Rising confidence in the stability of oil and gas prices in the North Sea are helping to drive growth for Guernsey-based superyacht service provider Voyonic Crewing Ltd.
To facilitate its continued development, Voyonic has announced it is expanding its headquarters in Elizabeth House, Ruettes Brayes, St Peter Port, Guernsey.
Voyonic provides a full range of superyacht services, including offshore crew management and employment services to the marine and yachting industries. MLC compliant and ISO certified, Voyonic specialises in HR, payroll, pension and crew management of superyacht crews. Over 40 team members employed by the company are based in the Guernsey office, including the company’s CEO Neil Carrington.
Carrington commented, “We are probably the Island´s biggest employer. We recruit, manage, pay and handle the tax and social affairs of more than 6,000 individuals whom we employ on behalf of a wide range of maritime and aviation clients.
“The rising confidence in oil and gas prices has created a surge of activity in the North Sea as fresh investment is pouring into the offshore energy sector and operators in the exploratory and production arenas need staff. Increasingly, they outsource the full HR, payroll and other employment elements of crewing to specialists like Voyonic; so the move to larger premises is an exciting step for us that will allow us to keep pace with the developing needs of the business.”
The benefits to Britain’s seafaring community of offshore employment companies were recognised by then-deputy Prime Minister John Prescott, himself a former seaman, as far back as 2001 and confirmed by HM Revenue & Customs (HMRC).
“As a result, we operate in a highly regulated and technically challenging environment providing essential employment services to people who are constantly moving across the planet,” Carrington added.
“We’re a company for whom regulation is beneficial as it ensures we not only comply with all HMRC requirements but those of the other jurisdictions in which we operate, a good selling point for quality clients.
"We also welcome the new ‘economic substance’ regulations introduced by the States because to our clients and potential clients it offers further comfort that Guernsey is a well-regulated jurisdiction, unlike some of our competitors elsewhere, we are fully tax resident here and carrying on what are classed as relevant activities under the substance legislation.”