This article appeared in the Herald Newspaper on Monday 29 January 2024
Glasgow-born Jim Beveridge is the chief executive officer at ICR Group.
With its headquarters in Aberdeen, ICR is a global technology-focused provider of specialist maintenance, inspection and integrity solutions across multiple industrial sectors. The firm recorded a 20% rise in turnover for its latest financial year and it expects to exceed that figure this year.
ICR supports clients with their asset integrity challenges, reducing time and costs. It also has a ‘drones’ division, Sky-Futures, a worldwide leader in unmanned aircraft and remote sensing operations. This part of the business plays a key role in addressing issues related to emissions.
Demonstrating a robust commitment to sustainability, ICR employs pioneering techniques that significantly contribute to the net zero goals of its clients.
What is your business called?
ICR Group.
Where is it based?
Aberdeen, Carnforth, Hemel Hempstead, Stavanger (Norway), Houston (USA), Abu Dhabi (Middle East), Perth (Australia). ICR has partnership agreements in 25 countries, where we train the local workforce to deliver engineering projects. This helps to reduce the carbon footprint.
What does it produce/do?
ICR specialises in cutting-edge maintenance, inspection and integrity solutions. We are playing our part in the transition to a lower carbon future across multiple industries and international markets.
For example, Technowrap provides life-long repairs that can be applied to internal, external and through-wall defects on complex geometries, while INSONO is an unique NDT (non-destructive testing) technique for the inspection of engineered composite repairs. The Technowrap repair system reduces emissions by 66% compared to the traditional replacement methods.
To whom does it sell?
Clients from a broad range of sectors count on ICR to support engineering projects. These include oil & gas, renewables, defence, nuclear, telecommunications, process industries, utilities and infrastructure and other markets.
What is its turnover?
Turnover for our 2022-23 year-end was £41.7m – a 20% increase on the previous financial year. The aim is to hit £50m in 2024 and I’m confident we will achieve this.
How many employees?
268. We’re looking to add to the team.
Why did you take the plunge?
The chance to create long-term sustainable jobs and to continue to grow a business across an international footprint was an extremely attractive proposition. The CEO role at ICR was an opportunity to put my own stamp on things, and lead from the front. I was previously with a global engineering and consulting business with more than 35,000 employees.
What were you doing before?
Senior vice-president, Asia Pacific Central at Wood plc. I enjoyed my 19 years with them. I joined ICR as CEO in April, 2022. It’s been an interesting career journey since growing up in Govan.
What do you least enjoy?
Jet lag. The novelty of long-distance travel wore off a long time ago!
What are your ambitions for the firm?
It’s vital we continue to be a sustainable business. We are diversifying into new sectors and continually looking at new opportunities. The aim is to create long-term jobs and significantly grow revenue and profitability year-on-year. As well as organic growth, we are also looking to expand through acquisitions.
What single thing would most help?
Continued product development is key. We must always be a forward-thinking company – one able to move with the times and not be reliant on one region, product or industrial sector. For example, we are working with Robert Gordon University on a number of innovative solutions.
What is the most valuable lesson you have learned?
You can’t stand still in business, you need to keep looking to improve. As Albert Einstein said: “Insanity is doing the same thing over and over again and expecting different results.’”
You’ve got to change it up. Also, I’m very appreciative of the people I worked beside when I started my apprenticeship on the Clyde with marine and mechanical engineering firm Hutsons.
Many of my colleagues were working class and extremely intelligent. They came from a generation where university wasn’t really an option. I’m always grateful for their time and advice. It was my university of life experience; one which led to me eventually going on to gain a degree in aeronautical engineering from the University of Glasgow.
Where do you find yourself most at ease?
On the golf course or watching football with lifelong friends.
If you weren’t in your current role, what job would you most fancy?
I used to think being a chef would be good, but it looks like it would take a huge amount of effort to really do it to a high standard.
What phrase or quotation has inspired you the most?
“Everyone I pass on the way up I’m going to meet again on the way back down.” Treat everyone the way you would want to be treated yourself.
What is the best book you have ever read? Why is it the best?
Who moved my Cheese? It’s a business book by Dr Spencer Johnson. It’s a simple, short story that illustrates how people must embrace change and should adapt to new situations with an open mind and a motivated spirit.
What has been your most challenging moment in life or business?
In my previous role we had more than 1,000 workers that couldn’t leave a number of offshore installations in South East Asia due to a major Covid outbreak. There was a great deal of responsibility on myself and my colleagues to ensure we looked after the well-being of the team. The way everyone pulled together was a sight to behold and all worked out well in the end, but it was a huge logistical challenge. The health and safety of your team should always be your priority.
What do you now know that you wish you had known when starting out in your career?
Embracing failure as a learning opportunity; it’s an essential part of growth and innovation.
This article can be found online here – https://www.heraldscotland.com/news/24078257.university-life-stands-govan-raised-engineer-good-stead/
ICR Group has recorded its highest turnover since the business was launched in 2011 – with the Middle East playing a key role in the firm’s success.
ICR, a technology-focused provider of specialist maintenance, inspection and integrity solutions across multiple sectors, has seen increased demand across its core energy sector operations, following the roll-out of an internationalisation strategy and diversification into other sectors.
The UK firm’s turnover for its 2022-23 year-end was £41.7m, a 20% increase on its previous financial year. Headcount has increased globally by 15%, from 204 to 235, since May 2022, and the company expects to create around 50 jobs across its operations during the next phase of its strategy.
