“We are well positioned to build on our reputation and experience”

All 17 personnel have been retained and the firm has plans to expand its engineering and production workforce in the coming months.

J&S Subsea is a global subsea energy controls company for new and recertified equipment.

The business will continue to focus on refurbishing, designing, manufacturing and engineering controls for the energy sectors and providing operational support where required.

Mr Blair said: “We are well-positioned to build on our reputation and experience in subsea controls and operational engineering support to drive the business forward in the UK continental shelf as well as overseas.”