Meercat Workboats is expecting Britain’s decision to leave the European Union to reignite its export business as the pound weakens.
The company has built 28 boats to date, exporting two to Norway, two to the Republic of Ireland, one to Sweden, two to Saudi Arabia, one to Tasmania, one to Peru, and one to Australia.
With exports to date totalling a third of the builds the business believes it is best placed to maximise the potential of a lower value Sterling.
Nicholas Warren, the CEO of Burgess Marine, the parent company to Meercat Workboats, claimed: “The referendum has given us a wonderful opportunity to re-energise our export business.
“Domestically the business is performing ahead of expectations but to open up international markets again, to coincide with the firm’s relocation to better premises, is seriously opportunistic.
“We’re genuinely excited about some very real export opportunities - this is great news for British workboat building.”
The Portchester-based boat builder is relocating to Units 3a & 3b Hythe Marine Park, Shore Road, Hythe, near Southampton.
The new premises will increase the company’s manufacturing capacity with two 20T gantry cranes, an electrical workshop, a hydraulic workshop, aluminium welding bays, dedicated stores, offices and customer parking.
Jamie Lewis, who is the managing director of Meercat Workboats, added: “This move really is significant for us.
“We’ve been searching for a new home for 18 months and it’s really great news that we’ve found a fantastic landlord in Oceanic Estates and superb new premises.
“The footprint really is perfect - and we need it to deliver on our FY17 business plan and our current pipeline.”
Meercat Workboats was founded in 2006 and employs 14 staff. In September of 2014, it was acquired by Britain’s largest independent ship repairer Burgess Marine.
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