Jim Beveridge, Chief Executive Officer at ICR, said: “Our presence in the Middle East has been particularly noteworthy, with recent high-value projects completed in the United Arab Emirates, Qatar and Saudi Arabia. We have also solidified our presence in the region by appointing a new partner in Abu Dhabi.
“Our ongoing international expansion not only bolsters our long-term sustainability but also plays a vital role in creating meaningful and enduring employment opportunities, rightly positioning us as a contributor to the energy transition.
“The Middle East is a dynamic market, brimming with potential for innovative companies such as ICR. At ADIPEC, we are eager to foster deeper relationships with our partners and engage with organisations striving to achieve their net-zero objectives. With COP28 on the horizon, our industry must remain steadfast in its commitment to facilitating a just transition toward a lower-carbon future.”
ICR’s established technological solutions continue to play a significant part in its growth. Technowrap provides life-long repairs that can be applied to internal, external and through-wall defects on complex geometries, while INSONO is an innovative NDT (non-destructive testing) technique for the inspection of engineered composite repairs. The Technowrap repair system reduces emissions by 66% compared to the traditional replacement methods.
Quickflange offers cold work solutions with weldless, high-performance flange-to-pipe connections. It provides a permanent repair option for improving pipeline integrity and flow assurance, eliminating the need for welding or hot work. ICR’s drone division, Sky-Futures, has also secured further international work.
NAMA Development Enterprises is ICR Group’s sponsor in Abu Dhabi, while its new execution partner in Abu Dhabi is APS.
ICR Group and NAMA Development Enterprises will be exhibiting at Stand 6210 at ADIPEC.
ICR Integrity’s chief executive, Jim Beveridge, looks to keep the firm “relevant” by looking to the energy transition.
“I strongly believe that as a business standing still is not an option,” he told Energy Voice.
“The energy transition is moving at a rapid pace, and you really need to be part of that solution rather than perceived to be part of the problem.”
The ICR chief executive believes in moving with the times as the energy sector, along with the rest of the world, looks to reduce emissions and reach net zero goals.
Mr Beveridge explains the importance of evolving and not becoming “a Kodak and don’t change, then you can lose market position.”
He explains: “I’m genuinely passionate about trying to make this business sustainable in the long term, to create jobs that are going to be lasting and meaningful and being part of the energy transition.”
From ambition to action
Ambitions of supporting the energy transition are a great thing, however, it is action that will see the industry reach emissions goals. ICR understand this and has developed products to help reduce the North Sea’s impact on the environment.
The north-east firm is producing “Greener resins”; working with Robert Gordon University, ICR has produced a product that is 30% plant-based.
This development reduces the emissions created during the firm’s manufacturing process.
The company boss said that all his business’s products are being “approved by Lloyds so that we’ve got proper third-party accreditation for what we’re saying that we’re doing.”
ICR Integrity has a base in Bridge of Don, Aberdeen
ICR has also developed a ‘Technowrap’ composite repair which can offer a client a 66% saving in carbon by opting for this over a conventional welded type, according to Mr Beveridge.
“Our Quickflange product offers a 40% reduction between a conventional welded defect repair and the cold work one,” Beveridge added.
This patented tool enables the firm to provide pipeline repair without the use of welding. The process involves locating the source of a leak, cutting the area out and sliding a modified standard flange over the pipe end.
From there the firm’s Quickflange connector will then be attached to the pipe end where the cone of the tool extends allowing the segments to warp into the groves of the flange.
The tool is then reversed, finishing the installation and creating a gas-tight seal.
Not leaving oil and gas in the lurch
The development of greener technologies to reduce the carbon footprint of both its own manufacturing and the emissions created by its customers is important to ICR and its boss, however, Mr Beveridge made it clear “We’re not exiting hydrocarbons. I just want to be seen to be part of a solution.”
He said that when he took over last year 85% of business was coming from oil and gas “I’m trying to take the business into maybe a more 60-40% basis,” the boss explained.
The chief executive says that he would like to be sitting close to this goal within three years.
That being said, Mr Beveridge returned to the point of not turning his back on oil and gas, explaining: “I’m not going to give up the opportunities that exist in existing markets.”
Jim Beveridge says that his ambition to increase the representation of renewables customers in the list of ICR’s clients was welcomed by the team.
He said: “It’s a team that drives change, I can steer the ship and point us in the direction, but it’s a team that ultimately goes and delivers that.
“The message has been sold to the team about what this means for the business.
“We’re creating a long-term sustainable business where the synergies are for how we operate in efficiency and then how we can look cross-sell our products across what would have been those defined service lines.”
Who is Jim Beveridge?
The ICR boss took over the engineering firm in April 2022 after leavening Wood following almost 19 years of service.
His most recent role with Wood saw him stationed in Brunei where he assumed the role of senior vice president for Asia Pacific Central.
He has also worked in roles where he was responsible for operations in Africa, and he held a business manager position while based in Aberdeen.
Mr Beveridge explains that due to his previous positions at he has “a large international footprint” and when he got the top job at ICR, this was something the firm was looking for.
“They were looking for someone who could support further in the internationalisation of this business.”
The ICR boss added that throughout his tenure, he looks to ensure that his brand remains relevant throughout the transition and grasp the opportunities coming from “future markets.”
To read the article on Energy Voice, click here