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 [e-mail]. 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: [phone] Zeus Capital Limited (Nominated Adviser and Broker) Andrew Jones, Alistair Donnelly (corporate finance) Dominic King, John Goold (sales & broking) Tel: [phone] finnCap Limited (Joint Broker) Ed Frisby, Kate Bannatyne (corporate finance) Rhys Williams, Emily Morris (sales & broking) Tel: [phone] TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: [phone] or email: [e-mail]

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

 

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