Harkand Group

Customers in the oil and gas industry may turn to this Aberdeen company to provide remotely operated vehicles as well as survey and diving services. Integrated Subsea Services was founded in 2002 by managing director Ian Herd and human-resources director Bruce Webster. In 2008 Bank of Scotland Corporate, now part of Lloyds Banking Group, invested a reported £80m for a 12.5% stake. This year the company has acquired the Australian offshore services firm Submec for an undisclosed amount, and has increased its presence in southeast Asia with a new office in Singapore. Sales have grown 65% a year from £19.6m in 2005 to £87.6m in 2008.

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Company details
Year2009
Rank73
CompanyHarkand Group
ActivityOffshore services provider
LocationAberdeen
Annual sales rise over 3 years64.67%
Latest sales £000s87,626
Staff472
Founded2002
Websitewww.harkandgroup.com

If applicable:

* supplied by company † annualised figure