Reflex Marine Reports 52% Growth

MarineLink.com
Wednesday, July 03, 2013
Philip Strong, chief executive and founder of Reflex Marine

Reflex Marine reported 52% growth in the last year through expanding global markets. Reflex said it has reached £5.8 million turnover, almost double its forecasted growth of 27% - with a profit before tax of around £1 million. Reflex Marine will donate 7.5% of its net profits (a record c.£56,000) to charitable causes via its not-for-profit Reflex Foundation.

Reflex Marine supplies crew transfer devices and associated services. Its main products are the FROG and TORO – capsules that hold between three and nine crew-members to transfer them safely between a platform and vessel using a crane. Its growth has been enhanced through a growing network of distributors and accredited service centers across the world, which now represents around half of the company’s revenue.

Philip Strong, chief executive and founder of Reflex Marine, said, “Over the past year we have focused on extending the level of support that we can offer to our global client base and we are delighted with these results, which have surpassed our expectations."

He added, “Our goal is to improve safety and professionalize marine transfer activities across the range of industries that rely on marine access, often in very challenging conditions. From our base in Cornwall we are positively impacting marine based crew logistics across the world and providing a safe and efficient alternative to helicopter transfers."

Asia and Europe represent strong markets for Reflex Marine’s products, collectively representing 64% of income. The company also exports to Africa, the Middle East, North America and South America.

Reflex Marine currently employs 26 people in its head office in Truro, Cornwall, and in Houston. The growth is expected to result in the creation of 10 new jobs – two in the U.S. and the remainder in the U.K.

reflexmarine.com

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Finance

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S. Refinery Workers' Contract Talks Moving Slowly

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company

Obama, Modi Aim High on India Trip

In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture

Marine Equipment

MSC Sinfonia Upgradation at Fincantieri Shipyard

Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

Subsea Crane Takes a Long Journey

Last September the test bed in Rostock was the stage of a single lift of the RL-K 7500 subsea crane. The same crane was then loaded and shipped to the South Korean customer.

Video: Coastguards Continue Great Lakes Icebreaking

Continued icebreaking operations from the U.S. and Canadian Coast Guards open maritime lanes for commercial vessels The U.S. and Canadian Coast Guards are

Deck Machinery

MSC Sinfonia Upgradation at Fincantieri Shipyard

Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

Subsea Crane Takes a Long Journey

Last September the test bed in Rostock was the stage of a single lift of the RL-K 7500 subsea crane. The same crane was then loaded and shipped to the South Korean customer.

Upgraded Winch Control from Rexroth

Bosch Rexroth has upgraded the electrohydraulic controller used on the company’s A4VSO and A4VSG hydraulic axial piston components, which function as secondary

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1944 sec (5 req/sec)