Business performance by specific market. (Click to enlarge image.) (Source: BMF Industry Trends May-November 2012.)
Business performance by specific market. (Click to enlarge image.) (Source: BMF Industry Trends May-November 2012.)

According to the BMF, revenue for the UK marine industry was slightly up on 2010/2011, the first time a yearly increase has been reported since 2008/9.

Key findings of the BMF Key Performance Indicators report 2011/2012 include:

  • total revenue of the UK leisure, superyacht and small commercial marine industry is £2.8 billion ( up 0.3% on 2010/2011);
     
  • international trade revenue is £1.0 billion, 35.1% of total revenue (down 0.3% from 2010/11);
     
  • full time equivalent (FTE) UK employees is around 31,000 across the industry (down 0.7% from 2010/11); and 
     
  • total number of UK businesses is around 4,200.

Read the complete report here.

 

"The outlook for the UK leisure marine industry is one of quiet confidence despite the ongoing economic difficulties.”
Howard Pridding, CEO, British Marine Federation

The BMF's latest Marine Industry Trends survey (May-November 2012) highlights that the UK leisure, superyacht and small commercial marine industry is seeing some strengthening in business performance trends with stability increasing. This is most notable in international markets compared to the same period a year ago.

The report's findings include:

  • over the last six months there has been a slight uplift in marine business activity trends with 36% of BMF members reporting an increase and 33% a decrease (net balance +3%); and
     
  • future business prospects are looking marginally more positive than those reported in May 2012 with 37% foreseeing the next six months as good/excellent, 44% believing prospects to be 'OK' and 19% having negative expectations.

Read the complete report here.