Stontronics

Stontronics, founded in 1988, is a private company based in Reading with circa 30 employees. It is a distributor and manufacturer of transformers, adaptors and power supply units, providing a power solution service to its customers. The Board believes that Stontronics' key strength is its ability to provide customers with high quality customised, s... emi-customised or standard power products either through distribution partners or from its own manufacturing site, with a bespoke design service, which is provided through its relationship with several of its Asian suppliers and supported by its own in-house design capability. Stontronics has a direct sales team, which is focused on providing a power solution service to the industrial equipment and instrumentation market predominantly in the UK. Products are sold to over 500 customers, with coverage into Europe and North America, who comprise both end users and also distribution partners, including tier one catalogue distribution customers. On completion of the Acquisition, two of the Vendors, Terry Branston and Paul Branston, will be retained in senior management roles for varying periods of time to assist with the handover and integration of Stontronics into the Group. As at 30 September 2014, Stontronics had net assets of c. £0.47 million, and generated an operating profit of £0.61 million in the year ended 30 September 2014 from revenues of £4.94 million. The Board expects the combined effect of the Acquisition and the Fundraising to be earnings neutral in the 2016 financial year.Read More