Following a strong year of trading in difficult market conditions, Osbit, a Northumberland based offshore engineering and technology company, is gearing up for its next phase of growth by today launching an evolved brand.
The business, formerly named Osbit Power Limited, is now trading as Osbit Limited and has refreshed its branding, with a new website to follow.
The objective of the new branding is to support and reinforce the company’s key commitment to its clients, which is delivering innovative and cost effective engineering solutions ‘On Spec, to Budget and In Time’.
Osbit, which was launched six years ago, now has an annual turnover of nearly £7.5m and 40 employees. Exports now account for 55 percent of sales, an increase of 48 percent in the 12 months to September 2015.
The change coincides with major milestones in two of Osbit’s largest projects to date – the design and manufacture of two sets of Intervention Tension Frames (ITFs), Maintenance Towers and Mobo Decks for Helix Energy Solutions, a world leader in well intervention projects. A third ITF will follow later in the year.
Executive Chairman Dr Tony Trapp said: “Osbit stands for On Specification, to Budget and In Time. We have consistently delivered on our promise to our clients over the past six years.
“While our core values have not changed, it is important that our brand grows with the company and reflects both who we are and what we do, which is, supporting our clients.”
Managing Director Brendon Hayward commented: “Evolving our branding clarifies what Osbit stands for a name and, more importantly, it highlights the benefits that our clients experience.
“Our On Spec, Budget and In Time ethos is straightforward and no-fuss, and is inherent in the service we have delivered on all of the 190 projects completed so far.
“Over the past six years, we have established a strong international reputation and our branding development marks an exciting step forward to support the next stage in our ambitious growth plans.”