New £600k bank loan buoys N. Sea IT specialists for growth

Stephen Burt, Motion Software (right) with Clydesdale Bank manager Ian Grant.
Stephen Burt, Motion Software (right) with Clydesdale Bank manager Ian Grant.

Aberdeen-based Motion Software is targeting further growth after a £600,000 investment in the business.

The company, a software, hardware and tagging specialist supplier to N. Sea the oil and gas industry, has doubled the size of its office premises, based at Bridge of Don, thanks in part to a loan from the Clydesdale Bank.

Staff numbers have risen from 18 to 25 in the past year – including four employees who have joined the company in the past six months – and Motion Software is looking to recruit an additional four people by the end of this year.

Stephen Burt, Managing Director, Motion Software, said: “It’s an extremely exciting period for the business with our existing range of products, traditionally built around the oil and gas industry, now being adopted across multiple industry sectors-  including  renewable energy,

“Despite the challenging conditions around the oil and gas industry at present, we are continuing to experience a high level of demand for our products and services from North Sea businesses and clients as far afield as Houston, Dublin and Abu Dhabi.”

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed