29th May 2014 07:00
For Immediate Release | 29 May 2014 |
Northbridge Industrial Services Plc.
("Northbridge" or the "Group")
AGM Statement
Northbridge Industrial Services plc, the industrial services and rental company, will today hold its AGM at 12 noon at the offices of Buchanan, 107 Cheapside, London EC2V 6DN. Peter Harris, the Chairman of Northbridge will make the following statement on the Group's current trading and outlook:
As indicated at the time of our Preliminary results in April, we have enjoyed a good start to 2014, with a strong first quarter and continuing contributions from both sales and rental activities. Our cash flow remains strong which will enable net gearing to reduce further by the end of 2014. We are pleased with the Group's progress so far this year and continue to be confident in the Group's prospects. We expect results for 2014 as a whole to be in line with management's expectations.
For further information
Northbridge Industrial Services plc 01283 531645
Eric Hook, Chief Executive Officer
Craig Robinson, Finance Director
Westhouse Securities Limited (Nominated Adviser and Broker) 020 7601 6100
Robert Finlay / Antonio Bossi / Henry Willcocks
Buchanan 020 7466 5000
Charles Ryland / Clare Akhurst
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.
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