The results mean that the company achieved its goal of surpassing £9 million in turnover for 2017. For 2018 it has set its sights on the symbolic milestone of £10 million.
APEM’s managing director, Dr Adrian Williams, said: “Credit for these sterling results must go to our dedicated staff, our superb clients and also to our continued belief in the value of independent advice based on scientifically robust data.
“I’m incredibly proud that we’re again ahead not only of the consultancy market in general, but also of our own business plans.”
The company continued to benefit from its place on framework agreements with seven of the country’s water utilities, including its work on water resource management for Severn Trent Water.
Dwr Cymru Welsh Water meanwhile praised the company’s work on the largest programme of scientific coastal investigations ever undertaken in Wales.
Earlier in the year APEM revealed that it had reached the milestone of working for all 11 of the UK’s water and wastewater companies.
The company’s ornithology and remote sensing divisions also recorded positive results, fuelled by rapid growth in overseas income and expansion into new services such as onshore cable route surveys, as well as by successes in established UK markets for offshore wildlife surveys.
From a standing start in 2012 overseas income reached over £1.2 million in 2017. Major projects include the world’s largest digital offshore wildlife surveys off the coast of New York, as well as major surveys off the coast of North and South Carolina.
The company further credits its growth to recent investment in improved management and accounting systems. The new SAP-based system has enabled managers to measure costs and competiveness in real time and make effective and timely decisions.
Along the way the company also recorded a perfect score in its annual audit for the Achilles procurement qualification, the influential measure of quality across key business functions such as health and safety, environment, IT and corporate responsibility.
Adrian Williams said: “With demand returning to the market in recent years, APEM is in a stronger position than ever.
“I’m confident that this time next year I’ll have the pleasure of announcing turnover in excess of £10 million for the first time.”
If you have any queries, please contact Dr Adrian Williams, Managing Director.
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