Member Article

Darlington's Subsea Innovation continues expansion with completion of new headquarters

Darlington-based Subsea Innovation has completed work on its new headquarters and manufacturing facilities.

The development in Faverdale, which is double the size of its previous headquarters, has enabled Subsea Innovation to test Launch and Recovery Systems (LARS) to lift up to 100 tonnes and it has installed cranes capable of handling up to 50 tonnes of equipment.

The company is expecting to increase its staff numbers from 30 to 5o by the end of this year.

The move has allowed the company to compete for larger contracts and it has already sealed a 7 figure order from Middle-Eastern energy supplier RasGas to supply pipeline clamps and connectors.

Work on the 40,000 sq. ft. facility was carried out by local contractors J and RM Richardson and was designed by Darlington’s Architects Design Group.

Subsea Innovation’s annual turnover exceeded £10 million for the first time in its history in 2013. The company is expecting to pass the £10 million turnover mark again in 2014.

Martin Moon, managing director at Subsea Innovation, said “Our new headquarters demonstrates the progression we have made over the past two years. It was always our aim to double in size to compete for larger contracts and is extremely satisfying now that this has been realised.

“The facility can test heavier equipment and with more capable cranes and the additional workspace that it brings it will enables us to develop our research and development side further, which will prove to be a key factor in securing future work.

“We are currently in the process of transferring projects to the new headquarters and expect to be fully operational by November.

This was posted in Bdaily's Members' News section by Ellen Forster .