Member Article

Sales up 55% for Northumberland offshore engineering business

Northumberland offshore engineering firm Osbit has recorded a strong year in export sales, growing its turnover by 55%.

For the 12 months ending 30 September 2017, the firm reported sales of £15.3m. International sales increased by 65%, accounting for 66% of the company’s total turnover. UK sales also grew by 38 percent.

Overall profit for the year also increased on the previous year, by 59% to £1.3m, enabling Osbit to make bonus payments to its growing workforce.

Osbit has also grown its workforce by 46% during the year now employing 60 people at its head office in Riding Mill and production facility at the Port of Blyth.

Tony Trapp, Executive Chairman of Osbit, said: “We are proud of our achievements of the past year, which is testament to the talented people at Osbit who continually devise and deliver complex engineering solutions to meet the requirements of our customers.

“As the energy sector environment remains challenging in areas, we have strived to adapt and remain agile to serve an evolving industry. This has been achieved through the creation of effective technology that is delivered, on each occasion, on spec, budget and in time.

“We are also delighted to be able to grow our workforce significantly by attracting top talent of experienced professionals and graduates.

“Osbit is an excellent training organisation, which takes new students and graduates and develops them into mature professional engineers and entrepreneurs, and is a strategy we will continue to deliver.”

He added: “By maintaining our company ethos of creating sound engineering solutions in niche areas of technology using properly motivated, exceptional engineers, we believe Osbit can maintain and grow its position in the supply chain of the offshore energy industry.”

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