Oil industry chemicals group Aubin saw 2013 turnover rise more than 35% after picking up a multi-million investment from the Business Growth Fund.
The Aberdeenshire-based firm, which launched a partnership with pipe specialists Flexlife last year, saw turnover rise to £6.5million last year, up from the £4.8million total in the previous period.
It comes after the company received a £2.25million investment from the fund, set up to boost small businesses in the UK, as the company looks to strengthen its subsea and integrity divisions, along with continuing the Middle East expansion of its well services operation.
“Since the investment from BGF, we have made many advancements at Aubin Group, allowing us the capabilities to provide made-to-measure solutions to tackle tough operational challenges across the subsea sector,” said Aubin chief executive Paddy Collins.
“We look forward to continuing this progression in materials technology and engineering to deliver tailored solutions in the full life of field of subsea projects.”
The firm said it was looking to work with a major North Sea operator this year after trialing a new subsea lifting system.
Recommended for you
