JDR Cable Systems recognised for outstanding growth
Posted on 05.03.2009 - 11:00 UTC in GENERAL NEWS by Rons_ROV_Links
Cambridgeshire based JDR Cable Systems Ltd. has gained national recognition for its rapid growth with its recent accreditation in the Sunday Times Buyout Track 100
published 8 February 2009. JDR ranked twelfth on the annual list of 100 companies, and was the highest Original Equipment Manufacturer on the list.
The Buyout Track 100 recognises the UK's top 100 private equity-backed companies in order of the fastest-growing over the last two years. Profits rose 77 percent a year from 2006 to 2008. In 2007, JDR's chief executive Pat Herbert led a buyout, backed by Vision Capital Ltd.
JDR's managing director, Patrick Phelan, commented: "This recognition is a reflection of JDR's strategic expansion into new markets along with a strong commitment to supplying quality products and excellent service to JDR's traditional oil and gas, and seismic exploration markets. One significant area of growth has been the renewable energy market. With the development of a new deepwater quay side facility at Hartlepool Dock on the UK's east coast, JDR has positioned itself as the only UK specialist manufacturer of subsea power cables for the multiple offshore wind farm projects planned for the coast of Britain and the rest of Europe."
This investment paid off, when JDR was awarded a contract for over 200km of inter-array cables, including fibre optics and terminations for the world's largest offshore wind farm-Greater Gabbard. The cables will be supplied during the course of 2009 and 2010 from both the Cambridgeshire facility and from the new facility at Hartlepool Dock.
"While we are committed to strategic expansion, our excellent performance is an indication of our unique ability to gain strength in our core markets while also expanding into new markets," said Mr Herbert. "We look forward to entering the next stage of our development as we continue to make investments in the future growth of the company."
For further details of the Sunday Times Buyout Track 100 go to www.fasttrack.co.uk.