friday 9 January it wasn’t just the star Nicole Scherzinger who drew crowds on opening day. During the day seven boats were unveiled to the world – Bavaria Sport 400, Dauntless Oyster 500, Haines 360, Ribeye PRIME, Fairline’s Shadow S, William Performance Tenders’ Sportjet 520 and Sunseeker Predator 57.

Students see work brought to life

The students of Central Saint Martins, who created the basis of the Show’s new concept, saw the final results on opening day. The three students behind the winning design were Anna Dalmasse Trias, Yi-Chun Chen and Kuang-Yu Cheng who had studied architecture, international business and interior design respectively.

Princess Yachts commit to London

With reports coming in of first weekend success Monday (12 January) was a great day for Princess Yachts to announce its commitment to exhibit at the London Boat Show for 2016 and 2017.

As National Boat Shows MD, Murray Ellis remarked: “We are delighted that Princess Yachts has committed to the London Boat Show for the next two years, confirming the importance and value of our world class Show. The new-look direction for this year’s Show has been well received and with the support from Princess we are confident of continued future success.”

HRH The Princess Royal visits the Show

HRH The Princess Royal presented the Yachtmaster of the Year Award before taking a tour of the Show. She visited various exhibitors including Show title sponsor, CWM FX, Andrew Simpson Sailing Foundation and Ben Ainslie Racing (BAR), as well as marine businesses Rockley Watersports, Key Yachting, Icom UK and Southampton Solent University where she got involved in the build of the Solent Whisper hydrofoil catamaran by infusing the resin.

Live build of Solent Whisper

Built live from scratch on the Datatag Lab the first ever production model of the hydrofoil catamaran, Solent Whisper, was completed on the last Saturday of the Show. The work of Southampton Solent University, alongside White Fromula Ltd, attracted much attention. By the end of the build worldwide orders and enquires were flooding in, from China, Europe and America.

A very successful CWM FX London Boat Show 2015

January 20, 2015

Sunday, January 18, saw this year’s 61st annual CWM FX London Boat Show come to an end, celebrating pioneers, adventurers and innovators. The world-class boat show was packed with global debuts of boats and products, as well as the latest in marine innovation. The 2015 event hosted an amazing number of 92,288 visitors.

CWM FX London Boat Show 2015 - Image credit to onEdition

CWM FX London Boat Show 2015 - Image credit to onEdition

This year’s Show enjoyed fresh thinking and a markedly new direction to this iconic event.  Not only were visitors impressed with the 400 exhibitors and the quality boats, products and services at the Show, but the new visual attractions on offer, such as the Show Entrance complete with Rain Curtain and the 4D Experience, added another dimension.

The Datatag Lab enthralled visitors throughout the whole Show.  Visitors enjoyed watching Southampton Solent University’s latest project the Solent Whisper hydrofoil catamaran come to life during the event, with HRH The Princess Royal getting involved in the build by infusing the resin.

In addition to the royal visitor, famous faces included star of Public Preview Day Nicole Scherzinger who launched Sunseeker’s new 57 Predator, Sir Ben Ainslie and recently crowned Yachtsman of the Year winner Sir Robin Knox-Johnston.  Paralympic gold medallist Helena Lucas joined former weather presenter Penny Tranter at The Datatag Lab whilst Michael Buerk, Nick Knowles, Rupert Grint were all spotted enjoying the Show.  Title sponsors CWM FX welcomed players and management from Wigan Warriors and boxing icons Barry McGuigan, Carl Frampton and others from the CWM Cyclones.

The Watersports Pool saw 1000 visitors get active on the water with Rockley, the Ben Ainslie Racing stand proved to be one of the most popular destinations and there were plenty of activities for families to do from Musto’s winch grinder to Neilson’s surf simulator, RYA’s RIB challenge to a brand new 4D sound to light Vibro dance floor from Landau UK.

