Crunch ‘is no bar to expansion plan’
A WILTON-BASED recruitment company claims the global recession will not hinder plans to double turnover to almost £4m next year.
A supplier of staff to the offshore, oil and gas and engineering sectors, TechConsult UK is on course to post revenues of £1.8m-£2m in 2008 - only its second year of trading - on the back of the “technical engineering boom”.
Managing director Steve Guest said he was confident of maintaining margins of around 10-15% and expected “limited fall-out” from events which have sent global financial markets into chaos this week.
He said: “I’m sure there will be some knock-on effect; when the US has a cold, everybody else seems to catch it.
“But we are growing on the back of major oil and gas exploration projects that require skilled staff for concept design through to extraction.
“We’re aiming to build the brand in the technical engineering market.”
The flagship UK operation for Norwegian-owned TechConsult, the company has expanded rapidly on the back of preferred supplier agreements with local engineering firms and posted revenues of £900,000 in its first year.
It employs five staff on Teesside and expects to take on more in the coming months.
Successes for Techconsult this year have included clinching a £100,000 contract to supply up to 50 skilled offshore workers to Darlington sub-sea specialist CTC Marine Projects. TechConsult UK is providing specialist permanent and contract personnel to work on CTC projects around the world.
