Top Track 250

The first boat sold by this company was a 31ft motor cruiser built and fitted out in 1965. Princess, based in Plymouth, builds luxury motor yachts which are sold all over the world. It recently opened a new office in Mayfair, and has plans to build models of 130ft and over. In 2008 L Capital, the investment firm sponsored by Moët Hennessy Louis Vuitton and Groupe Arnault, paid a reported £200m for a majority stake. Under chairman David King, sales in 2008 reached £206.6m, although the company has had to cut costs this year, as sales are set to fall.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyPrincess Yachts International
ActivityMotor yacht builder
Sales £m206.6
Operating profit £m24
Main shareholdersL Capital (77%), management and others (23%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda