Yacht Financial Reporting

One of the most important aspects of the yacht operations is the financial management and the production of reports to the beneficial owner in line with pre-agreed budgets.

There are requirements from both the corporate and yacht management aspects of the structure and Sarnia Yachts has a finance team that provides the requisite output and visibility to satisfy owners, directors and auditors including reporting, budgeting, bookkeeping and financial statement preparation.

With pre-paid cards for captains & crew to meet day to day on board expenditure and a cloud based platform to facilitate cash/card receipt uploads from captains, the full wrap around service is available.

Our experienced finance team can provide a full financial management service.

Lee Madgewick

Lee Madgewick

Chief Operating Officer

Sophie Martin

Sophie Martin

Head of Yacht Accounting

Potential tax liability for Italian new build yachts

Potential tax liability for Italian new build yachts

Commissioning a new yacht can be an exciting time however before signing up to their dream build, prospective owners should step back and consider how best to contract with the shipyard. Security for an owner is critical during the construction of a new yacht, as...

Sarnia Yachts acquisition by Praxis completes

Sarnia Yachts acquisition by Praxis completes

 Global private wealth and corporate services provider Praxis has completed the acquisition of Sarnia Yachts. The deal, which was initially announced in mid-May, adds a diverse range of services, including yacht ownership, yacht management, crew management, yacht...

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