Good News22 Apr 2021 14:32
The business, which is part of the Tekmar Group of companies, saw its turnover jump from £4.8m for the 15 months ending March 31, 2019, to more than £8.8m for the 12 months ending March 2020.
At the same time, Subsea Innovations managed to boost its operating profit to eight times its 2018/19 figure. Operating profit at the company jumped from £40,000 to £346,000.
Profit after tax came in at £340,000 for the year, up from £152,000.