The UK-based superyacht service provider is moving its London headquarters from its long-time premises in Pall Mall to nearby Regent Street. The move, says Burgess, is in response to continued growth over the last decade.
UK-based superyacht service provider Burgess is relocating its London headquarters from its long-time premises in Pall Mall to nearby Regent Street. The move, says Burgess, is in response to continued growth over the last decade.
The London office provides a full range of superyacht services: brokerage, charter, charter management, technical services, yacht management, crew services, insurance and marketing. Over 75 of the 180 team members employed by Burgess are based in the London office, including the company’s senior administration and financial staff.
“The industry is currently in a very interesting cycle, so the move to larger premises nearby is an exciting step for us,” says Burgess CEO Jonathan Beckett. “Not only will the move allow us to keep pace with the developing needs of the business, but the new environment will be beneficial for team building which is an important factor in the DNA of Burgess.”
Burgess claims to have enjoyed “unmitigated success” in all divisions over the last decade, enabling strong organic growth. A substantial volume of international transactions is processed through the company’s London office, which is an important hub for its core brokerage and charter operations.
In the brokerage division, Burgess says it has consistently led the way in large yacht sales for the last decade, with the highest value of sales and the largest average length of yachts sold across the industry. For the last two consecutive years, the total value of Burgess sales recorded by asking prices exceeded €1bn.
The charter management and retail charter divisions of Burgess are also strong performers. The central agency fleet consists of close to 100 motor and sailing yachts from 30m-95m, with the largest share of the market in the 50m-plus range.
“As we enter the third quarter of 2016, the turnover to date of both charter divisions heralds a record-breaking charter year in the company’s 41-year history,” says Burgess in a statement.
Burgess Technical Services (BTS) is one of the company’s greatest achievements, having project managed the construction of more superyachts from 40m-180m than any other yachting company to date, claims Burgess. The in-house team has supervised projects in 23 shipyards across three continents, including the 180m Azzam, which ranks as the world’s largest yacht measured by LOA.
Excluding projects under development, current projects in build with BTS have a total value in excess of €1.5bn, including two Passenger Yacht Code compliant yachts.
Burgess’s new London address is Cunard House, 15 Regent Street, St James’s, London SW1Y 4LR.