Teesside energy, engineering and industrial infrastructure solutions business, px, has achieved national plaudits for the way it operates and maintains some of the UK’s most potentially hazardous assets.
The Stockton-based company beat other short-listed companies – Wood and Lionweld Kennedy – to win the Collaboration Award at the EIC’s (Energy Industries Council) award ceremony in London, where it was commended for its work in reducing costs and increasing efficiency at the major sites it manages across the country.
And the honour comes just days after the business broke into a league table of the UK’s top 250 performing private mid-market companies in terms of sales growth.
The px group was placed 235th in the Sunday Times Grant Thornton Fast Track 250, having driven up sales from around £80m to £136m and more than doubled profits to just under £5m over a three-year period.
The px group operates gas processing plants in Scotland and on Teesside; gas pipeline operations in the North Sea and power generating operations on Teesside, in Cumbria, Lincolnshire and in Wales.
It also owns and provides support services to partners at Saltend Chemicals Park in Hull and is supplying owner’s engineering (OE) and project management services on the construction of the world’s largest, new build, biomass combined heat and power (CHP) station at Teesport.
Established in 1943, the EIC is the leading trade association for companies working in the global energy industries.
A not-for-profit organisation, the EIC’s role is to help its member companies – which supply goods and services across the oil and gas, power, nuclear and renewable sectors – to maximise commercial opportunities worldwide.
The awards were established to recognise the strategies that member companies are developing to grow and flourish at home and abroad.
For the Collaboration Award judges specifically focused on companies who have demonstrated how partnerships can enhance efficiencies, reduce costs and enable new technologies and business development strategies to flourish.
px CEO Mark Kenrick said: “We are delighted to have received this award from the EIC. It reinforces our belief that the collaborative way in which we operate the assets under our control brings significant benefits to all parties involved – from asset owners and service and infrastructure customers through to our employees and shareholders.
“Our partners see the performance of their assets improve significantly as we drive down costs, whilst improving efficiency and delivering a better financial return, without compromising safety and environmental standards.
“One such example was North Sea Midstream Partners and px building upon a successful long term relationship at Teesside Gas Processing Plant to provide a proven and reliable operating model to enable them to be successful in bidding to buy Total’s St Ferus gas terminal in 2015.
“Following the successful transition of the facility and associated sub-sea pipelines operations to px, the site has delivered multi-million pound year on year savings whilst improving operational performance.
“Successful collaboration with clients has driven our ability to take on more work and to win new business and to take on more contracts which has enabled us to continue to grow – something we have done significantly over the past 17 years, increasing turnover from around £10m in 2001 to one that is now closer to £200m today.”
• Pictured above (left to right): px’s Greg Mitchinson, director of SHE, technical and risk management; Mark Kenrick, CEO; David Henderson, executive director; Sarah Cotten, commercial development manager and Patrick Pogue, director of business development at the EIC Award ceremony.