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Fendercare owner reports robust revenue performance

10:31 01 May 2014

Energy services company Fendercare based in Great Yarmouth

Energy services company Fendercare based in Great Yarmouth

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Marine services company James Fisher said its performance was line with expectations as revenues remained robust across the majority of the group.

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Demand for its offshore services across international markets and the North Sea – and a strong order pipeline – helped the company’s offshore oil and specialist technical revenues drive strongly ahead of last year.

But its marine support arm had a slower start to the year despite its tankships division continuing to make progress thanks to contract wins and moves to tighten its capacity.

Meanwhile, during, the business confirmed in its interim management statement for the period from January 1 that it had finalised two bolt-on acquisitions, including a £2.5m deal for underwater survey company Subsea Vision and a £3.7m deal for Defence Consulting Europe.

Subsea Vision will now become part of James Fisher-owned EDP Top100 company Fendercare , which is based at Seething.

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