SeaKing Electrical sets £15m goal after Spanish deal
MARINE services company SeaKing Electrical is targeting 30% sales growth after agreeing a strategic partnership with a Spanish shipyard.
The £11m turnover Birkenhead business, which has seen strong overseas growth in the last 12 months, and is hoping its deal with Zamacona Shipyard will help its sales to rise to £15m over the next 12 months.
SeaKing will provide Zamacona, which is based in Las Palmas, Gran Canaria, with extra capacity engineering support.
Chief executive Dave Gillam said the partnership is a significant step for the business, which has 120 staff.
“We have been working closely alongside Zamakona for some time to build a strong relationship.
“Essentially we will be able to support Zamakona’s operation in Las Palmas by supplying electrical engineers who can deliver specialist expertise and services. For instance, if projects come into the yard at short notice we have the strength and depth within our workforce to provide oil rig competent, experienced electricians for offshore, maintenance and upgrades.”
He added: “This latest development in Spain is a signal of our ambition to boost overseas growth and intent to drive turnover through the £15million barrier in the next 12 months.”
Zamacona Shipyard recently completed a major deal to overhaul generators on three fishing vessels. The yard is now gearing up for several oil rig repair projects.
SeaKing carries out projects on a broad variety of vessels from drill ships and platforms, to superyachts, ferries, tug boats and tankers. Recent contracts have taken its teams to shipyards across the UK, Europe, Asia, Africa and the Middle East.
