Aberdeen-based oil and gas service firm Aiken Group said yesterday that turnover would hit the £10million mark this financial year.
The fast-growing company, based at Torry, is also planning to add to its UK North Sea workforce.
About 95% of Aiken’s work is from its home market, but the firm intends to expand more overseas in the years ahead in areas such as the Middle East and Far East. Turnover has jumped from £2.7million in the year to May 2005 to £6.6million in the year to last May.
After reaching £10million this financial year, Aiken is forecasting the figure to exceed £12million next year.
Aiken has 50 staff in Aberdeen and 60-70 people working in the UK North Sea: a mix of both staff and contractors.
It is to add a further 50-60 people offshore in the next couple of months: mostly contractors but also some new recruits.
Aiken describes itself as a supplier of integrated, solutions-based engineering.
Managing director Danny Donald said: “Since moving to our new facility just over two years ago, we have made significant changes to our management structure and investment in people, both of which have been crucial factors in fuelling our growth.
“Diversification, and recent support from Scottish Enterprise, have also played a key role in the company’s development.
“Our team is an excellent mix of young, fresh graduates and employees with many years of experience in their field.”
Aiken is more than 20 years old and four directors own the majority of the firm: Mr Donald, operations director Norman Mackay, plus Danny Cowie and Neil Stewart.
It occupies 10,000 square feet of office space and has 30,000sq ft of warehouse/workshop space at Crombie Road, Torry. There is also a yard at Marywell on the outskirts of the city.