Yacht team expands its superyacht services with Praxis Select

Hot on the heels of rolling out its new Safety Management System for yacht and superyacht owners, independent professional services group Praxis has launched a new suite of solutions for yacht ownership, management and crew services.

Praxis Select offers three distinct products – LITE, Classic and Enhanced – that have each been designed to provide efficiencies for private and commercial yachts under 500 gross tons while maintaining a tailored approach for each vessel. For yachts above this size, the Praxis team is also well-versed in providing services across the three pillars of ownership, crew and yacht management.

The Praxis Select suite streamlines the effort required by owners and captains to develop personalised yacht ownership and administration support ashore while at the same time ensuring safety, efficiency, cost effectiveness and the highest professional standards on-board.

Yacht Services Director Bruce Maltwood said: 'Praxis Select fills a gap in the market for carefully curated yacht services solutions that combine expert knowledge with advanced technology and fee transparency. Our solutions significantly reduce the administrative burden and ensure that tasks from VAT returns to crew payroll can be executed quickly and accurately.

'Once we have identified the appropriate product for each client, our timelines and fees are set out clearly from the outset and we offer a zero-cost setup fee option along with a fixed monthly fee, which is another aspect of our offering that really sets us apart from other providers.'

The Praxis Select suite features tailored management plans, specialist corporate ownership, proactive crew management, 24/7 support and extensive financial oversight.

Lee Madgewick, Group Head of Yacht Services, said: 'Praxis Select demonstrates our commitment to setting the benchmark for the provision of world-class yacht services. Our international clients expect the best and we are dedicated to providing them with transparency, innovation, and a proven track record of excellence.

'The team has worked incredibly hard in the design of our LITE, Classic and Enhanced products and we are already seeing a very favourable response from the market.'