What will your Membership Subscription Cost?
Subscriptions are calculated as a percentage of your company's
annual leisure marine turnover with a minimum subscription of
£200 with or without non exhibitor discount.
A 20% discount is applied where members have not exhibited at
either London International Boat Show or
PSP Southampton Boat Show in the last 12 months,
subject to paying the minimum for the band.
Membership Subscription Rates for 2010/2011
Full Membership
| Band |
Turnover |
Multiplier |
Min
Subs for band as a Boat Show Exhibitor |
Min
Subs for band with non-exhibitor Discount |
| A |
up to £99,999 |
0.00325 |
£200 |
£200 |
| B |
£100K - £199,999 |
0.0031 |
£325 |
£260 |
| C |
£200K - £399,000 |
0.0027 |
£620 |
£496 |
| D |
£400K - £599,999 |
0.00215 |
£1,080 |
£864
|
| E |
£600K - £999,999 |
0.001725 |
£1,290 |
£1,032 |
| F |
£1M - £1,999,999 |
0.0011 |
£1,725 |
£1,380 |
| G |
£2M - £3,999,999 |
0.00085 |
£2,200 |
£1,760 |
| H |
£4M - £5,999,999 |
0.000675 |
£3,400 |
£2,720 |
| I |
£6M - £9,999,999 |
0.00045 |
£4,050 |
£3,240 |
| J |
£10M - £14,999,999 |
0.00035 |
£4,500 |
£3,600 |
| K |
£15M - £24,999,999 |
0.00022 |
£5,250 |
£4,200 |
| L |
£25M - £39,999,999 |
0.00015 |
£5,500 |
£4,400 |
| M |
£40M + |
0.00011 |
£6,000 |
£4,800 |
Associate members will pay an annual fee of £200
|
Example 1:
Boat show exhibitor with turnover of £220,000
|
- Boat Show Exhibitor with Turnover of £220,000
- Multiply turnover by relevant band multiplier: (Band C)
£220,000 x 0.0027 = £594
- If the amount calculated is less than minimum subscription for
Boat Show Exhibitor in band C = £620 then this amount becomes
payable.
|
|
Example 2:
Non exhibitor with turnover of £150,000
|
- Multiply turnover by relevant band multiplier: (Band B)
£150,000 x 0.0031 = £465
- As a non boat show Exhibitor a 20% discount is applied:
£465 x 0.8 = £372
- As the amount calculated is more than minimum subscription for
band B with Non Exhibitor discount (£260) this amount becomes
payable = £372
|
2010 BMF Payment Subscription Deadlines
Existing Members
* 30
June To
take advantage of your prompt payment discount of 2.5%
For
Direct Debit (DD) payments please return your
instruction
* 31
July To
prevent suspension of membership (unless paying by DD)
* 30 August To prevent
cancellation of membership (unless paying by DD)
To
prevent loss of 2010 PSP Southampton Boat Show discount
New Members
Qualify for boat show discounts if prorata or annual invoices
are paid in full before the published deadlines.
Subscription Surcharge
A 12.5% subscription surcharge pertaining to the 2009/10
membership period will be charged during 2010/11 where any boat
show discounts have exceeded your membership subscription by more
than eight times.