Helicopter operator Bristow said yesterday it had enjoyed a successful year after reporting a rise in turnover.
Bristow Helicopters, which flies offshore workers to North Sea installations, recorded a 14% increase in turnover to £249.6million in the year to March 31 according to documents just published by Companies House.
Bristow said it had been able to invest in the business during that period and had added to its fleet of helicopters.
The company reported operating losses of £5.3million, however, compared with profits of £2.7million in the previous year, which it put down to rising lease, maintenance and fuel costs.
Pre-tax profits dipped to £9million from £12.2million previously.
Commenting on the current financial year, Bristow said it was looking forward to operating the interim search and rescue contract for the Department for Transport and the Maritime and Coastguard Agency, adding it was one of the final two bidders for the full agreement.
The firm also said it was in the process of assessing the financial impact of the grounding of Super Puma EC225s, dozens of which have not flown after two ditchings in the North Sea last year.
A Bristow spokeswoman said: “We are working hard to limit any potential impact on both Bristow and our clients and will continue to seek additional aircraft to support our clients in any shortfall of service resulting from the grounding.”
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