Annual Budget Creation

Annual Budget Creation

Burgess has developed a unique approach to cost forecasting, which follows a forensic method and uses in-house algorithms to predict costs based on numerous variables.
 

The key activities provided by the Budget Development Service are as follows:

Our Annual Budget Service provides structured financial planning, ensuring transparency and control over your yacht’s operational expenses for the year ahead. 

  • Initial consultation with key stakeholders (owner, captain, and/or family office) to outline the yacht’s intended itinerary and operational plans for the year 
  • Prepare a comprehensive overview report detailing the planned itinerary and identifying key cost drivers for the coming year

The client will receive a detailed 12-Month Financial Budget outlining all expected costs, broken down per month and per category, including: 

  • Operational expenses (fuel, berthing, insurance, and general running costs) 
  • Crew salaries and related costs 
  • Main machinery servicing and maintenance 
  • Auxiliary machinery servicing and maintenance 
  • Refit 
  • Class and statutory survey costs 
  • The budget does not include owner specific upgrades or unplanned maintenance items

Gain full financial visibility and control over your yacht’s annual expenses. 

Contact us today to set up your yacht’s annual budget planning.

Yacht Support Services

Discover the Burgess difference

Burgess has deep experience in solving problems, improving efficiency, and supporting yachts of all sizes – including those under 500GT. With our new Yacht Support Services resource, you can tap into that expertise whenever you need it. Whether it’s day-to-day operational advice or expert support, our specialists are just a call away. Burgess is on your side – with trusted guidance, a transparent fee structure, and a commitment to making yachting simpler, safer, and more enjoyable for you.

World class expertise on your terms

You can have Burgess experts on the phone – for the best support and advice when you need it. Burgess is on your side, from using our knowledge to anticipate risks and liabilities, choose the services that you want and pay only for what you use. It’s world-class support, on your terms.

Support available in crew services and finance

We can source and recruit crew, ensure compliance with relevant legislation and provide training. We can also manage payroll and offer advice. Financially we can set up bank accounts, sort the credit cards, upskill in Sage systems and provide a dedicated Burgess accountant.

All aspects of operation

From comprehensive crew recruitment and trusted financial services to cloud-based document handling, regulatory guidance, insurance, yacht assessments, and advanced maintenance planning, we provide seamless, expert support across every aspect of yacht ownership.

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