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.

Highlights


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

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At a glance: CRestchic

Designs, manufactures and hires loadbanks to test generators. From emergency standby systems in data centres, utilities and critical industries, to the commissioning of propulsion, accommodation and production power in marine engineering from commercial shipping to oil & gas production.

Our locations

Operating through five major international hubs, with a worldwide support network of depots and agents, we are able to meet the global demand for our products.

At a glance - Crestchic location

Crestchic global hubs:
Asia-Pacific: Singapore
Europe: Belgium
UAE: Dubai
UK: Burton-on-Trent
USA: California and Pennsylvania

Crestchic agents/ depots:
China
France
Germany

Market opportunities

Off grid

  • Marine engineering and ship building:
    • Electric propulsion system
    • Navigation system
    • World’s shipping fleet continues to grow
  • Oil and gas:
    • Offshore drilling platforms
    • LNG industry/LNG transportation/FPSOs

On grid

  • Back-up power:
    • Diesel generator and turbine testing
    • Uninterruptible power supplies
    • Emergency power systems – hospitals, banks and financial services
    • Digitisation – data centres, telecoms and process industries
    • Independent power producers (“IPP”)
    • Balancing reserve/smart grids

Our products and services

LOADBANKS

We are the largest designer, manufacturer, supplier and renter of specialist loadbanks and transformers in the world.

TRANSFORMERS

We supply specialist hire of containerised transformers and switchgear and temporary packaged substations globally.

Our end markets

Crestchic_banking
Banking
Crestchic_power
Power and Utilities
Crestchic_healthcare
Healthcare
Crestchic_marine
Marine
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At a glance: Tasman

Tasman specialises in the rental of drilling tools suitable for use in the onshore and offshore oil and gas drilling, coal bed methane and geothermal drilling operations. Offering a broad range of drilling rental tools, well intervention equipment along with the reassurance of in-house maintenance and specialised services, Tasman has developed an understanding of our clients’ requirements which drives our philosophy of operational excellence in the Eastern Hemisphere.

Our Locations

Operating through four major international hubs, with a regional support network of depots and agents, we are able to service the Eastern Hemisphere, for any demand for drilling rental tools, or service of the same.

At a glance - Tasman location

Tasman global hubs:
Australia: Perth
Malaysia: Kuala Lumpur
New Zealand: New Plymouth
UAE: Dubai

Tasman agents/ depots:
Egypt
Qatar
Saudi Arabia

Market opportunities

  • Growth potential in the targeted regional markets as normal market conditions return
  • Comprehensive rental fleet offering, with the ability to rapidly respond to any demand, within the whole region
  • Highest levels of QHSE maintained and accredited
  • Drilling rig activity set to increase in all our regional markets
  • Geothermal drilling set to increase in New Zealand
  • Positioned to explore growth in product offering and geographical locations

Our products and services

We supply over 4,000 different products to the onshore and offshore oil, gas and geothermal drilling industries.

Our end markets

tasman_oil
Oil, Gas and Geothermal
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Chairman and Chief Executive's review

We are pleased to present our review of the Group’s trading performance for 2017.

Chairman and Chief Executive's review

Strategy

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

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Summary

  • Total rental revenue was unchanged at £15.8 million (2016: £15.8 million), with Tasman rental up at £4.6 million (2016: £3.3 million).
  • The continued benefit from the restructuring and the continuing repayment of debt, led to net debt decreasing to £8.7 million (2016: £9.5 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 2017 annual report. The content herein should be read in conjunction with and with reference to the printed version, which is available to download above.