Member Article

Growth drive at px group pays dividends

A second consecutive year of healthy growth means that the Teesside based px group is the North East’s fastest growing large company and has been placed second in the fastest 50 growing firms across all categories in the region.

Turnover of £63.21 million and pre-tax profits of £1.78 million for the financial year ending 31st March 2012 represented a 43.9% improvement on 2010/11, itself a record year for the company established in 2002 to operate and manage the Teesside Gas Processing Plant and Teesside Power Station.

Commenting on the Ward Hadaway sponsored accolade, px group Chief Executive Officer, Ian Clifford, said: “The diversification drive we have undertaken in recent years has really paid dividends for us.

“It has always been our goal to add new skills to our team and to win business in new areas. Progress was steady at first but over the last two years success has come much more quickly - a just reward for the hard work put in by our team.”

From its headquarters in Stockton-on-Tees, in addition to operation and maintenance (O&M), the company now provides diverse services to the energy and process industries around the world in areas such as project development, energy consultancy, engineering design and construction management and 24 hour energy (gas and power) trading. Full O&M contracts are in place at 11 key facilities around the UK.

The px group employs approximately 300 staff at locations throughout the UK and in the Middle East.

This was posted in Bdaily's Members' News section by Paul Dobbie .