Dryad Maritime, a maritime operations company with a high-grade intelligence capability, has enlisted the support of Smith & Williamson, the accountancy and investment management group, to assist with comprehensive tax and accounting services. Dryad Maritime is navigating through a period of rapid growth and is expanding their operations into Asia Pacific and the Americas.
The company, which has a sophisticated 24-hour manned operations centre on the South Coast, is formed of experienced maritime operations and intelligence specialists and professionals from a variety of commercial disciplines.
With more than 500 combined years of sea service, the company helps ship owners, operators and managers to run their complex, global operations in a safe and efficient manner, integrating risk mitigation management with voyage optimisation, all under one roof.
Rebecca Combes, a partner and head of corporate tax at Smith & Williamson South Coast office, specialises in working with innovative companies such as Dryad Maritime, including ascertaining what research and development (R&D) tax relief/credits the business is eligible for.
She said: "Dryad Maritime's team is supported by bespoke intelligence, meteorological, and geospatial maritime operations software, with best practice underpinned by significant R&D. With Dryad Maritime expanding into Asia Pacific and the Americas, there is an international dimension to tax matters with further compliance issues to navigate."
Ann-Marie Houghton, Finance Director at Dryad Maritime added: "Dryad Maritime has seen its operations grow from a niche start-up to an award-winning organization in a short space of time. We have appointed Smith & Williamson to assist us in our financial management during this exciting phase of the company's life cycle."
Dryad Maritime is one of a number of companies enlisted to support the maritime industry in safeguarding international trade from piracy, crime, terrorism, illegal immigration and other threats. The worldwide revenue of the maritime market is reportedly expected to reach nearly $21 billion in 2019, from just under $14 billion in 2014.*
*Global Market Maritime Security Market Research Report http://www.micromarketmonitor.com/market-report/maritime-security-reports-4395008579.html
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