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ATL secures £5m contract following investment programme
ATL Turbine Services, a Dundee-based turbine component repair company, has shrugged off Brexit concerns and posted another strong set of results for its financial year ending June 2019.
Sales grew to £7.2m, up by more than 10% on the prior year, and pre-tax profits rose to over £1.5m. Staffing numbers in the period also grew, up by 16% to 78 people.
ATL offers a broad range of specialised component repair capabilities and works across the defence aviation, civil aviation, industrial and marine sectors with exports accounting for around 30% of sales.
ATL Turbine Services has secured a £5m contract following a major programme of investment / Picture: Sharing in Growth
ATL has been working with Sharing in Growth, the business effectiveness and lean programme funded by industry and the Regional Growth Fund, for the last two years. This has helped the company to secure a significant five-year contract with a major aerospace OEM, estimated to be worth £5m over the contract term, which will result in additional recruitment over the coming months.
Dale Harris, chief executive for ATL, said: “ATL continues to deliver robust financial performance and sustainable growth. Over the last 12 months, we added new clients to our portfolio, recruited 11 new employees and continued a major programme of investment in our facilities and process equipment. I’m particularly pleased that we further developed and grew our international sales despite the constant uncertainty surrounding Brexit.
“It’s thanks to the dedication and customer focus of our team that we continue to grow and perform as we do. ATL continues to demonstrate a healthy pipeline of work, has excellent long-term customer relationships and remains well positioned for ongoing growth.”