Strong Industry Commitment to Monaco Yacht Show 2017

IOMShipRegistryStrong Industry Commitment to Monaco Yacht Show 2017

The Isle of Man Ship and Yacht Registries will be showcasing the excellent service and standards of the Isle of Man with a strong industry delegation at this year’s Monaco Yacht Show.


Dick Welsh, Director of the Isle of Man Ship Registry, commented:


‘The Ship Registry has an acclaimed combination of high regulatory standards with a focus on delivering excellent customer service. The annual Monaco Yacht Show is the premier event for showcasing our excellence and diversity of support to a global audience and I am delighted to have such strong industry commitment this year.’


The 2017 stand partners include local companies, Abacus, Affinity, Baker Tilly, Boston, Cavendish Trust, KPMG, Manx Telecom, MHG, Ocean Web, Riela Yachts and Zedra. The Isle of Man Ship Registry will also be accompanied by the Isle of Man Superyacht Forum. The public/private partnership working at the event is a demonstrable strength of the Isle of Man as a maritime centre of excellence.


The Isle of Man Stand is located in Darse Sud QS35 over the four day show. This year the Stand will have dedicated internet service provided by Manx Telecom which should prove a popular attraction in addition to showcasing the Island’s outstanding capabilities in technology.


Fergal McKenna, Director of Sales at Manx Telecom, commented:


‘The Isle of Man is a proven location for innovation. Manx Telecom provides a range of solutions which allow people and machines to communicate effectively regardless of location globally.   We’re looking forward to attending this event, showcasing our solutions, networking with customers and partners and supporting the Isle of Man Government’s Department of Economic Development.’


The Monaco Yacht Show has been running for 27 years, welcoming hundreds of leading companies from the yachting industry around the world and over 30,000 private owners, future buyers of yachts and high-level professionals active in the yachting market.


Follow the Isle of Man Ship Registry on Twitter for the latest information


Provisional A level examination results, 2017

Provisional A level examination results, 2017

Key features of the provisional 2017 A level results


The 2017 A level results in the Department of Education and Children (DEC’s) five secondary schools reflect a record standard of achievement for entrants.


There has been a rise in the number of pupils gaining the exceptional A* grade, plus a considerable increase in the percentage of pupils gaining the higher grades of A*-B when compared with all previous years. The overall pass rate (A*-E) of 97.6% is broadly in line with recent years.


As only a small minority of pupils took AS levels, these are not included in the Department’s overall analysis this year.


In the DEC’s five secondary schools, 376 Year 13 pupils were entered for more than 1,100 A levels in nearly 50 subjects.


Some of the key details from the results analysed today are as follows:


The percentage of passes at the higher grades of A*-B was 46.1%, an increase of 4% on last year and the highest since the current grading method was established.
7.8% of Island pupils achieved the A* grade, slightly up from 7.3% last year and the highest since the A* was introduced in 2010.
The Island’s overall A level pass rate (A*-E) was nearly 98%. This was broadly line with 2016 and all other years.
Thanks to sixth form collaboration across secondary schools, the breadth of subjects available has increased in recent years and a range of new subjects have been taken, examples of which are psychology and computer science. One notable new subject is agriculture, which is taught practically through farms. Agriculture saw a large percentage of pupils achieving the highest grades of A* and A in this year’s results.
Using the Universities and Colleges Admissions Service (UCAS) tariff system (140 points for grade A*, 120 points for A, 100 for B, 80 for C, 60 for D, 40 for E) the average points score attained per subject entry, at 86, is higher than all previous years since 2010.
Across the Island, individual pupils have achieved outstanding results, with several pupils recording up to four grade A* and A passes.


Joel Smith, School Improvement Adviser with the DEC, said: ‘We have spoken with all five secondary headteachers today and their feedback has been encouraging. The vast majority of pupils have done very well and been able to pursue their chosen pathway or destination.


