burgess yacht turnover

Burgess secures over $2.5b in sales

Burgess has recorded over $2.5b in sales for 2022 and a charter increase of 50% from pre-pandemic levels. Its Technical Services team is also 20% up on last year’s figures.

The British owned superyacht agency said it sold the 72m (236ft) Delta Marine Albatross (pictured) a few days after the Monaco Yacht Show. Having only received the vessel the day before the event, it was one of the company’s “ fastest deals on record.” The sales team sold another three yachts in the same week, one of which was a confidential deal of more than €100m.

“We have once again had a tremendous year across all departments,” said company CEO, Jonathan Beckett. “I am delighted with the team’s unstoppable efforts.”

Beckett added that the company owes its sales record to the guidance from the senior members of the brokerage team.

The firm also reported over 860 charter bookings this year. Ben Harwood, head of Charter, said the numbers were due to pent-up demand left over from the pandemic.

“ Everyone just wants to get away and travel,” he said. “ Our US clients were ready to get back to the Mediterranean after many chose to charter closer to home in the Bahamas or the Caribbean for the last couple of years.”

The Burgess fleet was fully booked during the Med’s peak season from June to August. Clients had to book earlier to get their desired yachts – a trend that is continuing into 2023 and 2024. Burgess signed another 23 yachts to its fleet in 2022 to meet this rise in demand.

This year also saw the introduction of Burgess’ New Build Sales team, consisting of senior-level sales brokers and naval architects. This has led to the company’s Technical Services team reporting an increase of 20% and six yachts under construction.

Sean Bianchi, head of New Construction said: “Across the industry, the new build sector continues at a buoyant pace, shipyards continue to report very few build slots available for the next few years. Burgess Technical Services enjoyed another productive and busy year despite the ongoing global issues.”

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Thanks to you, Burgess nears its 49th year on a high

Published 07 December 2023

The superyacht industry has reached a critical point in its history and as a result tough questions are being asked. At Burgess, we have enjoyed another successful year across the board, in fact it is one of our top three years to date in terms of revenue. However, this year we are looking at our other triumphs as our successes.

Business as usual across our 360-degree services

For  Brokerage we expect to end the year with over USD 1.3 billion in sales bringing us back to business-as-usual following unprecedented demand during the Covid years.

In  Charter 804 trips were booked by the team meaning our clients collectively spent 942 weeks or 6,807 days aboard this year.

Burgess Technical Services successfully delivered LEONA and have another 12 yachts in build, totalling over 700m in length.

Burgess Yachting Financial Services is up year-on-year by 17 percent, and  Yacht Management is also delivering exceptional service to over 115 yachts across the globe, up by 10.6 percent from 2022.

Ian Armstrong, Managing Director, Burgess commented, ‘We have had an historically strong year in 2023, building on our leading position, and continuing an almost 50-year legacy. Our global footprint and reach gives us the insight and capacity to deliver the best service to our clients across all our lines of business. 

‘Burgess is the leader in the highest-quality part of the market, which we expect will continue to be attractive to the brokerage and charter markets. Notwithstanding the uncertainties in the geopolitical and macroeconomic environments, the industry can go into 2024 with optimism.

‘We will continue to deliver an unmatched 360-degree offering to our clients as they look to enjoy the benefits of construction, ownership and usage in the years to come.’ 

ESG - Environmental, Social and Governance

The Burgess Blue Oceans team successfully deployed a number of initiatives this year with a major focus on our environmental programmes.

By the end of 2023, Burgess, together with our clients and our staff, will have donated over GBP 100,000 to our conservation partner  Blue Marine Foundation since the partnership began in 2021. Thank you! These funds go directly to restore vital marine habitats, develop sustainable fishing models, create marine-protected areas to revive and protect threatened species and to sequester carbon. 

In addition, in 2023

• We donated USD 10,000 to Oceana's US Plastics Campaign
• GBP 56,062 has been donated to charities worldwide chosen by our staff and crew via the Burgess Charity Policy
• A further 18 staff used the Burgess Charity Policy to volunteer at their chosen charities worldwide 
• We sponsored Team Hold On for Dear Life ( HODL ): three men rowing across the Pacific, raising funds for The Ocean Clean Up and setting a new world record at the same time! 

In May, Burgess initiated the Global Clean Up where over 300 people across the world from employees to crew to our industry colleagues took some time out of their busy days to collect plastic from oceans, rivers, and lakes.

