First Marine Solutions investment yields positive start to financial year

Following on from the appointment of a new management team in May, the Aberdeen-based mooring services company has seen month-on-month sales growth, with Q1 securing an increase of 75% when compared with Q1 2017.

Established over a decade ago to provide mooring equipment for global drilling operations, FMS’ most recent results reflect the company’s commitment to a robust growth strategy which has seen an investment of £1 million over the past financial quarter.

Dave McGinlay, FMS Business Development Director said: “This excellent start to the financial year is clear justification of the investment FMS has made in both mooring equipment and our quayside facility at Montrose Port Authority. In addition to this capital investment, the company has seen an increase in head count of 60% increase over the past four months, with plans to grow this further over the next 12 months. 

“Our investment in both capacity and expertise is designed to ensure we are well placed to meet the requirements of an increasingly active North Sea, as we continue to realise our planned commercial strategy.”

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/28082018/first-marine-solutions-investment-yields-positive-start-to-financial-year/