Caterer to the oil and gas sector plans global expansion
Aberdeen catering and facilities management firm Entier Ltd has secured a new £5 million package to fund expansion.
The new facility is being provided by Lloyds TSB Commercial Finance.
Entier, which was set up in 2008, currently services 19 offshore contracts to provide catering to around 2,000 workers every day.
The company merged with established Aberdeen catering company Olive Garden in 2009 and now employs 430 people.
This latest funding package will fund Entier's global development plan to expand beyond its North Sea customer base into new markets in West Africa and North America.
Entier is also planning to expand its offering to onshore oil and gas, education and corporate clients.
The firm is targeting sales of approximately £25 million in the next 12 months.
Peter Bruce, managing director at Entier, said: “The offshore oil and gas industry presents notable expansion opportunities for experienced, integrated, cross-border catering services firms, given the need to effectively support exploration and production in new, remote locations.
“Appetite will only increase as operators continue to turn to these hard-to-reach reserves to maintain hydrocarbon production.
“Through our advanced base in Aberdeen, experience in supporting offshore contracts worldwide and, now, this latest funding package from Lloyds TSB Commercial Finance, we are well placed to capitalise on these positive dynamics to drive further growth.”
Susan Callan, regional manager at Lloyds TSB Commercial Finance, added: “Entier is a pioneering local business which delivers value not only for its customers and shareholders, but also the local community through its commitment to suppliers and job creation in the area.
“The business uses only the highest quality, locally sourced produce, while approximately 70 per cent of its employees hail from Scotland.
“The deal has allowed us the opportunity to support a rapidly growing, ambitious business, operating in a strategically important sector to the Scottish economy.”