= recurring income and stable revenue growth
The Group comprises a number of high quality, specialised businesses which design their individual business models to make them essential to their customers.
Our businesses focus on supplying essential products and services funded by customers’ operating rather than capital budgets and supplied across a range of specialised industry segments.
The majority of the Group’s revenues are generated from consumable products. In many cases, the products will be used in repair and maintenance applications and refurbishment and upgrade programmes, rather than supplied to original equipment manufacturers.
These characteristics all contribute to the Group’s record of stable revenue growth over the business cycle.