Apollo reaches for the stars with major revenue growth

Energy advisory and engineering consultancy, Apollo, which has an office in Nottingham, has reported continued growth in revenue and EBITDA for the year ending 31 March 2024.
Revenue for the financial year reached £12m, representing a 20% increase compared to the previous year.
Apollo highlights over the period include the award of a multimillion-pound contract from NEO Energy for a Front-End Engineering Design (FEED) study for the planned redevelopment of the Greater Buchan Area and a Project Management Consultancy (PMC) Contract for INEOS E&P’s Hejre Project, valued at over £10m.
The focus on low carbon/industrial decarbonisation projects continued during this period. Key projects secured include studies for gigawatt-scale floating offshore windfarms (FOW), executing an FOW tow-to-port study, and partnering with Wales & West Utilities on a hydrogen project in North Wales. Apollo has also advanced carbon capture initiatives, including its work with 7CO2, conducting critical studies that aim to facilitate decarbonisation for industrial emitters across the Southwest of England the Midlands and West Wales.
Richard Bell, managing director of Apollo, said: “This year has been defined by growth, focus, and delivering exceptional results for our clients. From groundbreaking projects in renewable energy to advancing decarbonisation initiatives and strengthening industry partnerships, our team has demonstrated the expertise and agility required to meet the demands of a changing energy landscape. We continue supporting the oil and gas sector in this critical time, seeing increased domestic and international opportunities.
“With our reorganisation now complete and new services like our advisory business enhancing our offering, we are well-positioned to continue delivering innovative solutions and driving success for our clients in 2025 and beyond.”