A string of deals worth up to £10m is set to create further growth and jobs at utilities infrastructure specialist, Fastflow Energy Services (FES).
The business, which is part of the Washington headquartered Fastflow Group, has secured four contracts on the National Grid’s asset health programme and another as a Tier 2 Framework partner on the capital investment initiative.
It also beat rival firms to win the high profile Heads of Valley A465 gas pipeline diversion project near Tredegar with Wales and West Utilities, on behalf of the Welsh Assembly.
There are also two further tranches of work with the Northern Gas Network.
When FES was launched in 2012 it had just 20 employees, specialising in upgrading and diversion works on the gas transmission and distribution system, as well as security improvement projects on both gas and electricity sites.
The division, which is forecasting turnover of £12m this financial year, now has 120 employees and managing director Tony Cottrell is planning further recruitment following the contract wins.
He said: “This marks a fantastic end to a very successful financial year and puts the business in a strong position to exceed the turnover targets set when it was established less than three years ago.
“We anticipate that work on the nation’s gas and electricity networks will continue to grow over the next few years and we are extremely well placed to secure a significant proportion of this as an approved supplier to the asset owners.
“This will create further job opportunities, not just at our Cheshire offices but in all parts of the country where we secure projects.”