RSK targets fourfold growth in sales by 2030

Acquisitive conglomerate RSK, has forecast it will “nearly quadruple” its turnover from £1.2 billion to more than £5 billion in 2030 and double its ownership of environmental and engineering businesses.

In its 2030 strategy, RSK has predicted it will double its number of clients from its current to 20,000 in 2030 and “steadily and significantly” increase its workforce from 12,000 to 40,000 people over the next seven years.

The group said its ambitions are “accurately informed” by its growth trajectory since 1990. At the end of 2000 it reported turnover at £5m rising to £61m following a string of acquisitions between 2001 and 2010 and reaching £350.5m in 2021.

RSK founder and Chief Executive Officer Alan Ryder said: “ As governments and businesses across all sectors invest heavily in achieving a more sustainable future, the opportunities for RSK increase at pace. This leaves RSK with little doubt that it 2030 growth strategy is achievable.

“To fund this next stage of growth RSK will be undertaking a capital raise through a preferred equity instrument. Ares has been an exceptional partner to us and I look forward to carrying on that relationship as we bring in new investment. The company is not just looking for financial investors, but also partners that have a tangible interest in the sustainability agenda and can work alongside existing shareholders in guiding RSK towards its 2030 vision. Relevant investors may include the likes of pension funds, sovereign wealth funds, private equity investors and alternative capital providers, amongst others.”

He said the group will focus on “significant international expansion in all regions it currently operates including Australia, Europe, Asia, Latin America, Africa and the Middle East.”