A hi-tech Dundee turbine component repair company has “weathered the storm” of 2020 as it looks towards new contracts and continued growth.
ATL Turbine Services saw turnover remain steady at £7.2 million for the year ending June 30 2020, despite the impact of the Covid-19 pandemic and Brexit uncertainty.
Pre-tax profit fell slightly to £1.1m, from £1.5m the previous year.
Based on Piper Street, ATL services the marine, civil aviation, defence aviation and industrial sectors.
It refurbishes late-life aero and light industrial turbine parts, giving them the same integrity and durability as new components.
This provides a cost-effective alternative to purchasing new parts, which in some cases can be difficult to procure.
Chief executive of ATL Turbine Services, Dale Harris said the firm had delivered a robust set of results for the year, although turnover and profitability were severely affected in the last quarter due to the pandemic.
He said: “This has been a hard year for many companies and I’m pleased that ATL has weathered the storm as well as we have.
“2020 was a stellar growth year, right up until lockdown in late March.
“We’ve had some great successes this year, not least being awarded a Vice-President’s Award from Scottish Engineering for outstanding achievement, which we are very proud of.
“Looking to the future, ATL Turbine Services has a healthy pipeline of work, excellent long-term customer relationships and we are in the final stages of securing a new contract win with a major original equipment manufacturer that will provide ongoing growth and job security.”
More than a third of revenue at the firm is generated from exports and ATL implemented a number of strategies to minimise disruption to trade due to Brexit.
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