CONSTRUCTION of the flight decks for the Royal Navy’s new aircraft carriers and work on Irish Sea windfarm turbines helped Birkenhead shipyard Cammell Laird restore its turnover to levels seen a few years earlier.
In its latest accounts filed today at Companies House, Cammell Laird reported a 25% rise in turnover to £95m. The shipyard firm reported pre-tax profit of for the year to May 2012 of £10.3m, up from £9.1m the year before.
In its Directors’ Report contained the accounts the company said: “This was achieved as a direct result of the company’s growing reputation for delivering a cost effective quality service to ship owners and operators in the ship repair, conversion and military market place.”
Other highlights in the year include completion of Royal Fleet Auxiliary vessels Fort Austin, Black Rover and Wave Knight.
Other contracts completed include those for James Fisher Shipping, Seatruck Ferries, Isle of Man Steam Packet Company, Irish Ferries, Northlink Ferries and Maersk.
The company has recently commenced construction on two new builds for Western Ferries and a conversion for Orkney Council.
Cammell Laird revealed plans to enter the heavy engineering sector and will target bespoke offshore marine, energy and renewable energy markets.
The directors’ added that these latest results brought the business back to the level it achieved in 2008/09 and 2009/10.
The business is expected to continue to grow in 2012/13.