Following a successful 2022  Global Impact Project to The Philippines with All Hands and Hearts, another three Burgess staff members headed to Poland in November 2023 to join the Ukraine Crisis Relief mission. Spending a week volunteering their services, the Burgess team helped build shelters, renovate rooms, and organise donations ahead of another cold winter for the displaced Ukrainian refugees.

The USA has consistently been our most loyal market with over 40 percent of transactions taking place in brokerage, and over 50 percent of clients embarking on a charter. As a result, we heavily invested in the US market in terms of initiatives.

We moved the team to  Aspen for the winter and spent 12 weeks with our clients, and prospective clients. Over the course of those three months, Burgess joined fine-art photographer Gray Malin and premium lifestyle leader ASPENX to host an immersive après-ski beach club.

We relocated our office in Miami to the 27th floor of the state-of-the-art 1450 Brickell office tower designed by the celebrated architectural firm, Nichols Architects. The 35-story Class-A tower has tenants including JP Morgan Chase, Bilzin Sumberg, and several leading law firms, family offices and private equity firms.

Our expansion is set to continue into 2024. Until then, Happy Holidays!

To find out more about Burgess’ yachts for sale and yachts for charter , please contact a Burgess broker . Alternatively, get in touch with one of our offices directly: London , Monaco , New York , Miami , Singapore or all other locations .

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Strong 2023 for Burgess

Burgess enjoyed one of its top three years to date in terms of revenue in 2023.

Looking back on the year, the company says it was expecting to end the year with more than USD 1.3 billion in sales bringing it back to business-as-usual following unprecedented demand during the Covid years.

Other highlights of the year saw its Charter division booking 804 trips with clients collectively spending 942 weeks or 6,807 days on board.

Burgess Technical Services delivered the yacht LEONA with a further 12 yachts in build, totalling over 700m in length.

And Burgess Yachting Financial Services ended the year up by 17% year-on-year, with Yacht Management up by 10.6% from 2022.

“We have had an historically strong year in 2023, building on our leading position, and continuing an almost 50-year legacy,” said MD Ian Armstrong. “Our global footprint and reach gives us the insight and capacity to deliver the best service to our clients across all our lines of business.”

And he added: “Notwithstanding the uncertainties in the geopolitical and macroeconomic environments, the industry can go into 2024 with optimism.”

The USA has consistently been the company’s most loyal market with more than 40% of transactions taking place in brokerage, and more than 50% of clients taking a charter.

As a result, Burgess has invested in the US market including relocating its office in Miami. The 35-story Class-A tower has tenants including JP Morgan Chase, Bilzin Sumberg, and several leading law firms, family offices and private equity firms.

In addition to a growth in charter, financial services and yacht management, Burgess staff took place in several environmental programmes including donating to the company’s Blue Marine Foundation and to Oceana’s US Plastics Campaign and to charities chosen by staff and crew.

The company provides charter, brokerage, build, refit and management services.

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Burgess closes the year surpassing the usd 2.5 billion mark

Burgess, the full-service superyacht agency for yachts over 30m, closes the year hitting the 2.5 billion dollar mark. Both the charter and sales contributed to this result.

‘ We have once again had a tremendous year across all departments. With brokerage securing well over USD2 billion in sales, charter around 50% up on pre pandemic levels and our New Build team 20% up on last year’s figures, I am delighted with the team’s unstoppable efforts’, confirms CEO Jonathan Beckett .

In charter, 860 trips were booked by the team meaning our clients collectively spent 1100 weeks or 7700 days on charter this year, Ben Harwood, Head of Charter owed the success to a pent-up demand left over from the pandemic. ‘Everyone just wants to get away and travel.

The peak weeks from mid-June to mid-August saw the Burgess fleet booked out meaning clients had to book very early to ensure that they got the choice of yachts for the weeks they wanted. That trend of booking ahead is continuing into 2023 – and even 2024.

Burgess Charter has already responded to this demand by signing more yachts to the fleet. ‘We have signed another 23 yachts so far this year,’ Harwood confirms.

Moreover, the 72m ALBATROSS joined the Burgess sales fleet the day before the Monaco Yacht Show, and sold a few days later making it one of the fastest deals on record resulting in the team closing four yachts in seven days in the final quarter: 5G, LIND, ALBATROSS plus one confidential deal in excess of EUR 100 Million.

‘Our service is unrivalled, and we simply get the job done, whether we are selling a 30m yacht or 100m – we deliver the same service to our clients. At the end of the day, we are in the relationship business, and this is where we shine,’ concludes Richard Lambert , Head of Sales.

