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Tuesday, July 1, 2008

Seletar has reason to celebrate

21 YEARS IN BUSINESS AND INCREASED TURNOVER

Ships agency and freight forwarding company, Seletar Shipping (Scotland) Limited, has revealed turnover for the for past twelve months has increased by £2m – a satisfying achievement as it prepares to celebrate 21 years in business. Seletar recorded turnover of £17m for 2007, compared with £15m in 2006 – and £740,000 in its first year of business n 1987.

The company, which was set up in Great Yarmouth prior to moving its headquarters to Aberdeen in 1994 due to the buoyant market, has introduced a number of new services since its inception, including a Ships’ Warden Service following legislation introduced to tighten up port security after the September 11 attacks.

Seletar purchased recruitment firm Genesis Personnel in 1998 – it now specializes in the marine sector and has offices in Peterhead as well as Aberdeen. Seletar has also invested more than £10m in property in Aberdeen, after branching into quayside property rental in 2003. The company now owns property stretching from the corner of Wellington Street right along the Victoria Dock waterfront to Church Street and leases office space to more than thirty tenants.

The company marked the 21 year milestone with a dinner for clients, held at Fyvie Castle on Friday 30 May, and a family fun day for customers, suppliers, employees and associates, at the same venue the following day, which featured a wide range of entertainment.

Managing Director, Shaun Eardley, says the success Seletar has enjoyed over the past two decades is testament to the hard work of the team, the quality of local suppliers and also the great market conditions in the North-East.

He said: “In addition, the decision to diversify our services has played a large part in the success of the business over the past 21 years. Expanding into the property rental sector has increased our profitability significantly and has also heightened our profile. Other services introduced, including personnel transportation and warehousing, have added to the sustained rise in turnover.

“We have also continued to win new business for the ships agency, freight forwarding and logistics divisions of our business, which I am particularly pleased about. I look forward to the next chapter in Seletar’s history, which will involve enhancing our core services further and exploiting additional diversification opportunities as we identity them.”

Seletar, which has more than 200 employees, including temporary workers recruited by Genesis Personnel, is headquartered at Steadfast House, in the city’s Tullos area. It also has offices in Peterhead and Great Yarmouth.

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