Murray Ellis, Managing Director of the CWM FX London Boat Show said: “We have enjoyed a world-class Show with many of the world’s best brands from the marine industry.  Visitor feedback has been really positive, the new creative giving the Show a strong identity has been very well received, there’s been positive energy creating a fantastic atmosphere which have contributed to good sales.”

Craig Droste, General Manager of title sponsor CWM FX added: “The CWM FX London Boat Show has been a great success and we would like to thank everyone included for their exceptional hard work and dedication.  We are very proud to have made our mark in the marine sector and look forward to furthering our relationship with the London Boat Show in the coming years.”

Next year’s London Boat Show takes place from 8-17 January 2016 at ExCeL London.

Exhibitor quotes

Chris Gates, Managing Director, Princess Yachts International said: “Following a successful 10 days we have been very encouraged by the results achieved at the 2015 CWM FX London Boat Show, confirming its importance as a key sales platform for the business. The efforts of National Boat Shows to rejuvenate the show have been felt and we look forward to exhibiting again next year.”

Nick Keepfer of Zego Marine states: “Last year we sold three boats during the whole Show and this year we have already sold 10 boats and can expect to sell at least another 10 after the Show ends. Our business has been both recreational and commercial. This year we have had a great position and think the new layout of the Show has really helped business. It is so open and no longer do visitors just walk up and down aisles.”

Ben Metcalfe, Landau UK remarks: “Landau has had a fantastic first CWM FX London Boat Show and without question will be attending next year. For all on the stand the great sales, the great socialising and winning the Retailer of the Year Award has made it a fantastic start to 2015 and we are excited about what our road show holds looking forward.”

Stuart McCullough, Commercial Director at Fairline Boats, commented: “Fairline has enjoyed a successful show at London this year, with lots of enthusiasm for the brand. There has been a great atmosphere and a real buzz about the Fairline stand, with lots of buyers back in the market and a steady stream of orders taken throughout the show. We already have a strong order book for our new 53 models and have received lots of very positive feedback about our new-look stand and the display of our exciting new interiors. There has been a lot of excitement around the Shadow S model, which immediately leaves for Miami tonight where it will make its highly anticipated US debut.”

Matthew Stone, Norfolk Boat Sales states: “We launched the Elan 30 last year and from Sunday we had already sold three and given quotes for 10 more. By the end of the Show we can expect to sell another two or three and many more after from interest built at the Show. For the last five years people have talked the Show down, but this year there has been real enthusiasm before and during the Show and this has seen business build and people buying boats at CWM FX London Boat Show. We will be back next year, up from the two boats we have this year to three boats.”

Sean Robertson, Sales Director, Sunseeker International commented: “Attendance at CWM FX London Boat Show 2015 has been the most successful and encouraging for over five years with 10,000’s of visitors passing through the stand. The economic impact on the leisure marine industry has been challenging for a number of years but the 2015 Show has seen customers return in numbers last seen in 2008. Our sales results and confidence is driven in part by the sheer number of brand new models introduced of late including four last year, four during 2015 and three planned for 2016. This requires substantial investment and a commitment to the business which is unparalleled. Matched by our willingness to offer a ‘Bespoke’ customisation service on all six of our yachts 30m and above, customers have a clear upgrade path supported by our world-class dealer network who have worked incredibly hard all week. We could not be more proud of our entire team both here at the Show and our colleagues who help design, engineer and build a truly iconic product.”

Julian Griffiths of Jet UK remarks: “This is our first CWM FX London Boat Show and it has delivered so much. We have taken details for roughly 180 people wanting more information and see future developments for Jet UK in the pipeline for the next Show.”

Ian Thomson of Nestaway Boats says: “The 2015 CWM FX London Boat Show has been a record Show, our best Boat Show ever. People are really coming to the Show to buy and we have sold 23 boats.  By Tuesday we had already sold more boats than last year.”

