Flexible pipe specialist FlexTech has surpassed its first year turnover target of £500,000 just six months after start-up and anticipates reaching £1million by the end of the year.
Flexible pipe expert Craig Keyworth established the Aberdeen-based company in March of this year, after operating as a flexible pipe consultant for a number of years prior.
Keyworth, who is also FlexTech’s Engineering Director, said: “I’m very pleased with the company’s initial progress. We are building a great track record of developing bespoke solutions to individual challenges, project managing complex design scopes, delivering on schedule and on budget.”
FlexTech’s core business is the successful delivery of flexible pipe and riser engineering projects, offloading systems and integrity management and inspection. It also has a range of innovative products designed to facilitate ease of installation, ensure operational integrity and prolong the life of the flexible in field.
The company moved to new premises in September 2013, representing a six-figure investment in a new office as well as specialist software and infrastructure. The company also has a half-acre research and development facility in Lincolnshire, with a further one acre to allow for future planned expansion.
Within its initial six months, FlexTech has completed work and supplied equipment globally for a range of companies from UK and international operators as well as installation contractors, with a number of high profile jobs scheduled for 2014.
Keyworth continued: “The business has been a long-term plan and we have a wealth of internal practical experience and a team driven for success, both for the clients and for ourselves as an organisation. The ultimate aim is for a reputation as a company capable of delivering on all flexible pipe requirements. We are a highly skilled, dynamic company and pride ourselves on our solutions-based approach and ability to adapt quickly and professionally to our clients’ needs whatever or wherever they may be.”
FlexTech currently has a team of six subsea and marine specialists and aims to add a further eight employees within the next 12 months. It has recently recruited two new directors, who, along with Keyworth, boast more than 50 years’ experience in the oil and gas industry among them.
Keyworth said: “The business isn’t just about making money, it’s about the team and how they work together and with our clients. We have recruited a team with an extensive knowledge and background in flexible pipes that is willing to go the extra mile to provide excellent service and results to our clients.
“Our experience in the industry and our innovative and practical approach which saves our clients time, effort and money, has been in high demand, and we are looking forward to a busy 2014 and beyond.”
Press Release, December 11, 2013