Future 50 List
Leo Hambro and
Adam Wright

Tidal Transit Limited

Born from an established business offering day charter fishing trips, Tidal Transit is all set to blossom alongside the expanding offshore energy sector.

As offshore wind farms continue to populate the waters off the Norfolk coast and further plans are tabled, so support services have become increasingly important to the local economy.

Tidal Transit is an incorporation of Norfolk Fishing Trips, which was started in 2005 by Adam Wright, from Thornham. Mr Wright is now operations director of Tidal Transit.

'In 2010, when considering buying a new fishing boat, Adam decided to consider the strategic development for the business,' said Leo Hambro, commercial director of Tidal Transit.

'The developments culminated in the incorporation of Tidal Transit in January as a crew transfer and marine survey vessel provider to – predominantly – the offshore wind sector.'

Adam's Essex–built fishing boat, Katie Louise, named after his wife, has been splitting its time between charter for survey work for the Lincs offshore wind farm and charter fishing trips from Brancaster Staithe.

But the main development of the business is the raising of £2.3m in equity financing for the acquisition of two new state of the art, fuel efficient, 20–metre boats to service the offshore energy sector.

'The boats will carry crews and parts of up to 10 tons in comfort, with full overnight accommodation for 12 passengers and crew,' said Mr Hambro.

Plans are in place to build the fleet with up to a further 10 vessels, providing jobs for further highly skilled crew.

Growth has already come quickly. Staff numbers were one full–time and one self employed in January. That figure is expected to rise to 8 full–time and 8 self employed in the first quarter of 2012.

Location: Dersingham
Sector: Offshore services and charter fishing trips
Turnover: £90,000 to £100,000
Staff: Four full–time and four self employed
Website:
www.tidal-transit.com
Plans are in place to build the fleet with up to a further 10 vessels, providing jobs for further highly skilled crew
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