Aberdeen oil service firm flexlife has moved to new premises in the city to support its rapid expansion.
The company has more than doubled worldwide staff numbers from 25 to 60 in the past year and this figure is expected to hit 120 by the end of 2011.
Flexlife, a specialist in subsea project and integrity management, has also reported a big jump in turnover to £7.5million in the 2010-11 financial year compared with £4.8million in the previous 12 months.
With demand expected to continue to rise for its services, flexlife is forecasting a big increase in work for 2011-12 with turnover of around £17.8million.
The firm was previously based at Bucksburn and is now in a new 8,000 square-foot headquarters in the Aberdeen Science and Energy Park.
Chief executive Stuart Mitchell said: “Flexlife has continued to build on its reputation for offering a full subsea integrity and project-management package, assisting clients to cost-effectively manage all of their subsea assets and infrastructure.
“Looking ahead, we plan to expand our focus on this area of work and also continue to develop more smart technology for the subsea sector.
“Over the past year, we have brought . . . new asset- integrity management products to market which offer unprecedented benefits to operators, helping to improve safety, maximise recovery and avoid unplanned shut-downs. Taking on extra staff has meant we have strengthened our research and development team and we plan to invest £1million in this area in the coming year.
“The integrity department has also increased in capacity with four new members of staff joining the team in the past month and we are currently recruiting for a dedicated front-end engineering and design team.”
Outside Aberdeen, flexlife opened a base in Brazil recently and markets in which it is active include the North Sea, South America, the Mediterranean, Middle East and Asia-Pacific.
The company’s client list features many large oil firms such as Total, Shell and Apache.
Flexlife was founded in 2007. Maven Capital Partners and Simmons Parallel Energy invested £5.5million in the business recently to help complete the commercialisation of new products and underpin future research and development.
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