Oilfield services company RMEC achieved its highest turnover in the last year after increasing its rental fleet and doubling its staff.
The company achieved a turnover figure of £9.5million for 2014 up 5% from the year previously.
It comes after RMEC received a £7.5million investment in April last year from Maven Capital Partners and over the last 12 months the company has invested more than £1million in its pressure control fleet.
Staff numbers have also increased from 14 to 28 since 2014.
Managing director Bryan Fagan said: “Our continued growth reflects the value-led results we are delivering for our clients, stakeholders and employees despite the challenging marketplace in the North Sea sector.
“The oil and gas industry rightly demands the highest quality in terms of its people and services and we have a recognised history of meeting all these requirements. RMEC’s success is testament to the approach of its two founding directors Alan Ramsay and Stuart Mathers, the close-knit culture they have created across the business and the organic strategy which has allowed us to maintain high standards as we grow.
“These results position us well for the next stage in our growth. Our people are pivotal to the success of our business, many of the team have been with RMEC from the start and will play an important role in our continued success going forward.”
RMEC has now begin the first phase of its site expansion plans with the introduction of a one-way system to improve safety at the Cotton of Pitkennedy facility.
The firm has also invested a six-figure sum to improve its operability by implementing a new enterprise resource planning software system.
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