Creating a fully integrated,

global industrial equipment group.

Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base and has grown organically and by the acquisition of companies in the UK and abroad and through investing in those companies to make them more successful.

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Key points


The Company has in place a set of key performance indicators to enable
us to measure performance through the success of our strategy.

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Our products and services


Northbridge is focused on the sales and hire of specialist industrial equipment on a global basis for use in critical applications in
the oil and gas, shipping, construction, and power and utility sectors.

Our products and services

We are a fully integrated global group with a product range
that includes loadbanks, transformers and oil tools.

load banks
transformers
oil tools

Our locations

Operating through six major international hubs we are able to service the global demand for our products.

Our locations

Our business and strategy


Our business model

The Group is now streamlined into two distinct core business activities, Crestchic Loadbanks and Tasman Oil Tools, and management has been reorganised to reflect this.

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Our strategy

The Northbridge strategy is to consolidate and build its specialist industrial equipment businesses.

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Chairman and Chief Executive's review


Our reorganisation, which started in early 2015, continued into 2016 and has now been completed in a systematic and organised way.


chairman review

Summary

  • Tasman's revenue was £4.5 million (2015: £10.5 million), a decline of 57.6%, and Crestchic's revenue was £19.3 million (2015: £22.8 million), a decline of 15.1%.
  • Total net assets have increased by £5.9 million during the year to £41.8 million primarily due to the successful placing and open offer raising £5.3 million and a positive movement of £6.8 million in the foreign exchange reserve being offset by the loss after tax of £6.3 million.
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Downloads


Full annual report

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Governance Report

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Strategic Report

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Financial Report

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Disclaimer - This is an interactive version of Northbridge Industrial Services plc's 2016 annual report. The content herein should be read in conjunction with and with reference to the printed version, which is available to download above.