David Pougher of Deep Consulting comments: “After a successful launch of Selva Marine at the PSP Southampton Boat Show 2014, taking more space at 2015 CWM FX London Boat Show was a no brainer.  It delivers the opportunity to do B2B and B2C business – from strong dealer appointments to a range of customers to talk to. Even though the Show hasn’t ended every boat on the stand has been sold at least once.”

Richard Winter of Vetus comments: “It has been a very good start to the Show with our new location.  We made sales on the first day and our B2B customers who are exhibiting at the Show have reported consistent sales which means we will be even better off at the end of the Show.”

Russell Hayden of Salterns Marina remarks: “This was our first time exhibiting our Sealegs Amphibious Craft and it has caused lots of buzz. We have met lots of clients we never knew existed, both recreational and commercial. The mixture of markets at the CWM FX London Boat Show can’t be compared to any other Show.”

Paul Hallatt of Ship Shape Bedding remarks: “We have done better at 2015’s CWM FX London Boat Show than we have done in any previous Boat Show and we have attended every London going back eight or nine years. We have noticed the market pick up at the last three Shows we have done but this year they don’t compete. The Show has a great atmosphere and positive environment; it really does feel like a Boat Show not an exhibition.”

Greg Munford, CEO of Richardson’s said: “This was the first time we have exhibited and did not know what to expect but the quality of visitors and prospects at the CWM FX London Boat Show has been amazing! Holidaying on the Norfolk Broads seems to have skipped two generations, but by having a boat here we have been able to demonstrate just how much it has improved in recent years. We will definitely be back next year and plan on bringing two boats rather than just one.”

Alastair Clayton, Managing Director, Seaglaze Marine Windows comments: “The reception of our new glass Toughening Plant couldn’t have been better, with many opportunities to network with both new and existing customers. We cannot wait to get back to the design office to get some of the new jobs into production, it certainly could not have been a better start to the New Year.”

Peter May, Finance Director of Bisham Abbey Sailing & Navigation School commented: “The 2015 CWM FX London Boat Show was the 19th consecutive time we exhibited at the event and it has been much better for us than last year. There have been more visitors to the stand and more people who have an active interest in boating and who genuinely want to find out more about training. Our stand position has been great, the flow of people to our stand has been constant and because of the staggered aisles, the Show seems less daunting for the visitors. We were also very privileged to welcome HRH The Princess Royal and Paralympic gold medallist Helena Lucas to our stand. We will definitely be returning next year.”

Mathew Hornsby, Managing Director of Williams Performance Tenders, commented: “The CWM FX London Boat Show has been a very strong and active Show for us – we’ve been selling boats straight off the stand and we also have a number of demonstrations lined-up for the next few weeks. Our new Sportjet range has really been the star of the Show for us. The Sportjet 520, which had its world debut here at the Show, along with the Sportjet 460 have both been extremely  popular, drawing great interest as a stand-alone boat – we’re delighted with the reception both models have received. We’ve also completed several part exchanges, which were now able to complete through our new UK dealer This year’s Show really has exceeded our expectations, and is a great start to what is going to be another exciting year for Williams.”

Ron Price, Southampton Solent University: “We have now sold 26 Solent Whisper catamarans since our boat show publicity started in December. During the CWM FX London Show we had enquiries and orders from buyers and distributors in over a dozen countries worldwide, including China, America, France and The Netherlands, and sailing schools in both Spain and Turkey. The interest in the boat at the show has been phenomenal, from both the public and media alike and as result the Whisper racing class will be kicking off in May this year starting with racing in Karnack in France,  hotly followed by Lake Garda in July.”

Paul Heys, Managing Director Key Yachting: “This was by far the busiest London Boat Show we’ve seen in several years. Our new Nautitech Open 40, the only cruising catamaran at the show, was full of activity throughout the week. We will definitely need to hire more staff next year!”

Tom Atkins of Volspec comments: “At this year’s CWM FX London Boat Show there has been more people visiting with a real interest and intention to buy. The Show offers us a platform to meet both new and existing customers.”

