The Group has a clear view of growth objectives – to create a specialist fluid power organisation that remains focused on its core competencies through its delivery of class-leading service and support.

Our long-term growth model is based on organic growth through offline and online activities, coupled with complementary acquisitions in the UK and Ireland, in a fragmented marketplace.

The Board regularly monitors a range of financial and non-financial performance indicators to allow it to measure performance against expected targets. In late 2020, we completed a full strategy review to create focus and provide a framework for future developments, including our ambition to achieve significant growth. Whilst progress in many areas was slowed by COVID-19, we believe that significant development has been undertaken in 2021 and 2022, and the CEO’s Year in Review details progress made in our structural goals read.

The KPIs we established at that time remain relevant, our comments in each area being provided below: