Rovop turns over almost £20m

ROVOP news
ROVOP looks to increase offshore workforce by 10%

Remotely-operated vehicle (ROV) company Rovop, of Westhill, Aberdeenshire, is celebrating bumper sales.

Bosses are toasting nearly £20 million in turnover for the 12 months to September 30 2017, which is a £5.5m increase on the previous year.

Chief executive Steven Gray said big contracts wins with Vattenfall’s Aberdeen Bay windfarm and Spirit Energy had made the difference, adding: “We do one thing and we do it really well”.

Rovop, an operator of underwater remotely operated vehicles (ROVs), also announced a narrowing of pre-tax losses to £2.6m, from £6m previously.

Mr Gray said: “Considering how the market is at the minute, we’re very happy with that. It’s been a good year for us, no complaints at all.

“It’s a competitive market and I think the difference is that we’re able to offer something different from what others have got.

“We are a very focused business, we do one thing and we do it really well.”

He added: “The industry has had to become more efficient and focus on reliability and quality to reduce wasted spend – this plays to our strengths.

“The ROVs we’ve got in our fleet are quite different from what others are able to offer, that’s down to the diagnostics systems that’re in them.

“Like a modern car, they very rarely break down but rather flag up a problem.

“Heavy investment was made in the kit and it’s really paying off now as customers get the benefit of very high reliability.”

Rovop also saw its team grow from around 160 to 180 people last year.

Breaking