Hot 100 2012 – 75: Holyhead Boatyard

The basics

Company name: Holyhead Boatyard
What they do: Family-owned boatbuilding and refitting
Headquarters: Holyhead
The boss: Mark Meade and family

The financials

Latest turnover (£,000): 32,683
Four-year compound sales growth (%): 33
Latest Ebitda (£,000): 14,512

The details

Moves into wind farm support services have helped keep Holyhead Boatyard on a growth trajectory. 

A family business based in Anglesey and set up by the father of current head Mark Meade, the company has two limbs. The first builds and overhauls commercial vessels, including RNLI lifeboats, fishing boats and tugs, and MoD vessels. The other charters vessels to both the public and private sector. Contracts range from providing ferries to the Falklands government to working with construction companies such as McDermott on pipelay contracts in Nigeria. 

This latter line of work has proved sufficiently lucrative, albeit risky – Meade says there has been a kidnapping incident – that the company now has a subsidiary in the Caspian Sea. 

More recently, efforts have been directed towards wind turbines. “We are the transit vans or buses of the industry. We take technicians and their tools back and forth to offshore wind turbines,” explains Meade. “It’s a very fast developing industry, and we are one of the market leaders.” 

Holyhead is active in this field in Belgium, Holland, Denmark and Germany as well as the UK, and now has 22 boats. Across its various divisions, the company employs over 200 staff worldwide, who have helped increase Ebitda to £14.5m.

The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.

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