Economy Minister visits local business

The luxury yacht market is flourishing in Mid Wales, with local business Custom Marine Developments (CMD) showcasing their bespoke products to Economy Minister Jeremy Miles during a recent visit.

Located at Abermule Business Park near Newtown, CMD, a part of the Makefast Group, specializes in designing and manufacturing custom engineering solutions for high-end clients in the luxury marine industry.

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CMD's impressive range of products includes custom door and window systems, sun awnings, sliding roofs, and automated anchor launchers for superyachts, their tenders, and dayboats.

The company collaborates with leading superyacht builders, design houses, and management services to provide innovative solutions for both new build and retrofit projects.

Since its inception in 2020 with just five staff members, CMD has experienced significant growth, now employing 17 individuals with plans to expand further by hiring additional apprentices and specialized staff as the business continues to thrive.

Managing director Jack Miller discussed with Mr Miles the company's impressive 30% annual growth rate and its goal to maintain this momentum in the coming year.

Chris Brown, chief executive of Makefast Group, emphasized the synergy and collaboration between CMD and the broader Group, stating, “CMD has built a reputation for its ability to provide bespoke products needed by boat builders. It’s a specialist company operating in a niche market that has developed out of Makefast.”

The Cabinet Secretary for Energy, Economy and Welsh Language, Jeremy Miles said:

“I was delighted to visit CMD – part of the Makefast Group - at their unit in Abermule to see first-hand the company’s operations. It is a niche business which is growing and thriving here in Mid Wales and I wish it continued success.

“Building a more dynamic and productive Welsh economy is one of my top priorities and SMEs like Makefast and CMD have a critical role to play in making that a reality.“