Catering firm Entier aims to secure a larger slice of international markets after a £6.5million investment by the Business Growth Fund (BGF).
Peter Bruce, the Aberdeenshire company’s founder and chief executive, said yesterday his ambition of turning Entier into a £100million business could be surpassed following the cash boost.
Westhill-based Entier plans to expand its overseas operations, building on its existing work at 38 remote locations in 23 countries.
The firm already has a presence in Australia, Canada, Singapore, Trinidad & Tobago and the US, and last year picked up a Queen’s Award for Enterprise for international trade.
Latest figures show revenue grew by 13% to £44.9million in the year to the end of September 2016, with pre-tax profits rising 72% to £1.5million.
With a workforce of 760, the company provides meals, cleaning, laundry, recreational and welfare services for more than 4,500 people on oil and gas rigs and other remote installations around the world every day.
Onshore, Entier has developed the Fresh chain of cafes in Aberdeen and provides catering and hospitality services to 20 offices across the city. It recently acquired Perthshire catering company Wilde Thyme, which runs the restaurants at Glamis Castle and Glenturret Distillery.
Mr Bruce said: “I’ve said in the past that I want to grow Entier into a £100million company. With the backing of BGF, I believe we could do better than that.”