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Flowtech Fluidpower (FLO)

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Friday 04 May, 2018

Flowtech Fluidpower

2017 Annual Report - year ended 31 December 2017

RNS Number : 1038N
Flowtech Fluidpower PLC
04 May 2018
 

NEWS RELEASE

Issued on behalf of Flowtech Fluidpower plc

Friday, 4 May 2018

Immediate Release

 

 


 

FLOWTECH FLUIDPOWER PLC

("Flowtech" the "Group" or "Company")

 

2017 Annual Report and Financial Statements

for the year ended 31 December 2017

 

 

The full Financial Statements for the year ended 31 December 2017 have been published on the Company's website at http://flowtechfluidpower.annualreport2017.com together with the Notice convening the Company's 2018 Annual General Meeting.  A copy of the Annual Report, together with related documents has been sent to shareholders who elected to receive printed versions of this documentation.  Copies can also be requested by writing to The Company Secretary, Flowtech Fluidpower plc, Pimbo Road, Skelmersdale, Lancashire, WN8 9RB or email [email protected].

 

ANNUAL GENERAL MEETING

The Annual General Meeting will be held at 10am on 6 June 2018, at the offices of our solicitors, DLA Piper UK LLP,

1 St Peter's Square, Manchester, M2 3DE.

 

 

Enquiries to:

Flowtech Fluidpower plc

Bryce Brooks, Chief Financial Officer & Company Secretary

Tel: +44 (0) 1695 52796

 

Zeus Capital Limited (Nominated Adviser and Broker)

Andrew Jones, Alistair Donnelly (corporate finance)

Dominic King, John Goold (sales & broking)

Tel: +44 (0) 161 831 1512

 

finnCap Limited (Joint Broker)

Ed Frisby, Kate Bannatyne (corporate finance)

Rhys Williams, Emily Morris (sales & broking)

Tel: +44 (0) 20 7220 0500

 

TooleyStreet Communications (IR and media relations)

Fiona Tooley

Tel: +44 (0) 7785 703523 or email: [email protected]

 

 

 

About Flowtech Fluidpower plc

 

Founded as Flowtech in 1983, the Flowtech Fluidpower Group is the UK's leading specialist supplier of technical fluid power products.  The business joined AiM in 2014.  Today, the Group has four distinct divisions:

 

Division:

What we do:

Locations:

Flowtechnology

focus on supplying distributors and resellers of industrial MRO products, primarily serving urgent orders rather than bulk offerings. It offers an unrivalled range of OEM and Exclusive Brand products to over 5,000 distributors and resellers.  The catalogue is recognised as the definitive source for fluid power products, containing 100,000 individual product lines and are distributed to more than 80,000 industrial MRO end users.

 

Flowtechnology Benelux (Deventer)

Flowtechnology China (Guangzhou)

Flowtechnology UK (Skelmersdale)

Indequip (Skelmersdale)

Beaumanor (Leicester)

Power Motion Control (PMC)

Specialise in the design, assembly and supply of engineering components and hydraulic systems and is further enhanced by a service and repair function.

Primary Fluid Power (Knowsley)

Nelson Hydraulics (Dublin, Lisburn, Dungannon, UK)

TSL Fluid Power (West Yorkshire)

Albroco (Knowsley)

HTL (Ludlow)

Hi-Power Hydraulics (Cork, Dublin, Belfast Manchester)

Hydroflex (Brussels, Rotterdam and OudBeijerland)

Hydraulic Equipment Supermarkets (Gloucester, Leeds, Birmingham, Durham)

Branch Hydraulic Systems (Gloucester)

HES Tractec (Gloucester)

HES Automatec (Gloucester)

HES Lubemec (Gloucester)

Derek Lane & Co (Newton Abbot, Devon)

 

Process

Focus on the supply of industrial components and solutions to the process sectors.

 

Hydravalve (Willenhall)

Orange County (Spennymoor)

Onsite Services

In 2018, the Group will extend its service offering to include Onsite Technical Maintenance

through highly skilled engineers.

 

HES Onsite (Durham, Leeds, Birmingham, Gloucester)

 

 

All four of the Group's divisions have overlapping product sets, allowing procurement synergies to be maximised.

The above divisions are supported by a centralised back office team at the Skelmersdale site and a procurement and quality control team in Shanghai.  In total, the business employs over 550 people.  For more information please visit, www.flowtechfluidpower.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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