Fulkrum forecasts continued global success in 2023
30/08/2023
Fulkrum, a leading provider of inspection, expediting, auditing and technical staffing services, is celebrating a successful first half of the year, including a 60% increase in year-on-year revenue with continued growth on the horizon.
Adding to its expansive portfolio, in quarters 1 and 2 of 2023 Fulkrum expanded its business with new clients and projects across the Europe, USA, Middle East and Asia-Pacific regions. Seeing particular growth in its technical staffing division, the company has significantly increased its provision of technical personnel who are then seconded to client offices, offshore installations or onshore facilities. In response to this increase in demand, internal headcount has grown by 21%, exceeding company targets for team expansion and bringing new jobs to the geographical markets in which the company operates.
Now in its 13th year of business, the team celebrated multiple accolades in the first half of 2023 when the company was announced as a finalist in the Society of Petroleum Engineers’ (SPE) Offshore Achievement Awards in March 2023 and then awarded the coveted King’s Award for Enterprise in the International Trade category. These recognitions are a testament to Fulkrum’s commitment to providing vital quality assurance, health, safety and environmental services and personnel to the oil & gas, clean energy, construction and technology markets.
Solidifying its commitment to quality, competence and impartiality, Fulkrum’s United Arab Emirates (UAE) office received further recognition as it achieved the highly regarded ISO 17020 accreditation for Type A inspection services, joining the Brazil, Malaysia, USA and UK offices, which also achieved ISO 17020 accreditation in recent years.
Highlighting its commitment to advancing processes with technology while safeguarding critical data, Fulkrum is also celebrating the successful 2023 renewal of its UK government-backed Cyber Essentials certification, recognising the company’s commitment to data protection and security.
Reflecting on the exponential success seen over the last six months, Global Vice President Brock Falkenhagen commented: “2023 has been a fantastic year for Fulkrum, particularly following the substantial impact that the pandemic has had on the industry over the last few years. I am immensely proud of the hard work that the team has put in to support our clients ensuring that our services are supplied to a high standard, even in challenging times.
“From winning new contracts and projects to the honour of attending the King’s Award Reception at Buckingham Palace later in the year, 2023 is on track to be another successful year for the company.”
