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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.”

Ian Armstrong, Burgess MD. Photo courtesy Burgess
Ian Armstrong, Burgess MD. Photo courtesy Burgess

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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