Based in Marlow, Buckinghamshire, FoundOcean is a specialist in subsea grouting – the use of concrete and sea water to stabilise pipelines and secure offshore oil rigs and wind turbines. An increase in the number of offshore wind farms being developed helped sales grow to £18.3m in 2012, and this sector now represents 50% of the company’s turnover. The company has also created an artificial seabed off the coast of Italy to help with the recovery of the stricken cruise ship the Costa Concordia. Chairman Keith Miller, 68, set up the firm in 1988 and environmental investor Ambienta bought a minority stake last year for an undisclosed sum.
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