Makk Tec plans fresh growth in North East

19th May 2014

A well control equipment company specialising in rental, sales, and service to the energy sector is planning for a period of growth from its base in Peterhead after securing new banking facilities from Clydesdale Bank.

Established in 2006 Makk Tec operates in the oil and gas sector leasing and servicing wellhead and drilling offshore tools and equipment including subsea, drilling and pressure control, to companies operating both in the North East and internationally.

The company, which has been a bank customer for the last seven years, has secured facilities from Clydesdale Bank’s Business and Private Banking Centre in Aberdeen. The deal helped with the purchase specialist equipment to prevent blow out’s on oil and gas wells. The deal was delivered by business development manager, Tim Laundon.

Mike Harper, director at Makk Tec said: “The deal has enabled us to invest in highly specialised equipment which will both expand our product line and help drive growth.

“In the last seven years we’ve been carving out a reputation as a company people can rely on and we’re looking to build on our solid foundations.

“This current focus would not have been possible without the support of Clydesdale Bank which has worked closely with our team to help us realise our ambitions.”

Makk Tec is expected to enter a sustained period of growth with the company looking to increase its customer base. The company is expected to record turnover in excess of £1.5m for this financial year. In future, they are expecting strong annual growth which, could create up to six new posts created in the next three years.

Stephen Hepburn, Head of Clydesdale Bank’s Business and Private Banking Centre in Aberdeen, said: “The success of Makk Tec is a testament to the experience, drive and expertise shown by the management team, and represents all that is good about the entrepreneurial spirit of businesses in the North East.

“As we begin to see signs of economic recovery, Clydesdale Bank remains focused on investing in the growth ambitions of the local business community.”

Clydesdale Bank is currently holding a series of events to support local companies as part of Business Week (12th-16th May) which will see more than 250 customer-focused events staged at the Bank’s UK-wide network of Business and Private Banking Centres, including Aberdeen and Inverness.