Financial highlights




Revenue 2016

Gross Profit


Underlying Operating Result*


*Before separately disclosed items which are shown in the financial statements

Operating Profit


Total Dividend



Final Dividend 3.50p

Interim Dividend 1.75p

Net Debt



2014: £6.7m

2013: £69.8m

Operational Highlights

  • Four acquisitions in line with strategy
  • Revenue growth of 19% on previous year
  • Margins maintained despite adverse market conditions
  • Working capital targets met with debt capacity in place
  • Centre of Engineering Excellence created in Knowsley, UK
  • Data repository and web platform programme implemented
  • Eaton Master Agreement signed
  • Investment in people and infrastructure to support future growth
  • New Process division established early 2016
  • Nick Fossey appointed as first “Divisional Director” responsible specifically for development of the Power Motion Control division
The original strategy presented at IPO in 2014 was to deliver profitable growth while maintaining consistent high levels of service to our diverse customer base — this remains our core philosophy.

Sean Fennon
Chief Executive Officer