Hi-tech company has ‘weathered the storm’ of Brexit lockdown

A HI-TECH Dundee turbine component repair company has “weathered the storm” of 2020 as it looks towards new contracts and continued growth.

ATL Turbine Services saw turnover remain steady at £7.2 million for the year ending June 30 2020, despite the impact of the Covid-19 pandemic and Brexit uncertainty.

Pre-tax profit fell slightly to £1.1m, from £1.5m the previous year.

Based on Piper Street, ATL services the marine, civil aviation, defence aviation and industrial sectors.

It refurbishes latelife aero and light industrial turbine parts, giving them the same integrity and durability as new components.

This provides a costeffective alternative to purchasing new parts, which in some cases can be difficult to procure.

Chief executive Dale Harris said the firm had delivered a robust set of results for the year, although turnover and profitability were severely affected in the last quarter due to the pandemic.

He said: “This has been a hard year for many companies and I’m pleased that ATL has weathered the storm as well as we have.

“It was a stellar growth year, right up until lockdown in late March.

“We’ve had some great successes this year, not least being given a VicePresident’s Award from Scottish Engineering for outstanding achievement, of which we are very proud.

“Looking to the future, ATL has a healthy pipeline of work, excellent long-term customer relationships and we are in the final stages of securing a new contract win with a major original equipment manufacturer that will provide ongoing growth and job security.”

More than a third of revenue at the firm is generated from exports and ATL implemented a number of strategies to minimise disruption to trade due to Brexit.

The firm, founded in the early 1980s, has secured a number of recent contract wins.

ATL chief executive Dale Harris.