Ross-shire Engineering reports 71 per cent increase in revenue

A Highland-based water technology company has reported a 71 per cent increase in revenue from 2022 to 2023.

Ross-shire Engineering (RSE) – which is based in Inverness and has facilities in Muir of Ord – announced £198 million in revenue, which is up on £115 million the previous year.

Operating profit also increased to £14 million compared to £6.5 million in the prior year.

During the financial year, RSE acquired three specialist companies – DPS (Glenrothes), Greenacre (Dewsbury) and GPS (Bristol).

20 per cent of RSE’s growth was attributable to acquisitions, with the remaining 80 per cent achieved organically.

Iain MacGregor, RSE’s executive director, commented: “We have a strategy to modernise the water sector by pioneering new technology into factory-built and standardised water treatment facilities. This approach has proven to reduce construction schedules, enhance quality, provide greater cost certainty and have a positive impact on the environment.

"The growth in the year was attributable to growing established markets in Scotland and opening new markets in England, increasing demand for our products and solutions.”

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