UK: Extended Contracts Help Tidal Transit on Way to Reach GBP 1 Million Turnover

Business & Finance

UK: Extended Contracts Help Tidal Transit on Way to Reach GBP 1 Million Turnover

Tidal Transit has secured two contracts for offshore wind crew transfer for the Greater Gabbard and the Sheringham Shoal offshore wind farms, which helped the company on its way to reach GBP 1 million turnover in 2012. An additional GBP 275,000 came from the contracts´ extension signed just a few days ago.

As the EDP24 news site writes, Tidal Transit has expanded from a single office operation to one occupying a 3,000 sq ft building at its Docking base. Currently, it employs 13 full-time staff and eight subcontractors.

The company seized the opportunity to become part of the offshore wind industry and these contract extensions were reward for that, said Mr. Hambro, the company’s commercial director.

[mappress]

Offshore WIND Staff, July 17, 2012; Image: Tidal Transit