Paul Herbert completes CRO appointment at SLP Engineering

Paul Herbert completes CRO appointment at SLP Engineering

SLP is a supplier of engineering and construction projects to the offshore oil and gas industry and other related markets. It employs 1,400 people at its sites in Lowestoft, Tyneside, Blackpool and New Malden and has a turnover of £150m. A significant contractual dispute and claims from a customer on one of its previous major construction projects led to the appointment of PricewaterhouseCoopers as administrators in November 2009.

Paul Herbert was appointed CRO to manage the completion of several part completed projects, including a complex 180 bedroom offshore accommodation platform funded by a major oil company. The clients funded continued work on the contracts through to completion in summer 2010 securing work for employees and subcontractors. The projects were completed on time and SLP’s facility was sold to Smulders Group preserving this important employer in East Anglia.

Commenting on the project, Paul Herbert said “This was a tough project to get a major engineering project completed in line with the client’s urgent operational requirements. At the same time, I was able to help the administrators to achieve an orderly realisation of the business which is in the interests of all its stakeholders”

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