GYG Limited
Live
United Kingdom
MARKET CAP
£14m
COMPANY NUMBER
10001363
ISIN NUMBER
GB00BZ4FM652
REGISTRAR
Link
SETTLEMENT
CREST
SECURITY CLASS
Ord
CURRENCY
GBX
INTRODUCTION
The world’s leading superyacht service & supply group. GYG is a global market leading superyacht painting, service and supply company, offering services throughout the Mediterranean, Northern Europe and the USA. The Group primarily trades under the Pinmar, Pinmar Yacht Supply and Technocraft brands. GYG has pioneered many of the innovations and methodologies associated with superyacht painting and is recognised as the most technically advanced applicator in the industry.
GYG’s operations can be divided into three key markets:
- New Build – the fairing and painting of new superyachts as part of the construction process.
- Refit – the repainting and finishing of superyachts normally as part of a refitting programme
-
Supply – the sale and delivery of maintenance materials, consumables, spare parts and equipment for the care and operation of superyachts
COMPANY DIRECTORS
Remy has 40 years of yachting industry experience, having begun his offshore career in 1982. He quickly progressed, becoming a yacht Captain by the age of 29. He joined Pinmar in 1996 and in 2003 led the management buyout in partnership with the Ferretti Group, becoming Managing Director in the process. Following a growth phase under partial Ferretti ownership, he led the acquisition of the scaffolding business in 2005 and the US business in 2009, the buy-back of the Ferretti shares in 2009 and subsequently the merger of Pinmar and Rolling Stock in 2012, to create GYG. In 2016 he also led the investment into the Group by Lonsdale the Private Equity Fund and the IPO in 2017.
Richard spent 35 years with Ernst and Young LLP becoming deputy Managing Partner of UK & Ireland and a member of both the Europe, Middle East, India and Africa (EMEIA) Board and Global management group. Since leaving EY, Richard has been involved either as chairman or non-executive director on a variety of private and public companies and has been involved in company disposals in excess of £400 million. Richard currently serves as a non-executive director of Odyssean Investment Trust PLC, is chair of trustees for the Willow Foundation, and is also a trustee of FareShare, the UK’s national network of charitable food redistributors.
Richard has extensive experience of investment markets, having worked within private equity, investment banking, institutional asset management companies and as a board member of various listed companies. His most recent roles were with Sportech plc which he joined in 2016 as a Non-executive Director, becoming Chairman in 2017 and then Chief Executive Officer in 2019, overseeing a major restructuring of the business completed in August 2021 when he stepped down from Sportech’s board. Richard re-joined the Sportech board in April 2022 and is the company’s Non-executive Chairman.
Richard has also previously served as a Non-executive Director of Timeweave plc and Mitchells & Butlers plc. He has, in the past, also held management positions at Tavistock Group, Citigroup, Salomon Brothers and HSBC.
Rupert was a highly respected yacht captain for over 16 years and is still a keen racing yachtsman. He moved ashore and joined Rolling Stock in 2006 where he became Managing Director and was instrumental in the development and growth of the business into a leading player in the yacht painting and service sector. Rupert has been responsible for the integration of the various Group companies, running the business on a day to day basis. He is now focused on the Group’s commercial development and continues to be influential in the strategic growth of the business.
COMPANY NEWS
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