‘Pupils across the Island have secured positive results, given their respective starting points, and whether their next step is in employment or higher education, they have an ideal platform to continue their learning.’


Headteachers have remarked on the high attainment and excellent achievement of particular pupils.


One pupil attained four A* grades across four subjects and, following a gap year, will be off to study medicine at Queens University, Belfast. Another pupil, who achieved three A* and one A grade, has taken up an offer to study computer science at Oxford University.


Several pupils have managed to achieve great things through adversity. One pupil, who has been an inspiration to his peers, has attained two grade As and one grade B despite contracting and then battling with the after effects of a severe illness for the past three years. Outside of his studies, he has fronted a national campaign to raise funds for the Alder Hey Children’s Hospital, following his treatment there in 2014.


Another pupil achieved three A grades despite considerable personal illness in the family. He has accepted an offer to study business and economics at the University of East Anglia.


The head boy and girl at one school have also performed exceptionally well. One achieved three A* and one A grade and is off to study law in London. The other also achieved excellent results and is staying on the Island to complete an art qualification at University College Isle of Man.


Graham Cregeen MHK, Minister for Education and Children, said: ‘I congratulate all young people receiving their A level results today. The outcomes today are enormously important for the Isle of Man. They are the culmination of a great deal of hard work and dedication on the part of pupils and staff, as well as considerable support from parents.


‘We are proud of all our teaching and support staff for playing such an enabling role in the lives of so many young people over the course of their studies. I’d like to thank staff for their hard work and for coming into schools to assist and support students today.


‘Whatever future plans our young people pursue, whether that be taking up university or college places or entering employment, I wish them every success in their continuing lifelong learning.


‘I would also like to remind those heading off to university that the Isle of Man has excellent employment opportunities on offer to them when they have completed their studies.’




It should be noted that these results for the Isle of Man are provisional and not directly comparable with the results published in the UK. The initial UK results relate to all entrants and include mature pupils and pupils in colleges and independent schools, whereas the Isle of Man data relate solely to 18 year olds in the DEC’s five secondary schools.


Consultation on proposed Central Registry Bill">Consultation on proposed Central Registry Bill

Consultation on proposed Central Registry Bill

The Department of Economic Development has launched a consultation on a draft Bill giving statutory effect to the formation of the Central Registry.


John Wilkinson, Director of the Central Registry, commented:


‘The proposed Bill will formalise the new Central Registry structure which has been in place since 2015. The new structure has seen improved efficiency of services and improved customer delivery through a number of centralised functions’


‘The consultation seeks to raise awareness of the draft Bill and seeks comments regarding the structure and the required legislative amendments.’


Following a report by the General Registry and its subsequent approval by the Government Reform Group the General Registry was restructured on 1st April 2015 as part of Government’s ongoing programme to improve the efficiency and effectiveness of services provided to the public.


The changes included the transfer of the Land, Deeds and Probate, and Civil Registries, Charities Register and the Public Record Office to the Department of Economic Development (DED), where they were merged with the Companies Registry to form the new Central Registry


The Central Registry is currently performing the transferred functions via delegated authority from the Chief Registrar as a full transfer requires changes to primary legislation. The Central Registry Bill is intended to give effect to said transfer of functions to DED.


The closing date for the receipt of responses is 15 September 2017. A summary of the responses will be published after the consultation has closed.


View the full consultation online at:

Research shows significant increase in visitors and economic contribution from TT Races in 2017

Research shows significant increase in visitors and economic contribution from TT Races in 2017

The Department of Economic Development’s annual visitor survey for the TT Races has revealed a significant increase in visitors and economic contribution from the event.


This year’s event saw a 6.2% increase in visitors to over 45,000, with an estimated spend of £34.1 million, resulting in a contribution of £24.6 million to the local economy, growth of 8.9% and 9.3% respectively.


The majority of this growth was reported to have come from a younger audience with an increase of over 40% in the under 18 audience and 36% in visitors between the age of 18 and 29.


