In 2015, Channel 4 aired a one-off hour-long documentary delving into the exclusive world of ultra-rich superyacht owners. Entitled 'Million Pound Mega Yachts', the documentary was produced and directed by Martin Hicks of Double Decker Driving School and Prom Queen Divas fame. It highlighted what went on behind the scenes at the 2015 Monaco Yacht Show.

With 120 floating palaces on display at the Monaco Yacht Show, the documentary obtained exclusive footage inside some of the most ostentatious vessels on the planet. Viewers got a glimpse into the lives of the filthy rich owners who came to the show to buy and sell superyachts - as though they were trading sweets in the playground.

If you had any pre-conceptions of what life as a jet-set yacht owner was like, these would be well and truly confirmed in the documentary. Shahid Kahn, owner of 95m superyacht Kismet, complete with more than 100 TVs - who also happens to own Fulham FC - explained that anyone who needs to ask the price of a yacht at the show probably can't afford it.

'Million Pound Mega Yachts' was created to understand why multi-millionaire owners of palatial yachts are constantly trying to compete and outdo each other. One yacht owner, who described himself as a 'Scots git from Glasgow', was asked why he owned such a flamboyant vessel loaded with James Bond accessories. His answer was plain and simple - because he can.

The documentary also featured those who make, design and work on the superyachts, including designer Andrew Winch, who was charged with creating iconic vessels, Slipstream and Al-Mirqab. Viewers also got to meet a London businessman who was about to sail off around the world, a billionaire yacht owner installing a crystal chandelier in his vessel and a seasoned yacht broker attempting to sell his 85m long yacht, Solandge, for a mere £130 million. The owner divulged that to keep this toy afloat, it comes with running costs totalling £10 million a year.

One yacht owner, who has a permanent crew of 13, let it slip that his 55m long yacht costs approximately £1 million annually to run. He mused that it costs £2,000 alone to simply start the vessel's engines.

Yacht broker, Robert, also featured at the show. He explained that he can make up to 5% commission on selling a boat worth over £100 million. When asked what kind of person would buy a monster yacht, he casually remarked that they weren't the kind of clientele who would shop at Lidl, or even Waitrose!

The documentary provided a fascinating insight into the world's 1% super rich, who can afford to own these mansions on water - many of which can reach over 200m in length and boast a horsepower greater than 10 Formula One cars.

To ensure the mega yachts retain their powerful status, they come complete with state-of-the-art engineering and hydraulic systems. Many of the yachts around the world are supplied using reliable and robust hydraulic products supplied by respected supplier, Phoenix Hydraulics. If you require hydraulic solutions, you know who to call!