Great-Yarmouth based 3sun Group has reported a turnover of £13.7 million for the financial year 2012/13.
The instrument and control product supplier’s turnover increased almost three-fold from 2010/2011, going from £2.4million to £6.5million, and almost doubled from 2011/2012 with an increase to £11.4million.
3sun says its projected turnover for the 2013/14 financial year is on track to be £25 million, following the recent acquisition of RRC Controls Services, a manufacturer of subsea control systems for the offshore oil and gas industry.
Graham Hacon, managing director at 3sun Group, said: “The company has grown steadily and significantly throughout its six years in operation. Due to the impressive financial outcomes of the past few years, we have used 2012/13 to re-invest some of the company’s funds into increasing 3sun Group’s capabilities and global presence. This is in order to reach a number of future milestones, and will be highly beneficial in the long run which is evident from our 2013/14 financial predictions.
“Our relationships with current and prospective customers, and what we can offer them, remains at the forefront of all that we do. A fundamental part of the decision to open new bases (in Denmark and Germany) was to ensure that we are working closely with our clients in the regions in which they operate, and maintain these strong working relationships.
“We also remain focused on our headquarters in Great Yarmouth, having invested £500,000 in new purpose built premises in the region. We currently have plans to add 40 employees each to our Great Yarmouth and Aberdeen bases. We look forward to continuing to support the local economy and providing employment opportunities in the regions.”