Offshore wind tech firm collapses with loss of jobs in Bristol and Scotland

12.5.2025

A Bristol-headquartered subsea and offshore wind tech company has fallen into administration with the loss of more than 160 jobs.

Beam was formed in September through the merger of offshore inspection systems business Rovco and sister firm Vaarst, and also had offices in Edinburgh and Westhill, in Aberdeenshire.

The company described itself as a "leading deep technology company", which used AI and underwater robots to service offshore wind farms.

Of the company's 195 employees, 162 were made redundant following the appointment of the administrators.

According to latest accounts on Companies House, Rovco made a loss of £8.1m in 2023, following an £8.7m loss the year before.

Since launching in 2015, Rovco and Vaarst had raised close to £50m from investors including Foresight Group, Equinor, through Equinor Ventures, and US defence sector investor IQT.

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