Laurence Skelly MHK, Minister for the Department of Economic Development, commented:


‘This research is a strong indicator of the TT’s continuing appeal and potential to reach new audiences from around the world. The Department is committed to maintaining the growth of the TT with the continued support of fellow Government Departments, volunteers and our fans at home. This collaboration is important not only to increase the economic contribution that the event delivers but also to ensure the safe delivery and continued success of the TT.’


The key findings of the 2017 study were:


·         45,054 visitors came for the TT in 2017 – a 6.2% increase on 2016.

·         On average, visitors stayed 6.5 nights on the Island and spent £757 on the trip. Total expenditure of TT visitors in 2017 is an estimated £34.1 million. This represents a contribution to Manx National Income of £24.6 million and an Exchequer Benefit of £4.4 million.

·         The event attracted both new visitors as well as regular fans: 23% had not visited previously for the TT, while almost 24% also visited for other motorsport events such as the Festival of Motorcycling and the Southern 100.

·         The number of visitors to the Island for TT peaked on Sunday 4th June reaching 26,600.

·         Over 40 nationalities were picked up in the survey with the number of non-UK visitors increasing by 14.5% to an estimated 6,308. The bulk (85.9%) were from the UK and Ireland with 14.1% were from outside the UK.


Rob Callister MHK, Political Member at the Department with responsibility for Tourism, said:


‘It is pleasing to see the impact that the Department’s marketing campaigns are having on the visitor numbers, particularly on the age demographic as well as growth in international visitors which are both vital to the event’s long term viability. The Department’s team remains committed to supporting controlled growth in visitors but also significant increases in commercial revenue and the media profile worldwide for both the TT Races and Festival of Motorcycling.’


The full TT Visitor Survey 2017 is available here:

Young volunteers encourage others to respect environment through summer project

Kai Moughtin

Kai Moughtin

Young people have spent a second summer carrying out work at the Sea Terminal and surrounding area.


Volunteers aged 11 to 17 gave up 15 hours each to clean up the passenger walkway and continue work started last year on improving the wall that separates the car park from the sea.


The fortnight-long project was led by Café Laare in Lord Street, which is run by the Department of Education and Children’s Youth Service.


Emma Macaulay, Area Youth Worker, said: ‘Young people congregate at the Sea Terminal and, while the majority are well-behaved, there are instances of anti-social behaviour, such as littering and bad language.


‘Café Laare is firmly part of the community and its members want to actively contribute to it.


‘Our 10 volunteers worked hard each afternoon carrying out cleaning and decorating tasks before returning to the café for a debrief.


‘They worked in the public eye, developed skills such as teamwork and have a sense of ownership of the areas they have worked on.


‘It’s hoped these young people inspire their peers to respect their environment and refrain from causing problems.


‘In completing the project, the young people have also gained valuable workplace skills.’


The project ran in conjunction with the Department of Infrastructure, which manages the Sea Terminal and surrounds.


As a reward for their work, the young people will enjoy a trip to Blackpool Pleasure Beach, with the Isle of Man Steam Packet Company covering the cost of travel to and from England and coach transfers between Liverpool and Blackpool. 


Steam Packet Company Chief Executive Mark Woodward added: ‘This project is an opportunity for young people to learn new skills, meet new people and get actively involved in the community, while helping to improve the look of the Sea Terminal. I hope they have enjoyed their time on the project and have fun on their trip to Blackpool.’

Pinnacle Book-Keeping will be at The Royal Show

royal showWe will be attending the Royal Show Friday 11th and Saturday 12th August 9:00am until 5:00pm

Come along and see us demonstrating the benefits of cloud accounting.  You can be entered into our competition to win a Steam Packet car and passenger voucher plus other prizes!
A great family day out for all at the Royal Show!
The Royal Manx Agricultural Show is a great Manx institution it’s an opportunity to see the best in Manx farming, meet friends, catch up with the latest equipment or simply enjoy a fantastic family day out.

