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PSP set to double commercial shipments in 2015
PSP is on track to double the number of commercial boats it has shipped for a second consecutive year.
The worldwide logistics firm made the announcement on June 16 at Seawork, the largest and fastest-growing international commercial marine and workboat exhibition and conference held in a European working port environment.
PSP is picking up the gauntlet thrown down by the UK Marine Alliance to urge greater cooperation across the marine industries to see its value to the UK economy rise from £17 billion to £25b a year by 2020.
Managing director Frank Dixie said: “If the UK marine industry rises to the challenge there could be huge growths in exports, meaning logistics companies like ours need to be lean, fast and ready to move quickly. PSP‘s roots lay in the commercial marine industry and we
want to support the companies around us by safely shipping their goods and making sure their hard work reaches customers around the world.“
‘If the UK marine industry rises to the challenge there could be huge growths in exports, meaning logistics companies like ours need to be lean, fast and ready to move quickly‘
Among the commercial boats PSP has transported so far is Strategic Marine‘s world- first multi-purpose vessel. The StratCat Njord Odin has the very first commercial quad IPS installation on a vessel, with the distinction of being the first IPS quad fitted on a catamaran. It also has the world‘s first IPS version 900 quad installation on any vessel.
MeasureMyEnergy granted funding from FSE Group and Enterprise M3
A Hampshire business looking to create new jobs while having a positive impact on the environment has successfully secured £400,000 of funding to help realise these goals.
MeasureMyEnergy, which is relocating to the Winchester area, has developed proprietary technology which enables companies to measure the amount of energy they are using. The technology includes both hardware and software which combine to give a detailed and sophisticated account of utility consumption.
High energy prices, coupled with legislation pressures, have resulted in an increased need for businesses to ensure their energy usage is fully auditable. MeasureMyEnergy offers this to a highly specific level, allowing customers to view exactly where their energy is being used, right down to a circuit or appliance level.
The company, which has just entered its fourth year of trading, has gained a stream of high-profile clients in the UK including
Hilton Hotel Group, Royal Opera House, some well-known retailers and a high street bank and is now seeking to replicate this success internationally.
CEO Ben Murphy said: “MeasureMyEnergy was borne out of my frustration at unaccountably large energy bills. I wanted to be able to answer the basic question of what, exactly, was consuming the energy that I was using. After a period of research and development I had a system that was capable of answering this. It is clearly a question that many businesses wish to resolve and we have already experienced high demand for our technology. We are now ready to grow the business to meet this demand worldwide, and are excited to have gained the finance we need to accomplish this.“
The FSE Group, which manages a series of funds to support businesses during different stages of their growth, is now supporting MeasureMyEnergy with a £200,000 Enterprise M3 Expansion Loan, together with a further
PSP was appointed to transport the vessel from Singapore to Rotterdam, where it will be used by Njord Offshore as a windfarm vessel.
PSP has also transported Alamarin Jet‘s demonstration vessel HTech A25 Cabin across Europe for a busy season of marine exhibitions. Among the destinations PSP has shipped the 8.5m aluminium vessel to and from are Finland, Spain and Portugal. The workboat is currently on display at Seawork this week, having been seafreighted to the UK by PSP.
Dixie added: “The commercial marine industry continues to go from strength to strength and the evidence of that is right here today at Seawork as we see a packed exhibition from companies across the sector.
“In turn demand for our commercial marine services is growing and we are proud to be on track to double our commercial shipments once again in 2015.“
£200,000 South East Sustainability Loan, which is available to companies developing or selling a product or service that looks to reduce carbon emissions.
The escalator provides eligible companies with loans and equity funding for activities that will deliver high-growth and employment opportunities
These funds will enable the company to achieve the planned growth through various activities including office relocation and hiring of new staff. Around 30 new jobs will be created initially, with an intention to make this around 100 overall in 2017.
The Enterprise M3 Expansion Loan Scheme is part of the Enterprise M3 Funding Escalator, a £5.5 million initiative funded by Enterprise M3 Local Enterprise Partnership. The escalator, which also includes a growth equity fund, provides eligible companies with loans and equity funding between £50,000 and £200,000 for activities that will deliver high-growth and employment opportunities.
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THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – JULY/AUGUST 2015
Myles & Slash on the roof of the Houses of Parliament for Warner Music
www.businessmag.co.uk
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