The Hydrocarbon accounting firm Accord Energy solutions has exceeded its five year financial target of £5million.
The Aberdeen-based company has already amassed a turnover of £6million after it was founded in 2010.
It is the first employee-owned company from start-up and provides and independent service to the oil and gas industry.
The company was set up by Alan Spence, Phil Stockton and James Arthur and within its first year had turned over £1million.
Alan Spence said: “Meeting this target ahead of schedule is testament to the talent we have within Accord.
“Our employee ownership model is key to how we run our business and everyone at Accord shares in this achievement and the momentum it creates.
“We will continue to grow the business to ensure there is capacity to increase allocation engineering, system delivery and measurement services to our growing list of clients.
“Next year we will build on our progress with our skilled and experienced people central to every project.
“There is no question that we started our business at a time when the mature UKCS was facing a chronic skills shortage.
“I believe our employee ownership model fosters an environment of cooperation and teamwork with employee owners working together to meet common goals.
“This is tremendously attractive for both employees and clients, ensuring sustainability and continuity across our operations.”
In four years, Accord, which works with a range of clients in the UK and Europe has attained more than 90% staff retention.
Accord staff are actively involved in running the business and realise direct business benefits.
The company had already predicted that it would hit its 2015 target a year early after is managed to reach £3.2million by 2015.
Last year its success meant staff received annual bonuses of 12% of their salaries and maximum pay-outs under the firm’s share incentive plan.
Employees were also awarded £3,000 of shares each and were given the option of purchasing up to £1,500 of additional partnership shares.
There are currently more than 40 employees and associate consultants and the ambition of the company is that it will eventually be 100% employee-owned.
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