Peter Harris, Executive Chairman of Northbridge discusses their pre-close trading and strategic update.

Peter Harris, Executive Chairman Northbridge #NBI discusses their pre-close trading and strategic update.

Revenue for the Period was up by 22% to £19.6m compared with the same period in previous year (H1 2020: £16m), with hire revenue up by 28% and sales and service revenue up by 14%. As a result of the shift in revenue mix towards hire, the gross margin is also higher than 2020.

 Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Australia, New Zealand, Singapore, China and South Korea, Northbridge has a global customer base. This includes utility companies, renewables, the oil and gas sector, data centres, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers, and drilling tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers.