July 30, 2014 4:50 PM ET

Machinery

Company Overview of Metalrax Group plc

Company Overview

Metalrax Group plc manufactures and supplies various specialist steel products worldwide. It operates in two divisions, Specialist Engineering and Consumer Durables. The Specialist Engineering division offers specialist coating services, which include coating steel for the consumer, automotive, appliances, and printing markets; manufactures, supplies, and services bespoke and specialist handling solutions; and manufactures and installs steel and glass stairways, and balustrades. This division also provides electrical power safety equipment for laboratory and hospital markets; tube manipulation technologies and assemblies for premium automotive/luxury cars and off-highway vehicles; and locks,...

Rectory Court

Old Rectory Lane

Alvechurch

Birmingham,  B48 7SX

United Kingdom

469 Employees

Phone:

44 84 5030 3300

Fax:

44 12 1433 3325

Key Executives for Metalrax Group plc

Group Chief Executive and Executive Director
Age: 50
Group Finance Director and Executive Director
Age: 46
Chief Executive of the Automotive Division and Member of Operational Board
Age: 62
Chief Executive of the Engineering Support Services Division
Age: 64
Divisional Chief Executive of Engineering Division
Age: 50
Compensation as of Fiscal Year 2014.

Metalrax Group plc Key Developments

Metalrax To Review Strategic Options

Metalrax Group plc is seeking to launch a review to study all the strategic options. It has also appointed KPMG to assist with a review of the options available to the Board which could include the sale of a number of Metalrax's companies and/or assets for best value. It also intends to appoint Will Wright and Mark Orton of KPMG as Joint Administrators of Metalrax.

Metalrax Group plc Reports Unaudited Consolidated Earnings Results for the First Six Months Ended July 1, 2012

Metalrax Group plc reported unaudited consolidated earnings results for the first six months ended July 1, 2012. For the period, the company’s revenues were £27.7 million compared with £31.0 million a year ago. Operating profit before exceptional items and share option costs was £0.3 million compared to £0.9 million a year ago. Operating loss was £0.6 million and loss before taxation was £1.4 million compared to operating profit of £0.7 million and loss before taxation of £0.1 million a year ago. Loss attributable to equity shareholders of the parent was £1.2 million or 1.00 pence per diluted share compared with profit attributable to equity shareholders of the parent of £0.1 million or 0.02 pence per diluted share a year ago. Diluted loss per share from continuing operations was 1.26 pence against profit per share from continuing operations of 0.02 pence a year ago. Net cash used in operating activities was £2.0 million compared with £0.6 million a year ago. Purchase of property, plant and equipment was £0.5 million compared with £0.9 million a year ago. Net debt was £8.5 million as on July 1, 2012 compared to £6.1 million a year ago. Adjusted loss after tax was £0.3 million or 1.00 pence per diluted share compared to adjusted profit after tax of £0.7 million or 0.02 pence per diluted share a year ago. Adjusted loss after tax from continuing operations was £0.2 million or 1.26 pence per diluted share compared to adjusted profit after tax from continuing operations of £0.7 million or 0.02 pence per diluted share a year ago.

Morrisons supermarket group Not to Renew its Supply Agreement with the Group's Consumer Durables Division

Morrisons supermarket group will not be renewing its supply agreement with the Group's Consumer Durables division. The agreement relates to the ongoing supply by George Wilkinson of bakeware to Morrisons, although George Wilkinson will continue to supply certain seasonal bakeware to Morrisons. The Morrisons supply agreement represents approximately 3% of annual Group revenue.

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