Looking for a used or new machine tool?
1,000s to choose from
Machinery-Locator
XYZ Machine Tools MPU Hurco MPU Bodor MPU Mills CNC MPU 2021 Ceratizit MPU

Machinery-Locator
The online search from the pages of Machinery Market.

Bridgeport Turret Mill Vari Speed 111218
Bridgeport Turret Mill Vari Speed, Power in X, 2 Axis DRO, Table Guard, Lovo Lamp, Coolant. Ex
Bridgeport Turret Mill Vari Speed, Power in X, 2 Axis DRO, Table Guard, Lovo Lamp, Coolant. Ex ...
Bowland Trading Ltd

Be seen in all the right places!

Metal Show & TIB 2024 Plastics & Rubber Thailand Intermach 2024 Metaltech 2024 Subcon 2024 Advanced Engineering 2024

Paradigm Flow Services to take on more workers

Posted on 28 Aug 2014 and read 1543 times
Paradigm Flow Services to take on more workersParadigm Flow Services is to increase its workforce after almost doubling turnover.

The Aberdeen-based offshore blockage removal specialist reported a £10.7 million turnover in 2013, compared with the 2012 figure of £5.4 million. Gross profits rose from £2.7 million to £5.1 million, with net earnings up from £505,000 to £1.6 million.

Paradigm has brought two products to market this year: Flexi-Coil Extended Reach, to inspect and clear risers and flow-lines; and Subsea Umbilical Flushing Unit, which has recently been used in mature North Sea oil and gas fields in ‘pilot’ projects.

The firm has already delivered more than £7 million of contracts this year and estimates that it will achieve a £14 million turnover in 2014. It currently employs 65 people, and has plans to recruit a further 15 after all employees move to a new global headquarters in Drumoak later this year.

Managing director Rob Bain said: “We maintain investment in developing technologies that address some of the costly challenges operators face around asset integrity and health and safety. We will continue to focus on global growth, with a particular focus in the next two years on the UK, West Africa, the Middle East, Malaysia and the USA.”