A conversation with William Crook, Group Managing Director
R&M Electrical Group is a Southampton-based supplier of electrical equipment, cable and services to the petrochemical, industrial, commercial and marine sectors, providing the necessary support to the most impressive global sites, from an oil development in Kazakhstan, to an off-shore LNG terminal in Australia.
With 240 employees split over five offices in the UK and six international offices in Singapore, Abu Dhabi, Dubai, Basra, Atyrau and Baku, the company is proud of its 30-year history.
R&M Electrical has grown rapidly over the last few years, posting a 14% revenue growth in 2016 and increasing their staff. This is a great accomplishment, considering that business segments on either side – the start-ups, as well as FTSE giants – contracted in 2016.
Key to achieving this growth was the company’s expansion into new industries, particularly the fast-growing cruise ship business. In 2016, they underscored their growth ambitions by acquiring Lumen International, a Miami based supplier with an extensive network in the hub for American cruise ships, which handles 10 times more liners than Southampton.
Back home at HQ, the immediate impact of the Brexit vote was felt through the increased volatility of sterling. The value of USD-priced tenders, negotiated months in advance, became unpredictable with the currency’s wild movements. But considering the longer-term uncertainty, William Crook, the Group General Manager of R&M Electrical, believes that his company’s agility and resilience will help sustain growth.