Trifast, the manufacturer and distributer of industrial fasteners, is the latest company under the gaze of Richard Beddard’s ‘Human Screen’.
Having rescued Trifast (TRI), the dynamic duo running the company are now focusing their attention on turning it into a consolidator in a fragmenting market.
Highlights
Adjusted operating profit up 30%
Return on tangible assets: 7%
Adjusted net profit of £3.5 million compared to net cash flow of £3.5 million (£3.5 million after net capital expenditure)
Net debt up 18% at £8.5 million, 10% of tangible assets.
First dividend payment since 2009
*All calculations exclude leases, which are not divulged in the preliminary results. In 2011, the company had total non-cancellable obligations of £8 million.
The Human Screen comments:
Under the brand TR Fastenings, Trifast manufactures and distributes industrial fasteners, also known as nuts, bolts, rivets and screws. It’s a recovering company the Human Screen identified and added to the Thrifty 30 portfolio two years ago, partly because of the return of two former (…)
via Trifast: Reviving its reputation | Interactive Investor.