Brimmond marks best financial year to date with £10 million turnover projection
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25 May 2023
Leading engineering business, Brimmond, have announced their best financial year yet, achieving £6.5 million in turnover, a 10% increase from the previous year, and are now forecasting a £10 million turnover for the 23/24 financial year.
The Kintore-based firm, which specialises in the design, manufacture, rental and repair of lifting, mechanical and hydraulic equipment for industry, has experienced soaring cross-sector demand over the past 6 months. In the energy sector, projects have included the design and manufacture of four 55kW HPUs for export to the Middle East and two Constant Tension HPUs for export to West Africa. Several marine crane and operator rental projects have been deployed across a range of decommissioning work scopes including plug and abandonment (P&A) and concrete mattress recovery. The firm also designed and manufactured a 6-tonne electrically driven umbilical reeler, which is to be installed at a European nuclear power plant.
In response to the continued uplift in demand, combined with a commitment to maintaining their hallmark high standards of quality and customer service, Brimmond have embarked on an ongoing recruitment campaign across the engineering, commercial and administrative disciplines. There are currently 40 members of staff in the team, an increase of 42% since January 2022, with a further 5 positions to be filled within the next 3 months.
Significant growth in the business has also prompted a £250k investment in building a new 1300ft² extension to their state-of-the-art facility in Kintore. A dedicated area for fabrication and welding, the extension reflects the company’s dedication to high quality manufacturing and repair services.
In addition, Brimmond are set to invest a further £750k in expanding their rental fleet. They will be adding another high-capacity marine crane to their offering, as well as core products including hydraulic power units and umbilical reelers.
Managing Director of Brimmond, Tom Murdoch, said: "Brimmond’s success story, particularly over the past year, is testament to the unstinting commitment and first-rate skills of our team. Our experienced hands-on technicians and engineers work hard to expertly engineer products and solutions that are not only safe and reliable, but also designed to meet the operational and maintenance needs of our clients globally. This is the crucial reason for our ongoing customer loyalty, and also our growing footprint across emerging sectors, markets and geographies.
"Equally on the commercial side, we have steered the company through several positive developments, not least our rebranding exercise, which pulled together our four historically separately branded divisions, under the strong Brimmond brand. Our new website reflects this exciting step-change in the business, projecting our ambitious plans for the future, while remaining true to our heritage.”
Established as a family business 27 years ago by the current Managing Director’s father, Alistair Murdoch, Brimmond is based at a bespoke purpose-built facility located on 2.5 acres of land in Kintore.
Tom Murdoch, Managing Director of Brimmond