Able UK

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Able UK

Postby teesships » Fri Feb 21, 2014 6:41 pm

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Re: Able UK

Postby teesships » Sat Aug 02, 2014 6:11 pm

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Able UK continues huge Seaton Port investment

Postby Whickham » Thu Sep 11, 2014 9:01 am

Able UK has announced the next stage of its multi-million pound investment in its new facilities at Able Seaton Port.

The Billingham-headquartered company, which specialises in decommissioning ships and offshore installations, has received six self-propelled modular transporters (SPMTs), which will be used for moving large equipment, ranging from decommissioned offshore structures to wind turbines and foundations, together with other port-related activities and cargo.

The arrival of the SPMTs follows on from taking delivery earlier in the year of "Europe’s largest mobile harbour crane", as well as the order recently placed for a state-of-the-art rough terrain crane, built by the Chinese construction machinery specialists XCMG.

Able UK group development director Neil Etherington said: "We are investing around £25m in the continuing upgrading and expansion of facilities at Able Seaton Port.

"We are currently constructing new quays in preparation for our six-year contract to decommission four major structures from the Shell Brent oilfield in the North Sea, with one of the quays able to be used for structures of up to 48,000 tonnes."

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Able UK suffers profit drop

Postby Whickham » Tue Sep 16, 2014 11:04 am

Able UK suffers profit drop but remains confident about the future

Able UK has reported large drops in both turnover and pre-tax profit, but states that it remains "well positioned" to grow and expand.

Turnover at the Billingham-headquartered company, which specialises in decommissioning ships and offshore installations, fell to £12.1m for the year ending 31 December 2013, compared to the £18.9m reported for the same period the year before.

Pre-tax profit also fell from £1.18m in 2012 to £719,788 last year.

Despite the results, executive chairman Peter Stephenson remains confident about both the current position of the company and the future.

Writing in the strategic report, he said: "Throughout the financial year the director and management team have been engaged in securing future decommissioning contracts for the company and to this end have been very successful.

"Contracts have been secured to provide work until 2020."

A number of the contracts are for offshore marine structure projects, which Stephenson said was a sector that was "active in 2013 but at lower levels".

Investments are also being made in research and development, as well as attempts to "develop new business streams and markets", with a particular focus on the offshore renewable energy sector.

"In preparation for these works the company has committed significant investment in new plant and equipment," said Stephenson. "Further capital expenditure is programmed for 2014 which will underpin a significant growth in the company's activities and lead to a substantial increase in turnover and profits from 2014.

"The director and management do not consider there to be any specific risks to the business in the coming year.

"The company is financially strong and well positioned to grow and expand its markets and clientele in line with the current visions and expectations of management."

Stephenson added that the company is expecting to reach turnover levels of £28m for 2014, as well as "significant continued growth beyond that".

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Re: Able UK

Postby northeast » Wed Sep 17, 2014 7:08 am

Still Ready, Willing and Able then ..... :)
Cheers, George
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Re: Able UK

Postby E28 » Sat Jul 07, 2018 7:19 pm

HMS Queen Elizabeth and HMS Prince Of Wales.

In due course both the RN's new carriers will need to be docked and refitted.
There are only 5 sites in the UK where this work can be accommodated with existing facilities as at this date.

This list is strictly alphabetical with names as currently trading.
Able UK, Seaton Port, Teeside.
Babcock, Rosyth.
Cammell Laird, Birkenhead.
Cammell Laird, Inchgreen, Greenock.
Harland and Wolff, Belfast.

Each business can enter into a commercial competitive tender, consequently, this is strictly clarification and not open to discussion.

Additionally, Devonport could accommodate these carriers, the risks have been assessed and are positive, access being the problem. There are also dry docks World wide should an emergency arise.
Thats all folks. Sean.
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