Accept Cookies?
Provided by OpenGlobal E-commerce

Resilient performance by ICR Integrity

ICR Integrity (ICR), a leading global provider of integrated maintenance and integrity solutions to the oil and gas, power, defence, nuclear and renewables industries, has posted its annual results, (year ending May 2020), reporting revenue of £33m representing a 5% increase on the previous year.

Underlying earnings before interest, taxes and amortization (EBITDA) was £6.4m (FY19 £7.7m) reflecting the impact Covid-19 had on UK trading volumes in April and May 2020.

The financial statements demonstrate ICR’s expanding global footprint – revenue from non-UK markets increased to 52% from 43% the previous year.  Notably, the firm’s successful joint venture in Australia increased its turnover for the year to £7.7m (up from £4.7m) highlighting ICR’s expanding international presence which continues to be a focus of investment. During the pandemic, the business successfully launched online training for international customers and partners to mitigate the impact of travel restrictions.

Alan McQuade, Chief Financial & Strategy Officer, ICR, said: “The financial results reflect a challenging period, especially for our UK operations as the pandemic started to impact trading conditions, however we have performed resiliently, maintained headcount and are delighted to report a record month in May 2021 with EBITDA in excess of £1.2m.

Our performance over the last 15 months has been underpinned by our global footprint and broad service offering and investment in the year ahead will be focussed on taking our services to new international and industrial markets, augmented by the OMNI integrity management software launched earlier this year.”  

ICR operates in global locations including Europe, MENA, Australia, ASEAN and North America with a total headcount of 200. 

-ENDS-

INTEGRATED MAINTENANCE & INTEGRITY SOLUTIONS

News & Events

Stay up-to-date with all the latest news and events at ICR.

* indicates required

ICR Integrity Ltd will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please let us know all the ways you would like to hear from us:

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at external.communications@icr-world.com. We will treat your information with respect. For more information about our privacy practices please visit our website. By clicking below, you agree that we may process your information in accordance with these terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Cyber Essentials Plus
Cyber Essentials Plus
ADNOC - ICV In-country value certified
INTEGRATED MAINTENANCE & INTEGRITY SOLUTIONS
© ICR Integrity Ltd 2020 Registered Office: Units 57-59 Elmsfield Park, Holme, Carnforth, Lancashire, LA6 1RJ Company No. 07602331
Design & Build: Imajica Brand Evolution