Growing success for firm who took on Buckie Shipyards

The company who bought Buckie Shipyards out of administration last year has posted increased profits in its latest accounts.

Macduff Shipyards took over the troubled Buckie yard after it had been forced to close with the loss of over 70 jobs in August, 2013.

Many of the assets of the failed company were snapped up by the Aberdeenshire firm – including the main fabrication building and machinery.

Now the firm say that their turnover increased by £1.5million to £16.8million in period to February 28 this year, with pre-tax profits of £1.55million, up from £1.04million in the previous year.

Managing Director John Watt said diversification was at the root of the improved figures: “The yard is busy with several new-build projects ongoing and regular refit and repair work carried out on fishing vessels, oil standby vessels, fish farm barges, work boats and ferries.

“We continue to invest heavily in our business and people, while at all times being absolutely committed to providing our customers with a first-class service.”

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