REMOTELY-operated vehicle specialist Rovco has announced a record year for 2020, delivering £7.5 million in revenues – a 286% increase on 2019.
Last year also saw the winning of new contracts and growth of backlog that now stands more than £16 million reflected in future revenues.
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The company also saw dramatic growth in employees, rising from two in 2016 to 53 at the beginning of 2021.
Brian Allen, Rovco chief executive officer and founder, said: “2020 has undoubtedly been a challenging year for all of us in the energy industry.
“We have been lucky to have over 75% of our revenues coming from offshore wind, with this sector more than making up for any slowdown in oil & gas and decommissioning.
“With Rovco now involved in almost 50% of the UK’s offshore wind farms we look forward to leading the way in delivering innovation, reducing risk, supporting smart asset development and bringing greater efficiencies to marine projects in 2021 using autonomous, subsea and aerial robotics.”
