Brexit to re-energise marine leisure industry

Richard Roberts and Simon White founded TheYachtMarket.com 14 years' ago Richard Roberts and Simon White founded TheYachtMarket.com 14 years' ago
Industry Database

Brexit presents a huge opportunity for the country’s leisure marine industry.

That’s the message from online classified ads business, TheYachtMarket.com, whose founder and CEO Richard Roberts believes leaving the EU will help the industry re-energise and find new markets.

“As an island nation, Britain has led the maritime world for centuries,” he explained. “I have no doubt we have the products, skills and know-how to do it again.”

And he added that Brexit will hopefully reduce the amount of red tape for businesses and free up more time for customer service rather than being overloaded by administration.

Since the referendum vote last June to June 2017, sales have grown 41%. In the same period site visits have increased by 50.3% to more than 100,000 per week.  

More enquiries from outside the UK

Broker enquiries have also increased like for like by 25.2%, most of which explains Mr Roberts have come from outside the UK.

“Thanks to the fall in Sterling - if people are buying boats in Euros or US dollars - they are getting a much better deal and without doubt this is benefitting our international business.”

The company was founded 14 years ago by Mr Roberts and his business partner Simon White and later this year will expand to sell new boats direct from dealers and manufacturers.

“It’s going to be a real innovation for the industry,” said Mr Roberts. “It’s time to embrace the manufacturers and give them a showcase for their products to complement the second-hand market.”

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