Aberdeen-based Balmoral manufactures polymer-based flotation equipment for the deepwater oil and gas industry, as well as industrial storage tanks, and operates Balmoral Business Park. Founded in 1980 by chairman Jim Milne, 75, the group has offices in Houston and Rio de Janeiro, and acquired Barnsley based tank maker Galglass from administrators in 2014. Despite reduced industry activity, a strong order book of long-term international contracts combined with tight cost controls helped profits reach £31m last year.

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Company details
CompanyBalmoral Group
ActivityPolymer engineer and manufacturer
Annual profit growth125.12%
Latest profits £000s30,962
Latest sales £000s136,534

If applicable:

* supplied by company † annualised figure