Water tech firm’s revenues surge by 71%
Clean water technology firm RSE saw revenues rise by 71% to £198m in the year to March 2023, while operating profits more than doubled to £14m, from £6.5m the previous year.
The Scottish-headquartered firm, which has offices in Leeds, Bath, Bristol, Nottingham and London, said acquisitions accounted for 20% of the revenue growth, while 80% was organic.
The firm’s acquisitions included Dewsbury ventilation specialist Greenacre Environmental Systems, and Bristol-based manufacturing process automation firm GPS Links.
Iain MacGregor
RSE executive director Iain MacGregor said, “We have a strategy to modernise the water sector by pioneering new technology into factory-built and standardised water treatment facilities. This approach has proven to reduce construction schedules, enhance quality, provide greater cost certainty and have a positive impact on the environment.
“The growth in the year was attributable to growing established markets in Scotland and opening new markets in England, increasing demand for our products and solutions.”
During 2023 RSE attracted investment from growth capital specialists MML Capital Partners. The business also announced the appointment of new chief executive Stephen Slessor and chief finance officer Murray Tinning, to start in January 2024.
