icon_arrow_down icon_arrow_left icon_arrow_left_large icon_arrow_right icon_arrow_right_large icon_arrow_up icon_bullet_arrow icon_call icon_close icon_facebook icon_googleplus icon_grid_off icon_instagram icon_login icon_mail icon_menu icon_message icon_minus icon_pinterest icon_plus icon_quote_end icon_quote_start icon_refresh icon_search icon_tick_on icon_twitter icon_video_play icon_youtube

Subscribe to our mailing list

Newsletter Preferences

Choose one or more newsletters
No, thanks

British refit yard Burgess Marine enters administration

One of Britain’s biggest superyacht refit yards, Burgess Marine has gone into administration, it has been confirmed.

The Dover-based yard appointed BDO as administrators earlier this month (December 13), citing “challenges surrounding the delivery of a major refit project completed in Portchester earlier this year and the payment of the final account”.

The statement adds that a Southampton-based business, believed to be Southampton Marine Services, has stepped in to acquire all of Burgess Marine’s subsidiaries, where business continues as usual.

This move saved 45 jobs, but a further 100 jobs are due to be lost as part of the demise of Burgess Marine, The Daily Echo reports. Speaking to the local news provider, Danny Dartnaill, partner at BDO, said: “Difficult trading conditions and a shortfall in the company’s working capital position – contributed to by a failure to secure the final payment due in regard to a recent major refit project – significantly affected the business and its ongoing viability.”

With eight UK facilities and a ninth in Palma, Mallorca, Burgess Marine was a major player in the superyacht refit market. Recent projects included the classic yacht Lady A and a Mangusta 165 open yacht. News of the business’s collapse comes just 13 months after the yard announced the acquisition of Exeter-based Global Services and its sister company Global New Builds.