Subocean Group

This sub-sea engineering contractor runs power-transmission cables along the sea floor from off-shore wind farms to sub-stations on land, using four vessels that can lay cables in waters up to 2,000 metres deep. Counting energy companies Centrica, RWE and Eon among its clients, the business, which is led by John Sinclair, focuses exclusively on the renewable- energy sector. It is aided in its work by the commitment of European governments to install at least a further 19,000 wind turbines by 2020. And with only a handful of competing companies based in Britain, sales grew 237% a year, from £1.7m in 2006 to an annualised £65.1m in 2009. At the beginning of 2011 the company went into Administration, and its assets were acquired by French energy services firm, Technip.

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Company details
Year2010
Rank2
CompanySubocean Group
ActivitySubsea construction provider
LocationAberdeen
Annual sales rise over 3 years237.14%
Latest sales £000s†65,142
Staff211
Founded2005
Websitewww.suboceangroup.com

If applicable:

* supplied by company † annualised figure