The Show is open 9am until 5pm

Tickets are £6 for entry on Friday, £8 for Saturday and children (4 – 14) are £1 on either day.

Show rings for live stock & competition classes

  • Displays & craft displays
  • Vintage vehicles & agricultural machinery
  • Trade stands & Manx food at its finest in the Manx Food Court
  • A great day out for all the family

#iom #iomevents  #accountants #businessIOM

The Royal Show

Guy Martin calls time on Roadracing

guy martinGuy Martin calls time on Roadracing

10 Year Anniversary for Isle of Man Aircraft Registry

10 aircraft10 Year Anniversary for Isle of Man Aircraft Registry

This year the Isle of Man Aircraft Registry is celebrating 10 years of service, with over 952 aircraft registered to date.


Launched in 2007, the Isle of Man Aircraft Registry has grown substantially over the past 10 years, developing enhanced online services and driving excellence in standards of safety and customer support.


The anniversary year started in fine style with the Registry being awarded Best Global Aviation Registry for 2017 by World Commerce Review.  In June the Isle of Man Aviation Conference took place, proving to be a great success and, for the first time in its history, was over-subscribed.


Registry staff are focused on maintaining momentum and this is demonstrated by continued improvements to customer service, a complete rebrand process and development of a brand new website due to be on line by late summer.


Martyn Perkins MHK, Member with responsibility for the Aircraft Registry, commented:


‘The Isle of Man Aircraft Registry is truly a first-class registry, being the sixth largest international private business aviation registry in the world and home to hundreds of corporate aircraft. The Island’s economy is boosted by the efforts of the Aircraft Registry, with private sector companies working closely with us to provide extra services and support for the registered aircraft.’


Simon Williams, Director of the Isle of Man Aircraft Registry (IOMAR), commented:


‘The growth over the last 10 years is testament to the hard work of the team at the Registry and the strong Isle of Man business model that we have developed and advanced. The IOMAR is synonymous with high regulatory standards. We have grown a quality Register renowned for its speed of service, dedicated support and international compliance. I am delighted to be here to celebrate the 10 year anniversary of the Registry and look forward to the next 10!’

Over the past 3 years, the IOMAR has:


Successfully introduced and continued to develop a new IT support system for clients.
Completed the transformation to entirely digital operations with all documentation now being generated and distributed electronically, which greatly enhances efficiency and service to our clients.
Significantly updated the Island’s aviation legislation to incorporate the latest international requirements and put in place an ambitious future legislative plan.
Further developments to IOMAR are planned into 2017 and beyond including:


Additional online services for clients.
The Cape Town Convention will become operational on the Isle of Man on 1st January 2018.
Continued pro-active support for M-registered, European-based clients striving for compliance with the evolving European aviation regulatory suite.

Student 2017 STEP Programme is biggest yet in the Isle of Man

step logoStudent 2017 STEP Programme is biggest yet in the Isle of Man

This year’s STEP Programme – which offers undergraduates a paid summer project placement in a business, government department or the third sector – is the biggest in its 19-year history in the Island.


Over 45 students have recently started, or are about to start, a usually eight-week project set by their host employer. The Programme, which is run by the Department of Economic Development and sponsored by Standard Bank, places undergraduates in work-based projects over their summer holiday. Students apply to the programme and their skills and interests are matched to individual projects, which are set by organisations. They are interviewed by their prospective host before beginning their placement.


At the end of the project, students present an account of their experience and an overview of their project to a panel of judges. Various prizes are awarded including Most Enterprising Student and Best Presentation.


Ian Moncrief-Scott, co-ordinator of the STEP Programme on the Isle of Man, said:


‘This is the largest and broadest STEP Programme here ever and I would like to thank all of the organisations for not only joining the Programme but also for identifying interesting and worthwhile projects for the students. This year we have a record number of matched projects, including planning an aircraft maintenance schedule, introducing online gaming software, updating the Island’s Tree Register and working in the pharmaceutical and engineering industries. There really is something for everyone.


