£1m technology investment for Albion Drilling Group

£1m technology investment for Albion Drilling Group

Stirling-based Albion Drilling Group is set for success after a £1m machinery investment will help service its growing order book.

The seven-figure sum was used to buy two Atlas Copco D50 and two L6 drilling rigs for deployment on projects across Scotland.

Alongside adding new equipment, the firm has doubled its workforce over the last 12 months, due to major contract wins including the Aberdeen by-pass and M8, M73 AND M74 improvement works.

The firm, which celebrated its 30th anniversary this year, has also seen added to its Stirling base now operating from an East Sussex office too.

“With two big contract wins this year, we’re predicting turnover will reach around £9 million, which is a good result for us, but we’re always looking to improve,” said finance director Jamie Cleghorn.

“Currently we have a good presence in Scotland and the south, but there is a lot of opportunity for us to develop the business geographically and expand into the north of England. We’re actively looking at how we make that happen.

“The purchase of the new machinery has allowed us to complete large-scale works on significant infrastructure projects. It should also help us when tendering for more large-scale projects in the future.” 

Albion Drilling Group has been supported by funding from Clydesdale Bank.

Simon Kerr, head of Clydesdale Bank’s Customer Banking Centre in Stirling, said: “Albion Drilling Group has been with Clydesdale Bank for a number of years now and we’ve seen them expand considerably in that time.

“Their latest investment in technology demonstrates their commitment to continued growth over the coming years.

“As well as the considerable spend on the machinery, the firm has invested heavily in employment, creating over 20 new jobs and providing a significant boost to the local economy.“

 

If you’ve enjoyed this article, click on the link below to sign up for more similar stories in your region. 

Bqlive BQB Sign Up Button SC