Despite general concerns being raised in the business community about the economic impact of Brexit, Verisona Law’s Director Tim Reynolds is delighted to report that, after attending this month’s Southampton Boat Show, the Marine Industry is on top form.
‘Boats are still big business,’ Marine Law Specialist Tim Reynolds surmised upon his return from the Southampton Boat Show last week.
After accepting invitations to attend one of the biggest dates in the Marine World’s calendar – one day to be involved in the promotion of a new design of boat, and on another to attend the British marine legal insurance and finance board meeting - Tim reported clients and associates telling him of full order books, renewed enthusiasm and great confidence from the 10 day event.
‘There was a great deal of activity which created an exuberant atmosphere and has injected a new energy into the community,’ he says. ‘I was asked to meet with new and existing owners and even had people ask me for legal advice on potential purchases right there and then. It was clear that customers from across the world were ready to buy and companies were delighted to sell.’
Organisers reported a record number of visitors on the water contributing to an attendance of over 106,000, 20% of the 500 exhibitors making their debut at this year’s event, and the hosting of 35 world launches, 12 European, 70 UK and 39 show debuts.
Murray Ellis, Chief Officer of Boat Shows, British Marine said: ‘There has been some incredible business done over the course of the Show with one of our larger exhibitors recording the best sales day at any Show they’ve exhibited at globally.’
Sean Langdon, Managing Director of Discovery Group said: ‘We are delighted to be finishing TheYachtMarket.com Southampton Boat Show 2017 with confirmed orders of £3million and estimated orders of £3.5 - £4million. We’ve sold boats across all ranges – Discovery Yachts, Southerly Yachts and Bluewater Yachts – to a range of global buyers.’
Kiran Haslam, Princess Yachts commented: ‘It’s been a record Show. On Friday (22 September), we had exceeded every previous year whilst the first Saturday (16 September) was the single highest sales day in history at any Show.’
‘I have recently completed the purchase of a £2.5m yacht from Princess yachts and am happy to see that they have, along with other established premier motor boat builders such as Sunseeker, successfully risen to the challenges of today’s marketplace,’ says Tim. ‘Producing ever larger and more attractive complex yachts on time and to the highest of standards within an increasingly competitive global market is not an easy task, but long may it continue.’
For the full post event press release, visit: https://southamptonboatshow.com/Press-Centre/2017/September/The-49th-TheYachtMarketcom-Southampton-Boat-Show-draws-to-a-close