Despite a challenging market environment, the group achieved a 26% increase in turnover compared to the previous year. While pre-tax profits saw a slight decrease from the £6.1m posted in 2024, the group strengthened its balance sheet with net assets rising by 8% to £46.8m.

These results were published following the death of the company’s founder, Ian Suttie, in October 2025. A prominent figure in Aberdeen, Mr Suttie transformed First Tech from a small engineering firm into a diversified group spanning subsea, lifting, marine services, and offshore energy. He and his wife, Dorothy, were also known for their philanthropy, notably supporting the £21m Suttie Centre at Aberdeen Royal Infirmary.

The business is now led by his son, Martin Suttie, who serves as director. “The ambition of the group to continue to grow in a controlled and sustainable way continues,” he said. “It is pleasing to see the acquisitions have gone very well and complement the existing culture of making long-term decisions.”

The group’s growth strategy included significant activity during the financial year. In July 2024, First Integrated Solutions acquired Tusk Lifting Ltd, followed by the purchase of Andrew Hydrographics (trading as Andrews Survey) by First Marine Solutions in February 2025. These additions have contributed to a rise in headcount, which reached nearly 400 post-year end.

Continued investment remains a priority, with the group spending over £5 million on tangible assets and infrastructure during the year. Innovation also played a key role, with the successful launch of new products such as the Terra anchor.Looking ahead, Group Finance Director Steven Brown remains optimistic despite “tricky market conditions”. He noted that the integration of recent acquisitions has provided diversification and synergies.

“Looking to 2026 and beyond, the group is well positioned to continue its growth story,” Mr Brown told The Press and Journal. “With the full-year impact of both acquisitions, we expect turnover to be in the region of £90m – a 25% increase year on year.”