Princess Yachts International Brand Video 2015

January 15, 2015

The prestigious British luxury yacht builder, Princess Yachts International, has just released their all-new brand video, showing the style, elegance and technology that go into making the world’s finest yachts. The shipyard was established in 1965 in Plymouth, a town in Devon in the United Kingdom with a long marine history.

Motor Boat Award 2015 for luxury motor yacht Princess S72

January 14, 2015

The all-new luxury motor yacht Princess S72 by Princess Yachts has recently won the 2015 Motor Boat Award for the over 55ft category. Following her successful launch early in 2014, Princess S72 yacht has received much acclaim.

Princess luxury yacht S72

Princess luxury yacht S72

In a recent test, Motor Boats Monthly Magazine said; “The proportions are absolutely spot on and it manages to be sporty and aggressive while maintaining Princess’s timeless look.

The S72 yacht is the first of the new S Class Sportbridge yachts and combines the sleek lines and performance of a true sports yacht with the space and practicality of an upper helm position and large tender garage.

S72 Yacht - Saloon

S72 Yacht - Saloon

S Class design features include dark wraparound glass and angled hull windows offering uninterrupted views. While inside, exclusive materials, detailing and bespoke contemporary furniture offer a new level of luxury and modernity that is only enhanced by Princess’s classically toned leathers and herringbone linings.

The S72 Sportbridge yacht exemplifies all the ability, quality and design expected from Princess Flybridge and V Class models while injecting a new level of performance, style and on-water attitude.

Princess Yacht S72 - Master Stateroom

Princess Yacht S72 - Master Stateroom

Below is a selection of the luxurious charter yachts built by Princess.

Further expansion for Williams Performance Tenders in 2015

January 12, 2015

Williams Performance Tenders is looking forward to an amazing year ahead, as it plans further expansion of its factory as well as workforce, following a very successful 2014.

New Sportjet 520 superyacht tender by Williams Performance Tenders

New Sportjet 520 superyacht tender by Williams Performance Tenders

In early 2015, Williams will extend the size of its factory in Oxford by 6,000 square feet and will recruit five additional members of staff, in order to meet growing demand for the brand’s Dieseljet and newly-launched Sportjet ranges.

2014 was an exceptionally strong year for Williams, as the company celebrated its 10 year anniversary in July, as well as its strongest ever order book. The company also saw increasing levels of business from volume sailboat manufacturers such as Hanse and Group Beneteau with its Prestige range. Both these manufacturers, along with other key brands such as Princess and Sunseeker, have designed their garages specifically to fit a Williams tender, providing a glowing endorsement of the brand’s popularity and appeal.

Furthermore, the 2014 Southampton Boat Show saw Williams take home the Sunseeker Supplier of the Year award, in recognition of the team’s outstanding performance in meeting Sunseeker’s most demanding requirements.

Mathew Hornsby, Sales Director at Williams, said: “2014 was an incredible year for Williams, with the world launch of our new Sportjet range at the Yachting Festival de Cannes and our fantastic 10 year celebration. We also saw our best results yet at the Fort Lauderdale Boat Show in October. We are starting 2015 in a strong position and are very excited about what the year ahead will bring. We look forward to welcoming talented new members of staff to the team and continuing to grow the Williams brand.”

Founded by brothers Mathew and John Hornsby in 2004, Williams has established itself as the world’s leading jet tender specialist, renowned for design excellence and practical attention to detail across its range of Turbojet, Dieseljet and Sportjet models. The company currently employs 50 staff at its Oxfordshire base and is supported by a global team of factory trained engineers. Williams produces up to 700 boats per year and had a turnover of £11.2M in 2013.

