December 6 2013 Latest news:
Ben Woods, Business writer
Wednesday, October 30, 2013
Great Yarmouth-based energy services company 3Sun Group is adding 80 jobs across its operation as it targets a third consecutive year of revenue growth.
Graham Hacon, managing director, said it would create 40 new posts at both its Yarmouth and Aberdeen bases amid forecasts that the firm will hit a £25m turnover target this year.
It comes as the company recently sealed a deal for a six-figure sum to buy RRC Controls Services, based in Gourdon, Aberdeenshire, to increase its presence in the region.
The move followed the group’s recent expansion into Europe – opening new offices in Denmark and Germany – and growth closer to home through the acquisition of Eastern Training Services.
Its turnover increased almost three-fold from 2010, from £2.4m to £6.5m, and almost doubled from 2011 with an increase to £11.4m.
But according to its latest set of accounts for the period ending March 31, its pre-tax profits fell by £266,035 to £857,943.
He said: “The company has grown steadily and significantly throughout its six years in operation. Due to the impressive financial outcomes of the past few years, we have used 2012/13 to re-invest some of the company’s funds into increasing 3sun Group’s capabilities and global presence.
“This is in order to reach a number of future milestones, and will be highly beneficial in the long run which is evident from our 2013/14 financial predictions.
“We have established a strong base in the UK and the acquisition of RRC Controls Services has bolstered our footprint in Aberdeen, while giving us the ability to serve the global subsea market, offering full turnkey engineering solutions. This is set to create additional jobs across the group, whilst providing an increased support structure to our clients.
“Our relationships with current and prospective customers, and what we can offer them, remains at the forefront of all that we do. A fundamental part of the decision to open new bases was to ensure that we are working closely with our clients in the regions in which they operate, and maintain these strong working relationships.
“We also remain focused on our headquarters in Great Yarmouth, having invested £500,000 in new purpose built premises in the region. “We currently have plans to add 40 employees each to our Great Yarmouth and Aberdeen bases. We look forward to continuing to support the local economy and providing employment opportunities in the regions.”
Two hundred jobs are set to be created after one of west Norfolk’s largest businesses was granted permission to expand its King’s Lynn facilities.