Project Maritime is one of the UK’s leading providers of marine equipment, logistics, co-ordination and specialist watercraft for film and television. With over 35 years’ experience and the UK’s largest private fleet of 170 filming boats spanning camera, safety, support and period categories, the family-owned company complements its asset base with HSE-regulated media diving, equipment hire and in-house build capability. The company enjoys an unmatched reputation with major studios, streamers and broadcasters for delivering complex water work where safety, practicality and visual authenticity are paramount.
The investment case is asset-led, centred on the intrinsic value of the fleet and associated equipment, with clear upside for a strategic acquirer through professionalising operational systems, increasing utilisation and broadening client frameworks.
Essential credentials. HSE-registered diving contractor operating to DAWR and Media Diving ACOP; approved BBC supplier; disciplined RAMS, toolbox talks and on-set protocols underpin delivery.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2022 (Actual) | 708 | 426 |
| 2023 (Actual) | 505 | 224 |
| 2024 (Actual) | 504 | 272 |
| 2025 (Actual) | 276 | 154 |
2025 performance reflects a period of reduced activity due to temporary founder unavailability.
Project Maritime is set up for step-change growth under professional ownership, with founder support through a managed handover. The playbook is practical: systemise a proven craft, let the assets work harder, and institutionalise relationships—without changing the DNA that clients value.
Professionalise the commercial engine. Implement a lightweight CRM to capture pipeline, quote status and client history; introduce clear rate-card bands (day/week) by vessel class and complexity; standardise Ts&Cs and response SLAs. This improves win rates, price consistency and forecasting, and makes repeat business easier to service.
Digitise the catalogue. Publish a searchable, visual fleet library (specs, dimensions, look references, typical use cases) with availability signals and a simple enquiry flow. Faster quoting and better asset matching raise utilisation and reduce idle tail.
Lock in demand. Formalise framework agreements with key studios/streamers and leading producers for water-unit, safety and diving packages. For series work, offer menu-priced bundles (boat + safety + diving + pontoons) to increase average order value and predictability.
With the intended eventual retirement of its founder project Maritime offers a rare chance to acquire a shoot-ready, asset-rich platform with deep category coverage, a safety-first culture and a credit list that opens doors. The fleet already exists, the craft already works, and the market knows the name. Value uplift is practical and near-term: systemise quoting and CRM, formalise rate bands and client frameworks, deploy selective capex into high-demand vessels, and retire low-use stock to raise utilisation and returns—without changing the underlying DNA that clients value.
IM available under NDA.
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