A North-east marine equipment specialist has re-organised into two key operating divisions – Motive Engineering and Motive Rentals – to focus on future growth.
As part of the restructuring, Motive Offshore – which currently employs more than 100 people at its 30-acre site at Boyndie, near Banff – expects to create a number of new jobs in the local area and has invested a six-figure sum in its branding and marketing to define and align the objectives of each division across the group.
Motive, which specialises in high capacity winches, umbilical deployment equipment and specialised subsea equipment, is planning continued investment in product development in 2015, specifically its umbilical equipment including reel drive systems and tensioners. The group also has a sales office in Aberdeen and a fully operational base in Stavanger.
The group, which is entering into its fifth year of business, has experienced considerable growth since its inception, investing £3.5 million pounds in its rental equipment in the last two years, which has resulted in an overall increase in turnover from £5.2m in 2013 to £7.8m last year.
The firm has ambitious growth expectations for 2015, following successful developments at its first international base in Stavanger, Norway, which has exceeded its expected turnover figures to NOK 5m in 2014 and secured several large contracts since launching at the end of 2013.
James Gregg, Chief Executive, Motive Offshore Group, said: “It is great to be heading into year five with ambitious targets for 2015 as we focus on worldwide growth and further employment which is vital for the local economy and the skills shortage in the industry.
“The restructure is part of strategic growth plans and will allow us to concentrate on strengthening both divisions which will undoubtedly benefit our clients and accelerate further expansion of the group.”
* Meanwhile, Sir Michael Bibby has stood down as non-executive chairman of Bibby Offshore, a prominent offshore subsea services company. He will be succeeded by Mike Brown, presently Group Portfolio Director.