A young oil and gas services company in Aberdeenshire celebrated a successful start to 2010 having doubled its turnover to £500,000, moved to new premises and increased staff numbers.
Westhill-based Industrial Solutions International Ltd (ISI) has expanded following support received from Aberdeenshire Council's Support for Aberdeenshire Business scheme (SAB), Business Gateway and Scottish Development International (SDI).
The company received a grant of over £5,000 from Aberdeenshire Council’s SAB scheme to purchase computer software and took part in a workshop to prepare a strategy to increase turnover to £4million by 2013.
The new software will allow the oil and gas services company to build 3D models of their ThinJack products which provide engineering solutions using computer aided design to improve understanding of what they do.
The new software has also led to FPAL (first point assessment) accreditation that will allow ISI to register its ThinJack services with suppliers to tender for new contracts.
The company relocated to bigger offices and a new workshop at Arnhall Business Park, Westhill in March 2009 and has further plans for expansion into new markets in Australia and the United States.
Director of ISI Alastair MacDonald said: "Turnover has been increasing significantly each year since we started two and a half years ago and last financial year's turnover of half a million was over double the previous year and we will continue this trend.
"We believe that our growth is attributable to the effort put into sales and marketing for which we have received excellent financial and advisory support from the Support for Aberdeenshire Business Scheme, Business Gateway and SDI."
The company has secured deals from two more major North Sea operators with contracts worth over £200,000 and taken on more staff to bring the total workforce to five.
Aberdeenshire Council's business development executive Douglas Rennie urges more companies like ISI to get in touch following changes to eligibility for the council’s Support for Aberdeenshire Business (SAB) scheme.
"The scheme has been expanded to help tackle the current economic downturn and businesses from any sector can now access the funding scheme and support from the team," he said.
The changes follow a mid-term review of the council’s Economic Development Priorities to 2011.
Councillor Peter Argyle, chairman of the council's Infrastructure Services Committee, said: "The review was conducted not only because the strategy is half way through its life, but also because there have been several significant changes in the economic, political and structural landscape of Aberdeenshire and Scotland since the strategy was originally approved.
"I'm glad to see that the changes have led to companies such as ISI taking advantage of the scheme and am sure we will see many more local companies receiving support."
To be eligible for support under the SAB scheme a businesses must demonstrate that the proposal will bring additional economic benefit to Aberdeenshire.
(GK/BMcC)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
15/11/2024
A major milestone has been reached in the UK's transition to a greener energy future. Ofgem has approved the Eastern Green Link 1 project, a £2.5 billion investment that will see the installation of a 196km subsea electricity cable between Scotland and England. The project, a joint venture between ...
15/11/2024
Falkirk Council has secured a £100 million Growth Deal that is expected to create 1,660 jobs and generate £628 million in economic benefits for the area. The Deal, signed by the UK and Scottish Governments, will fund 11 projects, including: • A Carbon Dioxide Utilisation Centre • A Bioeconomy ...
15/11/2024
The Scottish Plant Owners Association (SPOA) has raised concerns that the measures announced in the Autumn Budget could lead to the demise of the plant hire industry in Scotland. The association argues that the increased tax burden and other economic pressures will have a significant negative ...
15/11/2024
Maxi Construction has been awarded a £1.6 million contract by The City of Edinburgh Council to replace the Reinforced Autoclaved Aerated Concrete (RAAC) roof at Pentland Primary School. The phased project will involve the removal of existing roof coverings and ceilings, the replacement of RAAC ...
15/11/2024
Clark Contracts has been awarded a contract to retrofit Scotland's National Retrofit Centre at BE-ST's Innovation Campus. The project aims to transform the building into a living laboratory, showcasing best practices in non-domestic retrofit. The ambitious project will involve a range of ...
15/11/2024
The Scottish Government has announced plans to bypass the villages of Springholm and Crocketford on the A75, a key route linking Scotland to Ireland. Jacobs UK Ltd has been awarded a contract to undertake initial design and assessment work for the bypass. The project is funded by the UK ...
15/11/2024
Dundee City Council has secured a £693,383 grant from the Scottish Government's Recycling Improvement Fund to upgrade its recycling facilities at Baldovie and Riverside. The funding will be used to purchase new waste management equipment, such as roll packers and compactors, to improve efficiency ...
15/11/2024
Homes for Good and Glasgow Credit Union have formed a partnership to address housing inequality in Glasgow and neighbouring areas. Glasgow Credit Union has provided a £2.4 million loan to Homes for Good, which will be used to purchase up to 35 homes for low-income individuals and families. The ...
15/11/2024
The historic Troon station has reopened following a £5m restoration project. The station was extensively damaged by a fire in 2021. Network Rail, in partnership with AmcoGiffen and CPMS, undertook the rebuild, which included the restoration of the station's iconic façade while incorporating modern ...
15/11/2024
BEAR Scotland, on behalf of Transport Scotland, is undertaking emergency works on the A828 between Ledaig and Benderloch to address a safety concern related to a deteriorating rock face. Recent monitoring has identified a fractured rock mass 60 metres above the road, requiring urgent attention. To ...