Sales and profits rise at Atlas training, but chief executive steps down after four years

 

Atlas Chairman Robert Morgan
Atlas Chairman Robert Morgan

Robert Morgan, chairman of Aberdeen-based Atlas oil and gas training and development company, has taken over the additional role as chief executive following the decision of incumbent John Rowley to step down after four years.

The reshuffle at the top comes as Atlas announces financial results for 2013, reporting a 9% increase in revenues to reach a £9.3 million turnover in 2013.

The company saw a substantial performance improvement, with a 15% increase of its profits in 2013, outstripping the Oil Industry’s figure which stood at 11%. This was possible thanks to an improvement in content licence sales of 29%, benefitting from increased sales to existing clients as well as new client acquisitions in both the UK and overseas.

Morgan commented: “This has been a great year for Atlas. We have been growing ahead of our market, as sales have grown by 13% p.a., compared to the 6% growth of the global learning technology market.

“Clients have continued to look for more software-led solutions, and a strong financial year has allowed us to re-invest more than 20% of the profits towards the development of new software products and processes to meet this demand.”

John has played a crucial role in the development of Atlas, leading the company to double its turnover in just three years. He has launched several new product initiatives year on year and has strengthened our senior management team, which is the envy of the market.”

Atlas now supports 1.6 million technical oil and gas workers from a global working population of 6 million and last year was awarded a coveted Brandon Hall Group Gold award for excellence in the Best Advance in Learning Management Technology for Compliance Training category.

Chairman Robert Morgan has strong family connections in the Aberdeen and Buckie area. His great-uncle, John Morgan, was a trained mason in the city in the 1880s. As a skilled granite craftsman, John was associated with many of the most prestigious projects in Aberdeen, including houses in Aberdeen’s west end, including Queens Road, as well as Marischal College.

Most of the employee’s at Atlas are from Aberdeen and hold ownership of the company, along with management supported by the private equity company Hg Capital Ltd LP.

Morgan added: “The city of Aberdeen continues to grow with an unemployment rate of only 2.2%, compared to Scotland’s 7.2% and the UK rate of 7.6%. This is, in part, due to a significant upturn in activity in the North Sea, but what is more interesting is the growth of Aberdeen as an export market, particularly for small and medium businesses in the oil and gas sector. At Atlas, more than 50% of our business now comes from exports”.

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