An expanding North-East energy, engineering and industrial infrastructure business has jumped up a league table of the UK’s top performing firms.
Stockton-based px is up to 106th from 235th a year ago in the list of 250 British, private mid-market growth companies with the most impressive sales.
The listing, in The Sunday Times Grant Thornton Top Track 250, comes as a result of turnover increasing by 70% to £230.7m and profits rising by one third to £6.6m in the last financial year reported.
Chief executive officer Geoff Holmes said: “This is further evidence of our successful growth strategy, which is driven by the leadership, commitment and skill of our people across the business.
“It is tremendous to have received this national recognition for the work we have been doing to expand and diversify our business, all of which provides us with firm foundations on which to build further growth.”
The company operates major gas processing plants near Aberdeen and on Teesside, gas pipeline operations in the North Sea, power generating operations on Teesside, in Cumbria, Lincolnshire and in Wales.
It also owns and provides support services to partners at Saltend Chemical Park in Hull, while an energy trading division – E24 – manages energy buying and selling on behalf of clients, as well as services relating to industry ICT and administrative activities.
px is a fully integrated energy infrastructure solutions business that delivers improved operating performance for industrial facilities.
Established in 2002, it employs over 500 people and provides work for up to 1,000 further contractors operating maintaining and managing high hazard facilities across the UK.
These include gas processing, gas and renewable energy power generation and support services to chemical processing partners. It also provides an energy trading and optimisation service in the UK.