Craig International Reports Increase in Turnover and Profit

Craig International Reports Increase in Turnover and Profit

Craig International has reported a 17% increase in turnover and a welcome return to profit in its accounts for the year ending April 2022.

The global procurement specialists to the energy industry reached a turnover of £116m, compared to £99m in April 2021, a financial year severely impacted by the pandemic.

The accounts lodged by Craig Group Limited, the holding company for Craig International and its subsidiaries around the world, also reveal operating profits of £1.08m.

Chairman of Craig Group, Douglas Craig, said: “As anticipated, we bounced back quickly from the previous Covid-hit financial year and are on track to deliver another strong year with increased activity across Europe, the US, South Africa and the Middle-east.

“Our market-leading position and reputation have enabled us not only to retain and grow existing business but also to win new business in all our locations around the world.

“By offering an end-to-end procurement solution, combined with our innovative e-platforms, we are continually delivering efficiency and quality in a sustainable way.

“Our approach, through a suite of sustainable and technology-driven procurement platforms, have been major factors in recent business wins, underlining the growing recognition in the industry of the major role procurement can play in reducing carbon emissions.”

Last year, Craig International reported extending its reach in the Middle-east from operations in Oman, Dubai, Qatar.

This financial year, the procurement specialists are exploring opportunities in Australia and South-east Asia to further extend their global footprint.

With almost 130 staff, Craig International has a global network of pre-qualified suppliers, and over 80 procurement specialists in eight countries, providing cost-effective and efficient third- party procurement. With bases in the UK, Cape Town, Canada, Qatar, Oman, the UAE, Germany and the USA. Craig International provides a truly global service to the energy industry.

Published: 22-12-2022