The 8 Yachts Ltd is launching into the Superyacht Management market, representing a unique company providing its management as well as consultation services to only 8 superyacht owners. By limiting the size of the fleet it manages, 8 Yachts will achieve substantial savings for owners, whilst allowing them to relax, safe in the knowledge that their yacht is being carefully run under best practices by highly qualified people, with a passion for the industry.
8 Yachts is the brainchild of experienced independent superyacht managers Jim Passmore and Guy Waddilove. Concentrating on quality rather than quantity, the attention to detail that 8 Yachts offers goes above and beyond the levels of service currently provided within the industry, with efficiency and value for money integral to the company’s high standards.
The founders of 8 Yachts seek to address two major failings in current industry provision: that the levels of hands-on expertise and service promised to owners in the initial meeting cannot be delivered by managers overseeing a large fleet; and that basic conflicts of interest arise when management companies act as charter agent, yacht broker and crew agent. By limiting the number of Yachts they manage to just 8 and by focusing exclusively on yacht management, 8 Yachts can work solely in the best interests of each owner.
About The Founders
With over 40 years’ combined experience in the superyacht industry, Jim Passmore and Guy Waddilove have operated large yachts all over the world. For the last decade they have focussed on superyacht new builds and operations management. Both are licensed captains and members of the International Institute of Marine Surveying. Guy is a qualified Marine Surveyor and has ISM (International Safety Management) credentials while Jim has an Executive MBA and a Diploma in Project Management.
Jim Passmore comments: “Whilst there are many companies offering management services, few are hands-on enough to allow owners to benefit from the savings that detail-orientated, proactive management can bring. Our owners regularly see a 30% reduction in costs; a significant annual saving that is simply not achievable with managers overseeing large fleets, which is the current norm within the industry.”
Guy Waddilove comments: “8 Yachts will focus exclusively on managing boats and overseeing new builds and refits based on a clearly set out and agreed fee structure.
“We can’t promise our clients a high quality coffee table brochure each year; or that they will be able to visit us at offices in Monaco, London, New York or Moscow, but we commit to being there to offer sound advice whenever they pick up the phone, and working hard to improve their experience whilst saving money.”
The owner of 37 metre charter yacht Bliss comments: “Throughout the build of Bliss, Guy’s guidance and advice resulted in a yacht that has proved itself over many thousands of ocean miles for the past four years. Guy has taken care of every detail, allowing me to focus on the more enjoyable parts of superyacht ownership.”
With representation in the northern and southern hemispheres, 8 Yachts is equipped to cover its fleet whether they are cruising in Europe, the Caribbean, the Pacific or Southeast Asia. The partners’ extensive knowledge of world’s cruising areas allows them to advise owners and captains on itineraries and practical operational matters.