BURGESS Marine is billed as the country’s largest independent ship repair firm.
It has workshops and offices in Portsmouth, Portchester and Gosport, as well as in Dover, Southampton, Poole, and Avonmouth.
The company proposes to use the vacant shipbuilding facilities in Portsmouth to construct and fit luxury yachts. It estimates it could create around 200 jobs in the region.
Burgess Marine currently employs more than 100 people and offers emergency response to shipping firms 365 days a year carrying out ship refits and emergency ship repair worldwide.