Video: Princess 35M motor yacht Hull #1 entering next phase of her construction

January 12, 2015

The prominent UK builder, Princess Yachts, has just released a video showing the Princess 35M motor yacht Hull #1, the latest Princess M Class superyacht, while entering the next phase of her construction. The powerful twin MTU V16 2,637mhp engines of the first Princess 35M yacht have been recently fitted, marking an important milestone in her production. With her cutting-edge semi-planing hull design, the Princess 35M is capable of impressive speed and globe-trotting efficiency, delivering a true superyacht experience.

Princess Yachts to exhibit at London Boat Show for next two years

January 12, 2015

National Boat Shows is pleased to announce that the prestigious British luxury yacht manufacturer, Princess Yachts, has signed to exhibit at the London Boat Show for 2016 and 2017.

Chris Gates, Managing Director of Princess Yachts International and Murray Ellis, Managing Director of National Boat Shows

Chris Gates, Managing Director of Princess Yachts International and Murray Ellis, Managing Director of National Boat Shows

Murray Ellis, Managing Director of National Boat Shows said: “We are delighted that Princess Yachts has committed to the London Boat Show for the next two years, confirming the importance and value of our world class Show.  The new-look direction for this year’s Show has been well received and with the support from Princess we are confident of continued future success.”

Chris Gates, Managing Director of Princess Yachts International said: “Princess Yachts is delighted to confirm their presence at the 2016 and 2017 London Boat Shows.  As the company embarks on its 50th anniversary year the decision to commit to these dates signifies the importance that the London Boat Show still plays in the annual sales strategy of the business, in which the Show’s status as a key sales platform cannot be argued.”

This news follows a very successful first weekend at the Show for both the event and Princess Yachts, with thousands of visitors attending the global showcase and good sales being reported by all sectors.

The 2015 CWM FX London Boat Show runs until Sunday 18 January 2015 at ExCeL London.

Below is a selection of the luxurious charter yachts built by Princess Yachts.

Phuket International Boat Show (PIMEX) – the Show of choice for new yachts, brands and product launches

January 09, 2015

Phuket International Boat Show (PIMEX), the leading consumer boat show in Asia, represents the Show of choice for new yachts, brands, as well as product launches. The top yacht brands from all over the world have chosen to debut their latest models in the Asia and Thailand market places at the currently running PIMEX 2015. The event will run at Royal Phuket Marina, a fabulous Phuket yacht charter destination, until Sunday, January 11.

Many top boat brands and luxury products are choosing PIMEX for their Asia and Thailand launches

Many top boat brands and luxury products are choosing PIMEX for their Asia and Thailand launches

“We are seeing more boats, luxury brands and products choosing PIMEX as the platform to launch into Thailand and Asia. This year we have boats from Sanlorenzo, Wider Yachts, Princess Yachts, Gulf Craft, Monte Carlo Yachts and Custom Line all making their debut in Thailand, and for some, Asia,” said Mr. Andy Dowden, PIMEX Show Director.

According to The Wealth Report 2014, the number of ultra-high net worth individuals in Thailand grew by 147 percent between 2003 and 2013, and is expected to grow another 52 percent by 2023, offering a promising outlook for the country’s yacht market. On the back of this, Gulf Craft – one of the world’s leading superyacht-building shipyards – is launching their Oryx 42 into Thailand and their Gulf Craft Majesty 48 into Asia at the Phuket International Boat Show.

“PIMEX is one of Asia’s premier boat shows, both in terms of how well it is produced and how well it succeeds in attracting top calibre attendees,” said Mr. Erwin Bamps, CEO of Gulf Craft. “For Gulf Craft, our participation in the event is pivotal to bringing our line-up of luxury vessels to the forefront of Thailand’s increasingly affluent boating community, and to being an active participant in Asia’s thriving maritime industry.”

The Ferretti Custom Line NEXT 112, presented by Lee Marine, is the largest boat in PIMEX 2015

The Ferretti Custom Line NEXT 112 yacht, presented by Lee Marine, is the largest boat in PIMEX 2015

Debuting at PIMEX this year is the Ferretti Custom Line brand of yachts. Part of the Ferretti Group, the Ferretti Custom Line NEXT 112 yacht is the largest boat in the Show and is part of a four boat display by Thailand dealer Lee Marine, who having exhibited at PIMEX every year since the show’s beginning 12 years ago, see the value of the Show as a regional marketing platform.

