Pyeroy Industrial Services Group has seen increases in profits and says its in a strong pisition for growth in the future with £120m in the order book.
Pyeroy was founded in 1973 as a protective coatings company, but diversified in the mid nineties after a large amount of key north east ship yards closed.
The company now providing specialist scaffolding, asbestos handling and industrial painting services that are being used currently as Pyeroy are responsible for painting the Forth Rail Bridge.
Pyeroy last year had a number of profitable contracts, including £14m of new work within its industrial services sector.
Also work on a £3m contract at Rio Tinto Alcan’s Lynemouth site to install access scaffolding and cleaning of its coal fired power station is now complete.
The managing director of Pyeroy Hugh Pelham said
“This is a good set of results despite the continuing economic pressures and we are well- placed to see strong growth continue well into the future.
“Our strategy of focusing on providing added value solutions is clearly succeeding and paying dividends as we have continued to win major work across the board cementing our position as a leading provider of specialist industrial services.”
Pelham also said: “We now have in place a highly-skilled and motivated workforce, which together with a continued focus on delivering quality, is seeing us emerge strongly from the some of the worst trading conditions for decades.”
Written By Daniel Norton.
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