Northbridge ‘strengthens’ its markets and coverage
STAFFORDSHIRE firm Northbridge Industrial Services says it has continued to strengthen the majority of markets and increased geographical coverage.
In a trading statement ahead of its year-end results, the Burton-based industrial services and rental company said it expected earnings for the period in line with market expectations.
“The group’s trading has continued to strengthen in the majority of its markets and the second half of the year has seen activity levels increase as expected,” it reports.
“Tasman Oil Tools, which was acquired in July 2010, has performed in line with management’s expectations and will make a significant contribution to the group’s results for the full year.
“Northbridge has started 2011 with a much larger hire fleet and greater geographical coverage following the investment made in 2010.
“Rental demand remains robust and product sales enquiries have increased compared with this time last year.
“With the global economy more vibrant, Northbridge is well placed to exploit the opportunities that it believes will arise and the board is confident that the group will continue to grow and meet its objectives during 2011.”
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