Other new boats in the Show this year include Monte Carlo Yachts. Launched into Asia last year, PIMEX 2015 is the first time Monte Carlo Yachts are in-the-water and through local dealer Simpson Marine have a strong presence at the Show.

The first solar-assisted luxury catamaran, Heliotrope 65, is also debuting at PIMEX as is the made-to-measure Sanlorenzo brand who are present with the Sanlorenzo 72 presented by their Thailand dealer Derani Yachts.

The Sanlorenzo 72 Asian debut at PIMEX, displayed by Derani Yachts

The Sanlorenzo 72 Asian debut at PIMEX, displayed by Derani Yachts

Princess Yachts, represented by Boat Lagoon Yachting, have an impressive line-up of seven motor yachts ranging from 42 to 88-foot in the Show. The group have chosen PIMEX as the Asian premier for the all new Princess 68 – an exciting departure from Princess-convention with a galley-aft arrangement on the main deck – and are also showcasing a new Princess 64 which is dedicated for the luxury yacht charter market. Also launching into Thailand at the Show is the Princess 88 yacht, the star of the Princess Yachts line-up.

Speaking of their large presence at this year’s PIMEX, Rico Stapel, Charter & Marketing Manager said: “PIMEX is a key part of our marketing strategy and we have chosen to launch a number of new models to both the Thai and Asian marketplaces here at the Show. Following a busy first day, the feedback has been very encouraging and we look forward to showcasing Princess Yachts to the large international demographic that PIMEX attracts.”

In addition to their presence at the Show with Princess Yachts, Boat Lagoon Yachting have recently been appointed sole distributor for Wider Yachts in Thailand, Singapore and Indonesia, and the Wider 32 yacht tender is presented for the first time in Asia.

Other business that have chosen to showcase at PIMEX for the first time, and to launch their products into Thailand’s luxury marketplace include Quadski – high speed amphibious vehicles that operate on land and water – Markagain – a platform from Italy for the management and resale of pre-owned luxury assets such as yachts, luxury cars, real estate and more – and Archi Studio – specialists in architectural design and building materials using advanced technology.

Thailand’s ultimate luxury lifestyle show, PIMEX, has proven to be the Asian event of choice in for successful regional launches by global brands.

The official opening of the 12th Phuket International Boat Show (PIMEX)

January 08, 2015

Today, January 8, in the lovely Thailand yacht charter location – Phuket, saw the official opening of this year’s 12th Phuket International Boat Show (PIMEX), at a ceremony presided over by the Governor of Phuket Province, Mr. Nisit Jansomwong. Presented by Thailand Elite and displaying Phuket’s marine as well as leisure credentials to the world, PIMEX is taking place during Phuket’s peak tourism season from 8th to 11th January and is being hosted by the award-winning Royal Phuket Marina. Organisers expect a strong visitor turnout from Thailand and overseas, in particular Singapore, Hong Kong, China and Russia.

The official opening of the 12th Phuket International Boat Show (PIMEX)

The official opening of the 12th Phuket International Boat Show (PIMEX)

“The line-up of exhibitors at this year’s PIMEX, both in-the-water and onshore, is one of the best yet, a strong sign of the strength of Thailand’s marine and lifestyle industry. Yachting and lifestyle brands from around the world are displaying here in Phuket at PIMEX, underscoring PIMEX’s position as the consumer boat show in the region and Phuket as the marine playground for Asia,” said Mr. Andy Dowden, PIMEX Show Director.

With over 6 Billion Baht of product on display, PIMEX 2015 is set to break records.

