A WESTHILL-based engineering firm, which is less than a year old, has been nominated for a major North-east business award.
Libra Engineering Ltd is in the running for the Most Promising New Business category in the Grampian Awards for Business Excellence 2013.
The prestigious award recognises start up businesses that have demonstrated an outstanding first year of trading.
Directors, Gary McKale and Mike Taylor, launched Libra Engineering in June 2012 after long careers in North Sea engineering.
Libra specialises in topside weight engineering and aims to become the Aberdeen market leader in this field within two years.
Mr Taylor said: “We have all contributed a lot to this business so we are absolutely delighted and also very proud to make it to the final stage of the award process.
“We have been strongly supported by our wives, partners and families, so winning this award would be a big thank you to them.”
Directors, Gary and Mike, were inspired to set up the business after frequently encountering significant errors in weight and centre of gravity data in older offshore platforms, which can lead to health and safety and structural integrity issues.
Libra’s weight-engineering services are ideally suited for over 150 North Sea oil platforms built in the 1970s and 1980s assisting modern structural engineers to ensure older platforms have a safe weight baseline and allowing them to judge whether topsides modifications can be accommodated in the future.
The company’s specialist expertise has the potential to develop on a global basis.
The company has seen considerable success in the first year.
As part of their growth strategy, Libra recently appointed Doug Cameron as an associate director and there are plans to increase staff numbers to five by the end of 2013.
Libra has already surpassed its first annual turnover target and the directors are predicting further significant growth for the future.
Mr Taylor said: “We believe that oil production in UK waters will continue for at least 30 years and beyond that, the decommissioning industry will continue, so we expect that North-east Scotland will prosper for many years yet and Libra wants to be a growing part of that.”
The awards, which are organised by Enterprise North East Trust (Enterprise) and sponsored by RBS – Ahead for Business, alongside Business Gateway, Aberdeen City Council and Aberdeenshire Council, culminates with an awards ceremony on Thursday 27 June 2013 at the Mercure Ardoe House Hotel.
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