Powerteam's jump start for another bumper year
A Northern Ireland electrical infrastructure company said its turnover climbed nearly 50% in 2012 and a new £10m deal has set this year off to a strong start.
Powerteam, which builds and maintains substations and overhead cables, recorded sales of £14m during the year and although it wouldn't reveal how much profit it had made in 2012, said staff numbers had climbed 36% to 200.
It put the boost down to adding the likes of Scottish Power, Electricity Northwest, Northern Powergrid and EDF Energy Renewables to its existing client base which already includes SSE and ESB.
The new contract in January will see it build four wind farms alongside six it is already constructing.
And managing director Alistair Dawson is confident of more success in 2013.
"Our core business – building new, and refurbishing existing substations and overhead lines for electricity network operators – is forecast to continue to grow as some infrastructure is 40 to 50 years old and at the end of its useful life. Renewable energy projects account for approximately 20% of our business and we expect to see this maintained for three to four years."
A wholly-owned subsidiary of ESB, Powerteam has offices in Perth, Basingstoke, Manchester, Omagh and Belfast and directly employs 200 staff with a further 140 subcontracted workers engaged at any one time.