Northbridge prospers down under

Buying Australia's Tasman Oil Tools in 2010 was great business for Northbridge Industrial Services. Renting its equipment to oil and gas companies brought in £7.1m of revenue and over £2m of profit last year, more than expected, and over half this year's forecast turnover is already in the bag. There's been growth elsewhere, too, and the level of contracted rental demand and equipment orders since the year-end is promising.

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