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Windtech International - Subsea technology company Beam enters administration and makes all staff redundant
Subsea technology company Beam has entered administration, resulting in the redundancy of its entire workforce. Around 200 jobs have been lost across its offices in Edinburgh, Westhill and Bristol, UK.
Rovco administration to make 100+ staff redundant
An offshore and subsea technology firm with almost £50m funding is to enter administration. All 100+ staff across the Bristol, Edinburgh, Aberdeen and US offices of Beam, trading as Rovco Ltd, are to be made redundant. The firm, founded as Rovco by Brian Allen in Bristol in 2016, provided services to the offshore wind sector via underwater robotic vessels. Allen then launched AI company Vaarst in 2021. The two companies were merged in September …
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