Cable repair contracts increase Briggs Marine’s turnover

Briggs Marine Multicat 'Forth Constructor' Briggs Marine Multicat 'Forth Constructor'

UK-headquartered Briggs Marine & Environmental Services has published its new accounts for the year ending March 2016 at Companies House, which show an annual increase in turnover to £66m.

The company, which supplies a range of services throughout the marine industry, says it has increased its turnover by £4 million from the previous year as a result of increased activity in the repair of subsea cables in the offshore renewable energy industry.

Tighter margins in variable markets saw the Group’s operating profits show a slight decrease.

Aditionally the company has been awarded a seven year contract with Peel Ports for the supply and operation of pilot launch vessels from the ports of Liverpool and Heysham and a further contract for the provision of oil and gas terminal operational services and support to Essar at the Stanlow terminal in Ellesmere Port (Cheshire).

In addition, further company investment has secured the purchase of two new Mulitcat-type workboat vessels which enhances its already significant capability. Activity in the offshore renewable energy industry continues to create opportunities for growth within the business, prompting additional investment in cable handling and diving equipment.

Furthermore, to the Company’s strong financial performance, it was also successful in achieving the ISO50001 accreditation in late 2015/early 2016 through the establishment and implementation of a new energy management system.

By Jake Frith

Latest Press Releases

2018 saw Ship Shape IMO exhibit at IMPA London for the first time.

2018 saw Ship Shape IMO exhibit at IMPA London for the first time. After visiting the exhibition for... Read more

De Boer holds naming ceremony for Damen RSD WID Tug 2915 Hybrid Fregate and ASD Tug 2310 SD Papillon

The naming ceremony has been held for two custom tugs built by Damen Shipyards Hardinxveld for De Bo... Read more

Damen signs for another three years as founding partner of the Nederlands Dans Theater

The long-term partnership between the Damen Shipyards Group and the Nederlands Dans Theater (NDT) co... Read more

Damen Schelde Naval Shipbuilding announced as one of the Fan sponsors of SAIL Amsterdam 2020

Damen Schelde Naval Shipbuilding (DSNS) will be a Fan sponsorship partner of SAIL Amsterdam 2020, wh... Read more

Damen’s 3rd Annual Workboat Festival showcases over thirty workboats to customers and industry partners

Last Thursday, Damen Shipyards Gorinchem hosted the Damen group’s third annual Workboat Festival. Th... Read more

Damen appoints Sales Director for its new large RoPax division

Damen Shipyards Group has appointed Chiel de Leeuw to the newly-created position of Sales Director R... Read more

View all