Bright future for engineering company as turnover rises

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Multidiscipline consulting group IKM has won a raft of new contracts worth a multi-million pound sum in the past six months.

The firm has just signed a two-year contract with Petroineos to provide civil and structural engineering, surveying, and environmental support to the crude oil company’s Grangemouth refinery.

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The deal comes after the business, which employs over 80 people, secured a contract with Loch Lomond & The Trossachs National Park, to undertake the feasibility study for a potential new £300k bridge and associated upgrade of footpaths and car park at Falls of Leny, outside Callander.

Partnering with Burnley based LITE Ltd, a specialist architectural lighting firm, also helped IKM secure a £5m five-year contract at the end of last year, to provide the electrical infrastructure design element to the Perth City of Light Action Plan.

With turnover remaining steady at £5.7m (end of March) IKM now projects that figure will rise by at least 10% over the next three years thanks to the new work.

David Taylor, Managing Director, IKM Consulting, said: “Working with Business Gateway Falkirk on our business strategy last year was a breath of fresh air. We’re celebrating our 20th anniversary this year and although our business is very successful and firmly rooted in oil and gas, we realised that our highly skilled workforce can lend their skills to a much broader variety of projects within new sectors. What these new contracts allow us to do is showcase those skills to these new industries.

“Without Business Gateway’s input we would have struggled to come up with a framework for our business strategy ourselves, and being put in touch with The Leadership for Growth programme inspired the creation of an internal leadership team that is focussed on driving interdepartmental efficiencies through collaboration.

“Lorraine Taylor, our adviser, helped us access support and funding to develop our new strategy which will make our business more sustainable long term.”

Lorraine Taylor, Business Gateway, said: “IKM Consulting is an established firm that turned to us for support to put in place new structures that will help facilitate future growth. By coming to us, David and his new management team have been able to benefit from our Growth Advisory Service and our connections to Scottish Enterprise which helped them access tailored support through a strategy workshop and the organisational development programme.”

Established in 1997 by Chairman, Ian Maclachlan, as a civil engineering and environmental consultancy working in oil and gas, the firm started working with the likes of BP before expanding into land surveying, building services, geo-environmental and, most recently, visual solutions.

Following a rebrand two years ago, the company took on a dedicated business development manager, Eddy Winters, in 2017, which coincided with David Taylor taking over the reigns as MD. Last year the business won ‘The Best Large Business’ title at The Falkirk Herald’s Business Awards.

Mr Taylor said: “The business has gone through significant change in the last three years and our new business strategy provides us with a clear plan and focus, using our credibility and highly skilled teams to secure more work not just in Scotland but across the UK and Europe.”

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