Top Track 100

Founded in Aberdeen in 1967, ASCO provides support to oil and gas rigs in the North Sea, the Gulf of Mexico, Brazil and Canada. After a management buy-in in 1996, the company made several acquisitions, including one of its closest competitors, Wood Group Offshore. This expanded its sales to £532m in 2001, when it had 2,000 staff.

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Company details
Year2003
Rank55
CompanyASCO
ActivityOil and gas services provider
LocationAberdeen
Sales £m532
Profit £m16
Year endDec 01
Principal shareholders3i (62%), Wood Group (31%) and management (7%)
Staff2,000
Founded1967
Websitewww.ascoworld.com

If applicable:

* Supplied by company † Annualised figure **Estimated