North-east energy service firm SeaEnergy said yesterday it made pre-tax losses of £2.4million in 2012.
It was the firm’s first full year’s trading since selling off its stake in SeaEnergy Renewables.
The Westhill company, which made profits of £25.3million in 2011 following the sale, said it had reinvested in growing its remaining business and acquiring new ventures.
In 2012, the firm bought Aberdeen-based Return to Scene, which analyses offshore installations and crime scenes, in an estimated £10million-plus deal, and launched an offshore service consultancy.
SeaEnergy had turn-over of £900,000 last year, which arose in the final four months after the acquisition of R2S and start of consulting activities. The group, which also returned £6.9million to shareholders, said it was planning to break even in 2013 before making a trading profit next year. It holds a 21.48% stake in Lansdowne Oil and Gas, which was worth £13.9million at the year-end.