Building on the success of Burgess Technical Services, 2022 also saw the introduction of the Burgess New Build Sales team – a merge of highly experienced sales brokers and naval architects resulting in a seamless experience for any clients wishing to build a new yacht. The Technical services team has reported a year-on-year increase of 20% with six yachts in build and several more under negotiation.

Sean Bianchi , Head of Burgess New Construction said ‘Across the industry the new build sector continues at a buoyant pace, shipyards continue to report very few build slots available for the next few years. Burgess Technical Services enjoyed another productive and busy year despite the ongoing global issues. The New Build Sales team also supported our clients throughout 2022 ensuring all aspects of a project were being considered and our client’s interests protected. The New Build Sales team continue to monitor the industry, production and build slot availability, they are first to know of any opportunities which we share directly with our clients.’

(Burgess closes the year surpassing the usd 2.5 billion mark – barchemagazine.com – Decemeber 2022)

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Burgess closes the year with $2.5B in sales

Brokerage firm Burgess has reported impressive growth figures across each of its brokerage, charter and new build departments, culminating in sales activity of more than $2.5 billion for 2022. 

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By SuperyachtNews 29 Nov 2021

Burgess capitalise on buoyant market

After selling four superyachts in seven days, we look at the extent of their success compared to previous years….

Burgess, a leading superyacht brokerage house, has announced that it has sold four yachts in seven days. The sales amount to over 166m in total length and just under 65million EUR in total value (last known asking price). The yachts sold reveal the global scope of the company, with teams in Asia, Palma, New York and Monaco each securing individual sales. 

Jonathan Beckett, CEO comments, “The past 13/14 months have been pretty extraordinary – almost relentless in the sales market. Yachts have been selling at really good prices and talks of ‘COVID deals’ was quite honestly a myth. We are delighted with the current sprint to the finishing line of 2021, but we aren’t there yet – still more deals to be done as we enter December!”

Since 2015 Burgess have sold over 10,000 metres worth of 30m+ superyachts. They've sold 213 superyachts in the same time period with the average vessel being 50.4 metres in length. The total value of their superyacht sales since 2015 is 5.27 billion euros. The numbers are staggering, and yet, their yearly average is still expected to increase. The four vessels which were sold in the same week are listed below;

The first yacht sold was the 55.5m brand new Damen support vessel Time Off, which was recently given to its new owner through the Palma office, which took control of the sale and also represented the seller. Time Off features an accommodation layout for up to 7 guests and 4 staff plus crew. Time Off was on the market for just under a year and was available for delivery from July 2021. 

Next up was the 44m Bloemsma & Van Breeman motor yacht Arete. She joined the Burgess sales fleet in March 2021, and eight months later was sold with the Burgess Miami team bringing the buyer and representing the seller. 

Moon Sand Too, the 33.9m Feadship Lagoon Cruiser was next to go with the Burgess Asia office representing the seller. Moon Sand Too joined the Burgess sales fleet in August 2021 and was sold three months later. 

The grand finale for an incredibly successful week was the sale of the sailing yacht Ribelle. A firm favourite within the Burgess fleet, this 32.6m Vitters performance sailing yacht joined the Burgess fleet as a whisper listing before the owners became committed to selling at the right price. 

Throughout the past year, and the pandemic, Burgess has seen significant activity in the sales and new build sector as more and more clients decide that now is the right time to get on the yacht purchase ladder. The market has been extremely buoyant since the last quarter of 2020. Data from The Superyacht Agency reveals that the kind of yachts Burgess are selling this year are on average 54 per cent more valuable than the yachts they were selling five years ago. Even though they sold seven more superyachts in 2016 than they have so far this year, the total value of the vessels this year is worth 129 million more.

Despite three of the four vessels sold last week being under 45 metres, the average length of vessels sold is 52.1 metres for this year. Not only is this a testament to the size of vessels Burgess sold earlier in the year, but it also proves the company's burgeoning success in the megayacht market. Earlier this year they sold the 126 metre motor yacht ‘Octopus’. The pandemic years have also proven to be a financial success for the company. Our data shows that they made more money from selling superyachts in 2019 than they did in 2016 and 2017 combined.

Furthermore, as Beckett highlights, there is still time to sell more yachts. If Burgess sell just two more yachts by then end of the year it will be just the third time in seven years that they sell 20+ superyachts in twelve months. The data further cements their role as a brokerage giant of the superyacht industry. 

To find out where we get out information from visit The Superyacht Agency and learn more about what we do.

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