Aberdeen-based Integrity XL, a multi-discipline integrated service provider, is set to grow its business after investing in two liquid nitrogen pumps.
Procured from Great Yarmouth-based Prior Diesel Ltd, these pumps are essential to the shutdown and maintenance services offered by the company, being usedto purge and pressure-test pipework and pipeline systems.
Their acquisition has been part-funded by a £350,000 loan from the Scottish Loan Scheme (SLS), which is administered by the Scottish Investment Bank.
Integrity XL believes (
www.xlg.co.uk) that the pumps will open the door to more shutdown and maintenance contracts; it is aiming to double both its turnover and the size of its workforce by the end of this year.
Stuart Sinclair, Integrity XL’s managing director, said: “Thanks to the financial assistance provided by the Scottish Loan Scheme and the XL Group, we are firmly on track to fulfil our strategic growth aspirations for the business this year.”
Scottish Investment Bank director Kerry Sharp said: “Having secured several new contracts in a diverse range of sectors in 2019, 2020 is already shaping up to be another exciting year for Integrity XL.
"The acquisition of the pumps will help the company to sharpen its services and has the potential to create a new revenue stream via the rental market.”