Aberdeen-based Subsea International has agreed an equipment funding arrangement with Ashwood Partnerships to enable its customers to access financial support for purchasing equipment.
Subsea International is an equipment sourcing and technical support hub operating in oil and gas, offshore renewables, decommissioning, defence and nuclear sectors, providing lifting and handling, subsea electronics and bespoke engineering solutions and technical services.
Ashwood Partnerships specialise in sourcing and implementing funding solutions that help companies create opportunities, increase sales, save time and reduce costs.
“Ashwood Partnerships understand the equipment, technologies, operating environment and supply chain challenges. Consequently they can quickly assimilate to your business and supply finance in support of whatever solution Subsea International propose,” the company said in a press release.
Subsea International’s commercial director said: “We are absolutely delighted to announce this arrangement with Ashwood Partnerships. In the current energy operating climate where ‘every pound is a prisoner’, anything we can do to help our customers reduce risk while enabling them to continue purchasing equipment to deliver projects safely, on budget and on time can only be beneficial to all concerned.”
Paul Jolley, managing partner of Ashwood Partnerships, commented: “I have a long affinity with the offshore and subsea industries having trained as a navigator, then hydrographer prior to working in various related commercial roles ashore. Therefore to be able to now utilise the funding expertise of our practice to create trade within this sector fills me with great pride. I thank Subsea International for taking the first prospective call and having the vision to fully evaluate the possibilities.”