‘We also have an exceptionally high calibre and varied mix of students this year, which became clear when we were assigning them to projects. STEP has been running for a long time on the Island but it continues to strengthen with every year.’


Chris Till, Chief Executive Officer of Standard Bank Isle of Man, commented:


‘Standard Bank is proud to sponsor the STEP Programme, as well as offer our own projects to students, and it is heartening to see that this year is the biggest yet. It is imperative that the Island attracts its brightest and best back to the Island and STEP is a great way to highlight the many opportunities that our economy offers, from international banking and IT to engineering and the public sector.’


For further enquiries regarding the Programme, host organisation and student applications for the 2018 STEP Programme, please contact Ian Moncrief-Scott on 664883 or email

Department of Economic Development concludes strategic review and announces new structure and focus

Department of Economic Development concludes strategic review and announces new structure and focus

– Launch of ‘Department for Enterprise’

– New ‘Finance’, ‘Digital’, ‘Business’ and ‘Tourism’ Development Agencies

– New ‘Strategy & Policy’ Function

– Companies, Central, Ship and Aircraft registries to remain within new Department

– Responsibility for some functions transferred to other Government Departments


During the first part of 2017 the Department of Economic Development commissioned a high level strategic review of the Department to establish how it could effectively support the Government’s ambition for economic growth, which it has now concluded.


The review included a significant level of external and internal input as well as research carried out by PWC into nine similar economic jurisdictions. The report makes six specific recommendations:


1.    The Department should remain in place as an essential enabler of our economic ambitions – there are many great foundations in place and committed staff in support of economic development.

2.    A new Economic Strategy & Policy function should be developed to focus on understanding, planning and ‘creating the environment to enable our economy to flourish’.

3.    Four new Business Development Agencies should be developed – ‘Finance’, ‘Digital’, ‘Business’ and ‘Visit’. They will work with specific industries, entrepreneurs and innovators in understanding and creating the right climate and conditions for success and growth, thereby ensuring that  ‘the Isle of Man is the place where you can’.

4.    The four principal Registries for Companies, Central, Ship and Aircraft should remain as the third critical pillar of the Department.

5.    To enable the Department to have a clear focus, a number of existing functions will move to other Departments in Government where additional public value can be created. They are:

a.    Management of the Villa Marina and Gaiety Theatre will be transferred to the Department of Education and Children

b.    ‘Training Services’ will be consolidated with adult education in the Department of Education and Children 

c.    Treasury’s Social Security division will take on ‘Employment services’

d.    Energy policy will switch to the Department of Environment, Food and Agriculture

e.    Mining and Minerals operations will be transferred to the Department of Infrastructure.

6.    In recognition of this refocus, the Department will be renamed the ‘Department for Enterprise’ signalling a clear emphasis on supporting enterprise in line with the ‘Programme for Government’s’ national ambition to be ‘An Island of Enterprise and Opportunity’


Laurence Skelly MHK, Minister for Economic Development, commented:


‘The clear objective that has emerged from the review is that we have to increase the Department’s ability to enable and support economic growth – this is through a stronger emphasis on strategy and policy, through harnessing the vast expertise we have across our diverse economy in an agency model structure and through refocusing the Department around the core functions that enable economic prosperity.


‘I firmly believe the core recommendations outlined in this report will allow us to drive forward our commitment to build a more focused and integrated department that is demonstrably delivering on our ambition to be “an Island of Enterprise and Opportunity” where our people and industry work together to ensure our Island remains a special place to live and work.’


The restructure will reduce the Department’s size by around a quarter, moving it towards a net neutral financial position. The new structure will see some staff moving from the Department and a number of job functions changing.


The restructure will now be further developed over the summer with a planned, phased roll-out of the new structure starting from October 2017.


For a copy of the Department of Economic Development review go to