Towie Barclay Works Campus News

ACE Winches announced post tax profits of £6.2m for 2012, a 15% increase on the previous year. Turnover at the Aberdeenshire-based group soared to £31.1m in the year ended October 31, 2012, a 42% increase on the previous twelve months, with around three-quarters (74%) of the company’s business generated from international trade. ACE Winches is a company in the design, manufacture and hire of winches, marine deck machinery and the provision of associated hire personnel for the offshore oil and gas, marine and renewable energy industries.

ACE Winches announced profits of £4.8 million (after tax) based on a 30 per cent year-on-year increase in turnover. The Aberdeenshire-based company reported that turnover for the year-end October 31 2011 increased to £21.9 million from £16.8 million the previous year. Profit increased from £4.2 million in 2010. ACE Winches continued strong showing in the export market, realising 74% of turnover from international activities and sales. ACE Winches has also continued to invest in…