Engineering firm RSE, with bases in Muir of Ord and Evanton, reveals 30 per cent increase in revenue
A RAPIDLY-growing engineering firm with its roots in Ross-shire has posted results showing a 30 per cent increase in revenue.
RSE, the UK's leading provider of modular and sustainable water treatment solutions, has
released its financial results for the year ending March 2024, showing a 30% increase in
revenue to £257.2 million (2023: £197.7 million).
The firm has engineering and manufacturing facilities in Evanton, Muir of Ord, Inverness, Glenrothes, Dalgety Bay, Cumbernauld, Darlington, Dewsbury, Leeds, Nottingham,
Basingstoke, Great Yarmouth, Southampton and Bristol.
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Operating profit also grew to £19.9 million in the period (2023: £13.9 million) strengthening RSE's
position as a market leading technology provider to the water sector. While the business has
seen growth in all territories, RSE says its capabilities are now widely recognised across England and Wales, building on the strength of proven expertise and client relationships in Scotland.
It says its ability to innovate and deliver industry-leading products and solutions “has fostered new
customer partnerships across municipal and industrial markets, generating strong demand for its
offerings among all clients”.
This expansion, combined with strategic acquisitions, “marks a significant shift for RSE as its footprint across the UK grows beyond established Scottish roots”.
The company completed two acquisitions in the period to further strengthen capability, although the majority of the growth in the period was organic, linked to RSE's strategy to increase revenues
across the English municipal water companies.
To support growth, all the company's retained profits were reinvested in product development and innovation, leading to a step change in its offering to the water technology sector.
This included the launch of new modular water treatment plants featuring an 85% reduction in
CO₂ emissions over traditional solutions. RSE declares itself to be at the forefront of driving efficiency across the UK's water sector.
Stephen Slessor, RSE's chief executive officer, said: "Our focus on driving innovation, sustainability, and creating strong customer partnerships, has delivered significant organic growth in England and Wales, establishing this as a thriving region and a cornerstone of our future success. By combining modular engineering, cutting-edge technology, and sustainable practices, we are transforming how water treatment facilities are designed and delivered, creating tangible environmental and economic benefits.
"We are excited about the future as we continue to scale our operations, invest in new products,
develop talent and lead the industry toward a more sustainable future."
RSE is describes itself as a clean water technology company, developing products, solutions
and services for purifying drinking water, recycling wastewater and cleaning water in industrial
processes.
Amongst its portfolio of live projects is Hampton Loade in South Staffordshire, England. When complete, the firm says the plant will be the world's largest ceramic membrane facility for purifying water, designed and delivered in less than half the time of traditional solutions, with a significantly lower carbon footprint, while also ensuring complete cost and time certainty for the client.
RSE is headquartered in Scotland with employees spread across the UK, operating in Scotland,
England and Wales.
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