British Marine is working hard towards our National Agenda objectives on behalf of members and underpinning this is the creation of a sustainable business model that offers excellent member benefits whilst ensuring a financially viable future for the organisation.
Consequently the 2018/19 and 2019/20 financial years have seen significant levels of investment to relocate and reshape the organisation, including the addition of an executive Commercial Director and a new digital offering (the latter work in progress). This spend has translated into planned and budgeted operating losses where we have used the increases in our asset portfolio to the benefit of our members. Our latest filed accounts show our gross asset base is some £6m.
These vital investments made into the future health of British Marine ensure we continue offering vital industry support and there is no better example than the assistance being delivered through COVID-19.
The disappointing postponement of this year’s 52nd Southampton International Boat Show is a one-off occurrence and it will return bigger and better in 2021.
I am pleased to say that despite the ongoing impact of coronavirus, which has seen significant increased demand for British Marine guidance and services, we are in a great position to continue delivering for our members and into the future whatever the challenges.
Content extracted from https://www.boatingbusiness.com/news101/comment/british-marine-news/investing-in-our-industrys-future