Assertive Exceed Posts Record Results, Named in Fast Track 100

Posted by Laura Krauss


Aberdeen-headquartered Exceed, the well management and performance improvement specialist, has ended 2019 on a high, posting record results in the same week as it was listed within the 23rd annual Sunday Times Virgin Atlantic Fast Track 100.

The company posted its annual results (year end to February 28, 2019), reporting that pre-tax profit has increased from £365,000 to £2.3million.

The figure represents the return to a determined strategy of internationalisation for Exceed - particularly in West Africa - as Exceed Well Management in Ghana continues to regain momentum. The company has displayed its commitment to the region with the addition of nine local graduate trainees and has broken new ground with inaugural £multi-million contract wins in both Gambia and Guinea Bissau.

In addition to a profitable West African presence, Exceed has also reported increasing success in both South America and the Middle East, as well as a recent new project in Mozambique.

Ian Mills, Exceed Managing Director explains further: “The core elements of our business - Well Management and Performance Improvement - have always been eminently exportable; prior to the recent industry crash, approximately 85% of Exceed activity took place overseas.

“In response to these challenging times our business consolidated, with the North Sea providing a similar percentage of our work. However, as confidence within the oil and gas market has improved, we are now making a return to the previous proportion of international activity, whilst continuing to service drilling and late life contracts closer to home.”

The Fast Track 100 ranks Britain's 100 private companies with the fastest-growing sales over their latest three years. Ranked 71st this year, Exceed is set to continue its upward trajectory during 2020, not least through the material growth of the company. Following the acquisition of pressure drilling experts, Managed Pressure Resources in June 2019, the company has, this week, announced the establishment of Exceed Norge and Exceed Mexico – both of which commence trading in January 2020.

Throughout this eventful year, Exceed has also maintained its commitment to the regions in which it operates via the Exceed Trust, set up in 2008 to provide life-changing opportunities to children and young adults disadvantaged by socio-economic circumstances. During 2019, and in the absence of a mains supply, the Trust is proud to have provided 24/7/365 access to running water to Ghanaian orphanage, Becky's Foundation.

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

well managementFast Track 100Performance ImprovementAnnual Resultsexportbusiness expansion

More items from laurakrauss

ASCO Appoints New CFO

ASCO, the global integrated materials and logistics management company, has appointed Gary Paver as its new Group Chief Financial Officer.   A seasoned finance executive, Gary is a Chartered Accountant with over 25 years' experience in oil and gas including roles  with  Halliburton, Petrole ...

Laura Krauss

Posted 6 months agoPress > ASCOAppointmentCFO +3

Unique Group Signs Exclusive Agreement with OTAQ Offshore

Leading integrated  subsea and offshore solutions provider ,  Unique Group ,  has recently signed an exclusive rental agreement with UK-based OTAQ Offshore to represent the   latter's  technology and products across the Middle East, APAC and the Americas.     Experts  in  engineerin ...

Laura Krauss

Posted 7 months agoPress > Unique GroupAPACNorth America +6

ProSep’s Enhanced High-Efficiency Mixer Delivers Water Savings in the Middle East

ProSep, an industry leading provider of proprietary solutions for reduced chemical, water usage and clean water, has successfully secured a six-figure contract with a leading Middle East national oil company. The contract, which is to provide four (4) Annular Injection Mixers (AIM) for a gathering ...

Laura Krauss

Posted 7 months agoPress > ProSepMiddle EastContract

Specialist acquisition strengthens ASCO's NORM Services

ASCO, the global integrated materials and logistics management company, has acquired full ownership of NORM Solutions Ltd, a leading provider of specialist cleaning, treatment and disposal services for oilfield equipment contaminated with Naturally Occurring Radioactive Materials (NORM).   Th ...

Laura Krauss

Posted 7 months agoPress > ShippingacquisitionsASCO +7

GM Flow secures six-figure investment

Leading Aberdeen gas flow measurement firm, GM Flow, has secured a six-figure sum investment from two Scottish equity firms and the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise, as it continues to further develop its game changing gas flow technology for the oil and gas ...

Laura Krauss

Posted 8 months agoPress > gas flowsgas flow measurementGM Flow +5
All posts from laurakrauss