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Wozair based in Gillingham supply to the oil and gas industries

Wozair based in Gillingham supply to the oil and gas industries

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Wozair in Gillingham thriving thanks to glowing profits

Wozair based in Gillingham supply to the oil and gas industries

Wozair based in Gillingham supply to the oil and gas industries

Wozair, who supply and design ventilation and air-conditioning systems for the nuclear, oil and gas industries has reported glowing profits.

The Gillingham based company, which celebrated its 20th anniversary this year, has had its “most successful year” following a management buyout which has seen the company grow from 15 staff in Kent to an international business with regional offices in Singapore, Houston, Dubai, Busan and Brisbane, employing 163 staff.

Pre-tax profits grew to nearly £4 million last year, up from £2.7 million, while turnover reached £35.2 million, up from £32.2 million, according to its latest accounts. Exports to the Far East are the company’s biggest source of income, with revenues of £23.3 million.

In 2015 the firm bought the long lease on its 6.55-acre headquarters in Gillingham, which provides 83,000sqft of manufacturing and office space. Since then the site has undergone a £1.5 million upgrade including a £500,000 new laser machine and other machinery.

These improvements were paid for with the help of an interest free loan of just over £1 million from the Government’s Regional Growth Fund, handed out by the north Kent-focused TIGER scheme.

The company has also bought its US premises in Houston.

Joint-owner Simon Collins said: “2014 has been another big year for Wozair and we’ve had our most successful year (again).

“During the year the group continued to focus on its core business areas – specialist ventilation equipment to the on and offshore oil and gas, UK nuclear and marine industries.

“The group continued to market its products and services on a worldwide basis through its network of overseas regional offices, as well as participation in various home and overseas trade shows.

“Despite the recent fall in oil price there continues to be strong market activity with major long-term projects in many locations around the world.

“This has enabled the group to secure some major oil and gas projects that provides a strong order book of £33 million.”

Wozair are also featured in our case study section, click here for more.

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