Princess Yachts International

Plymouth-based Princess builds luxury yachts varying in size from 39ft to 130ft long. It is owned by L Capital, a private equity fund backed by luxury goods giant LVMH, which bought a 75% stake for a reported £200m in 2008. Managing director Christopher Gates, 52, led Princess to sales growth of 20% to £249.9m in 2012, after expanding its range with the 40-metre Princess 40M. It also added the performance focused S Class range this year.

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Company details
CompanyPrincess Yachts International
ActivityMotor yacht builder
Sales £m249.9
Operating profit £m20.4
Main shareholdersL Capital and others

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda