July 25 2014 Latest news:
Ben Woods, Business writer
Thursday, May 1, 2014
Marine services company James Fisher said its performance was line with expectations as revenues remained robust across the majority of the group.
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.
Nearly 1,250 people, including more than 100 in the East of England, have been made redundant following the appointment of administrators at Unipart Automotive, one of the UK’s largest independent suppliers of car parts.