At 51, this year sees one of the largest boat displays at PIMEX ever. From the smallest at less than 20 foot and priced under 2,000,000 Baht, the boats grow in size and price with seventeen over 20 metres in length including large motor yachts from Sunseeker, Princess, Monte Carlo Yachts and Sanlorenzo. The largest boat on display this year is a Custom Line NEXT 112 superyacht valued at approximately 430,000,000 Baht and which forms part of a four boat display by Lee Marine.

PIMEX 2015 from above

PIMEX 2015 from above

Two iconic British yacht brands, Sunseeker and Princess Yachts, are showing in numbers this year. Sunseeker, popularly known for being James Bond’s yacht of choice, have four large powerboats on display including the stunning charter yacht Predator 92, while Princess Yachts are showing four boats in the water as well as brokerage and luxury yacht charter offerings through local dealer Boat Lagoon Yachting.

Elsewhere in the marina are boats from Cranchi, Majesty, Gulf Craft, Azimut, Bavaria, Moody and Wider Yachts Asia. Derani Yachts have expanded to a new location at the end of Docks C and D and are showing a number of boats, the largest being a San Lorenzo 72 (example is charter yacht Lolea), while Simpson Marine have a large display with six boats including a selection from the Monte Carlo shipyard, a brand which they launched into Asia with much success at PIMEX 2014.

Ideally suited to cruising the Andaman region, multihulls are growing in popularity and this is reflected with an increase in the number of multihulls on display this year. Multihull Solutions are showcasing popular designs from Fountaine Pajot and Privilege while Northrop & Johnson’s display includes the new Thai-built solar power-assisted luxury catamaran Heliotrope 65.

Onshore, the exhibitor line-up mirrors that of the in-water display both in terms of size and quality, and also in variety. Luxury auto brands Rolls-Royce Motor Cars, Aston Martin, BMW and Mini are all debuting at PIMEX, and are joined by a collection of luxury real estate, marine and lifestyle products and services.

“The show continues to develop and I am happy to say it looks great again this year. We’ve improved the design and layout of the show for both exhibitors and visitors and our marketing has stretched all around the world. I’m looking forward to a busy and successful four days for all,” added Dowden.

PIMEX is open Thursday 8th January to Saturday 10th January from 12:00 – 20:00, and on Sunday 11th January from 12:00 – 18:00. Entry is free.

2013 Financial Results released by Princess Yachts International

January 08, 2015

The year 2013 was marked by yet another strong financial performance of the prestigious British luxury yacht builder Princess Yachts, set against a background of aggressive competition in volatile markets.

Princess 40M charter yacht IMPERIAL PRINCESS

Princess 40M charter yacht IMPERIAL PRINCESS built by Princess Yachts

Profit before tax for the year ended 31 December 2013 was £17.9 million (2012 £18.4 million) on turnover of £239.4 million (2012 £249.9 million). Net assets at the end of the year totalled £115.2 million, up £10.6 million from the previous year, with the company continuing to maintain a very strong balance sheet.

Continuing investment in the future of the business has laid the foundations for future growth. During the year, the company spent £10.4 million (2012 £9.5 million) on new product development, £2.0 million on new plant and equipment and maintained a workforce of over 2,000 people. All expenditure on new product development is written off in the year in which it is incurred and further adds to the robustness of the company’s performance.

With new yachts continuing to be added, the breadth of the model range has clearly established Princess as an industry leader in all segments of the markets in which the business operates. The recently introduced range of M Class super yachts continues to grow, with two exciting new models due to be launched in 2015 to add to the award winning flagship of the range, the Princess 40M (example is charter yacht Imperial Princess).

By any measure, the dawning of 2015 will mark a milestone in the company’s history and will herald a year of celebration as we mark the 50th anniversary of the formation of the business in 1965. We are proud that a fledgling West Country boatyard, then known simply as Marine Projects (Plymouth) Limited, has grown into the global industry leader that it has become today. It all began with a boat known as Project 31 and has today evolved into what is arguably the finest range of luxury motor yachts in the world.