Restructuring for growth

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SPECIALIST corrosion, integrity and inspection firm iicorr recently carried out a restructuring by appointing seven new business managers and creating new business units to support future growth.

The Aberdeen company’s strategy is to nearly treble its annual turnover by 2010 to £50million.

However, without careful management, this kind of growth can result in many challenges for a business.

Through acquisitions – including the recent buy of Hampshire firm Subspection – international investment and investing in existing and new talent, iicorr is growing quickly.

A different level of strategy is necessary as a business grows, says sales and marketing director Donald Ballantyne.

“iicorr has strived to maintain a certain culture as it grows and this has helped us build on the positive staff and client relations from the outset. To accomplish the significant growth we are planning, a different level of strategy was necessary, and this included not only bringing in fresh talent but also giving existing employees the opportunity to be part of it.”

The strategy included introducing the new business units.