Northbridge Industrial Services plc Annual report and accounts 2021

WE MANUFACTURE, HIRE AND SELL MISSION CRITICAL INDUSTRIAL EQUIPMENT AROUND THE WORLD

Our specialist electrical equipment is designed to meet the emerging needs of the new economy – data driven, dependent upon a reliable electrical power infrastructure and where environmental priorities are driving a rapidly increasing share of that power to come from renewables and cleaner energy generation.

Focused investment in our manufacturing facility, our hire fleet and our worldwide sales and support network is enabling us to meet the growing demand for our products and services.

 

Highlights

Revenue for the year

38.8

(£m)

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Pre-tax pre-exceptional profit/(loss)

3.3

(£m)

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EBITDA

9.2

(£m)

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Cash generated from operations

6.8

(£m)

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Return on investment from continuing operations

18

(%)

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Net debt

2.2

(£m)

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At a glance

Crestchic designs, manufactures and hires loadbanks to test generators and critical power supplies. From emergency standby systems in data centres, utilities, healthcare and telecommunications, to military support operations, the commissioning of marine propulsion and life support systems and extractive industries.

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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.

Crestchic locations and agents

United Kingdom

  • HQ

USA

Germany

France

UAE (Dubai)

Singapore

China

Australia

South Korea

Ireland

Japan

Growth drivers

  • Increasing share of high growth sectors: data centres and energy transition
  • Increasing reach in key geographic regions: Western Europe and the USA

Growth enablers our equipment

  • World class quality and reliability
  • Class-leading control systems
  • Largest global loadbank fleet
  • Broadest range of products
  • Major fleet life extension and expansion programme established

Our reach

  • Expanding international rental network
  • Global sales, distribution and service capability

Our factory

  • Design capability to innovate to meet emerging customer needs
  • Expansion project adding 60% capacity to meet growing demand
  • Drive for world class manufacturing will enhance quality, deliver an unmatched customer experience and reduce costs

Our people

  • Extremely stable and diverse global workforce
  • Availability of skilled manufacturing staff increasing in UK
  • Ongoing training programmes for managers
 

 

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Principal sectors

Data centres

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Energy transition

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Critical infrastructure

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Marine

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Extractive Industries

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Leadership review and statements

Radical steps have been taken to realign the organisation and infrastructure of the Group to the needs of the Crestchic business.

Peter Harris

Executive Chairman

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Pre-IFRS 16 year-end net debt stood at £1.0 million, down from £5.4 million in 2020.

Iwan Phillips

Finance Director

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