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Name: Oliver Valvetek
Industry/sector: Manufacturing and engineering
Date founded: 1995
The boss: Michael Oliver
Location: North West
Latest turnover: £34.8m
Three-year compound growth rate (%): 35.18
Latest EBITDA: £12.2m
With its three companies covering subsea, instrumentation and pipeline valves, the Oliver family comprises of Oliver Valves, Oliver Twinsafe and Oliver Valvetek – the latter of which has seen recent phenomenal growth.
In 2014, the Cheshire-based company, which supplies its products to multinationals such as Petrobras, Shell, ExxonMobil, Chevron and BP, saw a surge in orders from markets including the Middle East and Asia. However, Brazil is the firm’s biggest market.
These nations reportedly remain key strategic markets for the company and by investing in on-the-ground presence in these and other emerging territories, Michael Oliver, founder and chairman, hopes to position his trio of firms for further success.
Around 90 per cent of Oliver’s turnover comes from exports, and all 18 of the company’s key geographic trading areas have enjoyed growth since 2013.
Oliver said: “It is hugely satisfying to be sitting on the healthiest order book in the company’s history. We have maintained our laser focus on premium products, innovation and service, which sets us apart from competitors, and we continue to fly the flag for quality UK manufacturing overseas.”
He suggested that focus on innovation, customer service and product development has enabled the Oliver companies to develop a strong reputation as a reliable brand in the global oil and gas industry. This was highlighted by its appearance in the Greater Manchester fastest 50 list of 2015.
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