Chloe Shakesby

Gateshead energy firm powers up workforce by 300 as revenue increases nearly 50%

A Gateshead energy solutions firm has anounced plans to create 300 new jobs as it turnover increases by 48 per cent.

Global Procurement Group (GPG), has seen its turnover has hit £44m this year, with a projected EBITDA of £31m, up from £14m last year.

The company’s revenue has grown at 40 per cent each year from 2017 to 2020, with “particularly strong” growth in the French and US markets.

GPG’s headcount has surpassed 700 this year, with its workforce set to grow to 1000 in 2021.

The company said: “The latest accounts show GPG’s turnover has grown by 48 per cent to £44m for the year ended 2019.

“Revenue growth has been strong across all markets GPG operate in, with particularly strong growth in the relatively new French and US markets. GPG entered the French market in 2014 and has grown revenues in this short time to account for 16 per cent of the group’s total revenue by 2020.

“Despite the challenges presented by Covid-19, 2020 has seen sustained and continued growth, proving to be an extremely strong year for the group.

“2021 will see UK headcount continue to grow with allocation at Riga for 300 additional people, with the group’s global headcount set to grow to around 1000 heads.”

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