PSN

PSN is a global provider of engineering, construction, operations, maintenance and project-management services, chiefly to the oil-and-gas sector. Now one of the 10 biggest private Scottish companies, it was formed in 2006 when chief executive Bob Keiller and his management team completed a $280m buyout from the Halliburton subsidiary Kellogg Brown & Root (KBR). PSN says it has created more than 2,500 jobs since 2006 and employs 8,500 people in 26 countries. It claims to have one of the highest industry employee-retention rates, holding on to more than 99% of its staff each month. Sales reached £741m in 2009.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2010
Rank68
CompanyPSN
ActivityOil services provider
LocationAberdeen
Sales £m*741
Profit £m*55
Year endDec 09
Principal shareholdersLloyds Banking Group (33%), management and other (60%), West Coast Capital (7%)
Staff5,673
Founded2006
Websitewww.psnworld.com

If applicable:

* Supplied by company † Annualised figure