Turnover up at Briggs
UK-headquartered Briggs Marine & Environmental Services has published its new accounts for the year ending March 2018 at Companies House, which show an annual Turnover of £58m; an increase of 17% from the previous year.
The company, which supplies a range of services throughout the marine industry, has seen its Turnover increase from the previous year, as a result of higher utilisation of marine assets in a sector which has been affected by fluctuating activity levels, in addition to a higher level of activity on non-core work at the Woolwich Ferry as part of the project to upgrade the berthing facilities for the arrival of new vessels in late 2018. The year also included revenues from the provision of services and support to the salvage of the MV Kea Trader in New Caledonia.
The Group has continued its success in securing new and retaining existing contracts throughout 2018, having secured a contract for provision of mooring services at the Port of Liverpool, and being successful in renewing a contract for oil spill response throughout the Caspian region, with the additional scope of delivering fire & rescue services at Sangachal Terminal.
In addition, further company investment has secured the purchase of three new Pilot Launch Vessels for use in delivery of pilot services to Peel Ports at the Port of Liverpool.
By Jake Frith
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