Scottish contracting and service firm Global Energy Group is poised for another year of strong growth after seeing annual turnover climb to about £130million, chairman Roy MacGregor said yesterday.
Mr MacGregor also said about 200 jobs were on the way at the group, which already employs about 2,600 people across its various operating subsidiaries.
Global – formerly Global Resources – supplies services to the international oil and gas, renewable-energy and petrochemical industries.
Since its foundation in 2005, its annual turnover has soared to more than £100million from £28million.
It now has 10 subsidiary companies: Global Resources, Global Energy Services, Global Highland, Global SCS (Supply Chain Solutions), Reel Group, Isleburn, Maris Subsea, Global Pipeline Solutions, Global Project Services and Global Construction.
In addition to UK offices in Aberdeen, Inverness, Evanton and Invergordon, Global operates from international locations including Dubai, Egypt, America and Trinidad.
About 30% of the group’s turnover is derived from overseas and this is set to grow rapidly as Global ramps up its expansion.
Mr MacGregor, speaking as the group launched a new corporate image, said the £130million turnover for the year to March 2009 was likely to be eclipsed after a 25% rise in 2009-10.
The growth is expected to lead to 200 jobs being created worldwide over the next 12 months and Global is also poised to add to its portfolio of businesses with further acquisitions.
Mr MacGregor, who is also the chairman of Ross County Football Club, said two acquisition targets – both UK companies – were being looked at.
It is hoped the deals can be completed during the first quarter of Global’s 2009-10 trading year, adding further employees to a workforce which has already mushroomed by about 400 in less than a year. Last April, Global announced it had acquired Aberdeen-based Reel Group in a multimillion-pound deal expected to lead to about 170 additional jobs within a few years.
Global took an 80% stake in Reel, which also has operations in Houston, Texas, and Port of Spain, Trinidad.
Launching the new corporate branding yesterday, Global said the imagery would feature on all of its buildings, vehicles, and clothing as well as printed and web-based material.
Mr MacGregor said: “Within the Global family we have strong companies with recognised branding.
“Our aim is to support these individual identities, while simultaneously linking them to the complementary strengths of the Global Energy Group brand.
“This new branding will help us stand out in the market place and the message behind it is that we stand together.”
Global also said its Isleburn subsidiary was looking for extra staff after having secured five significant new fabrication and engineering orders in addition to projects already in hand at its facilities at Evanton, Invergordon, Deephaven and Nigg.