Specialist Energy Group plc (SEG plc) is a niche engineering and manufacturing group. Through its main operating subsidiary Hayward Tyler Group Limited, the worldwide market leaders in boiler circulating pumps, its focus is on the energy sector.
01/02/12
Pre-close statement and results publication date08/11/11
Hayward Tyler - New Order Update20/09/11
Unaudited interim results19/09/11
End of offer period25/05/11
Trading Update
08/11/11
Specialist Energy Group chief executive Ewan Lloyd-Baker said he was “quietly confident” about the prospects for Hayward Tyler, the company’s main operating subsidiary as it was revealed order intake at HT rose 19 per cent to £25.4 million in the third quarter.
21/09/11
Yesterday the shares fell around 15 per cent as the group’s interims revealed the financial impact of delayed shipments. However, after overcoming the ‘one off’ supply chain problem at the root of the delays, chief executive Ewan Lloyd-Baker reckons the engineering firm is set for a better second half.
20/05/11
Earlier this month Specialist Energy Group received bid approaches. And while they are yet to develop into a formal offer, the interest in the company underlines the progress of the company under boss Ewan Lloyd-Baker.
04/04/11
The company capped a turnaorund year with a solid set of annual results. Now boss Ewan Lloyd-Baker and the team are plotting the next phase of the strategy.
29/11/10
Analysts welcomed this morning’s funding news with upbeat write-ups. SEG is expected to go from strength to strength as it uses the new cash to boost its exports into India and China, as well as expand its presence in the United States.
01/02/12
Specialist Energy Group rallies after 2011 order intake rises 5pct08/11/11
Specialist Energy Group CEO is “quietly confident” about the prospects for Hayward Tyler18/10/11
Specialist Energy Group: share price fall means opportunity, says broker20/09/11
Specialist Energy Group’s Lloyd-Baker says power generation market remains buoyant20/06/11
McNally Bharat keeping options open regarding Specialist Energy Group stake
22/09/2010
16/07/2010
Specialist Energy Group plc (SEG plc) is a niche engineering and manufacturing group. Through its main operating subsidiary Hayward Tyler Group Limited, the worldwide market leaders in boiler circulating pumps, its focus is on the energy sector. This sector covers a wide range of potential activities:
- conventional fossil fired power generation
- nuclear power generation
- oil and gas exploration particularly subsea
- renewables (wind, hydro, tidal and wave powered).
The Directors of SEG plc are looking to develop the group through the continued organic growth of Hayward Tyler and through acquiring further energy related 'niche' engineering businesses.
SEG plc is the holding company for the main operating subsidiary company Hayward Tyler Group Limited.
Hayward Tyler was established in 1815 and almost 200 years later their engineering excellence places them at the forefront of pump and fluid-filled motor technology. Their products are custom designed and built to superior standards, ensuring endurance in demanding conditions.
The companies primary markets are Oil and Gas, Power Generation, Renewable Energy and Chemical Processing industries. Hayward Tyler Global Services support a diverse market base across the globe, through an integrated network of support systems. To find out more information about Hayward Tyler please CLICK HERE to view their website.
Acquisitions
Hayward Tyler reflects a number of our key acquisition criteria, namely:
* Niche engineering with a focus on energy related markets
* Strong operational management team
* Profitable
* Cash generative
* Worldwide opportunities
Looking forward our acquisition criteria remain focused on identifying businesses which share similar attributes and characteristics to our core values of:
* Integrity & ethics
* Engineering excellence
* Operational excellence
* Customer satisfaction
* Long term relationships
* Employee recognition & expertise
* Support & innovation
Businesses which display a combination of these values and a focus on the energy markets will be instrumental in helping SEG drive shareholder value and superior returns.
Directors
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Ewan Lloyd-Baker - Chief Executive Officer
Ewan Lloyd-Baker has worked in corporate finance both as a principal and adviser for the past 15 years. He started his career at Arthur Andersen working in corporate recovery and corporate turnaround with a number of privately owned and publicly listed companies. As a principal he was part of the management team in a venture capital backed start up which was ultimately sold to Reuters. He then helped set up a FTSE100 corporate incubator before completing his Masters of Business Administration. Mr Lloyd-Baker is a partner in Lloyd-Baker & Associates, a merger and acquisition boutique and for the past nine years has focused on acquiring a number of companies on behalf of his clients in deals ranging from 1 million to 20 million with a particular focus on the engineering and manufacturing sectors. Mr Lloyd-Baker was responsible for finding the original Hayward Tyler opportunity, setting up Southbank, broking the deal, managing the finance raising process, floating Southbank on the CISX and then recruiting the new management team into Hayward Tyler.
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Nicholas Flanagan - Finance Director
Nicholas Flanagan is a graduate engineer from Imperial College and a Chartered Accountant having qualified with Coopers & Lybrand in 1987. Before joining Southbank in 2008 he spent the previous 14 years in the engineering and manufacturing sectors where he held a number of senior financial roles initially with Trafalgar House PLC followed by Kvaerner ASA and Jeyes Group Limited. Prior to that he spent 6 years in corporate treasury with Saatchi & Saatchi Company PLC. Mr Flanagan's experience includes financial planning and development, commercial and operational support, capital raising, change management, reporting, mergers and acquisitions and all aspects of treasury management including foreign exchange hedging.
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John May - Non-Executive Chairman
John May is a principal of a boutique chartered accountancy practice, focusing on advising companies on finance raising, mergers and acquisitions, business strategies and entry onto PLUS Markets and AIM. He was previously a senior partner at Horwath Clark Whitehill, a UK accountancy firm, for 17 years, including 8 years on the managing board. Mr May is the policy director and deputy chairman of the Small Business Bureau Limited and deputy chairman of the Genesis Initiative, which are lobbying groups to Government on behalf of small businesses. He is also a Conservative Borough Councillor. Mr May qualified as a Chartered Accountant in 1974 having previously gained his DIA at the University of Bath Management School in 1970 and his BA from the University of London in 1969. He was previously Finance Director of AIM listed London & Boston Investments Plc and a Non-Executive Director of AIM listed Croma Group Plc.
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Christopher Every - Non-Executive Director
Christopher Every comes from a background in sales and marketing to board level management and new technology development in engineered and technical products, for companies including Wiggins Teape Paper, Courtauld International Marine Paints plc, National Starch Corporation, and Williams Holdings plc. He moved from corporate management to consulting twenty years ago and has worked with major organisations including Michelin, Powergen plc, TXU Energy and national and local government. He also has extensive experience in building new businesses, including Enhance Biotech Inc. and Brimac Ltd. Most recently, Mr Every has served as the CEO of Enhance Biotech Inc. a biotech start-up, and is a board member for Brimac Environmental Group Ltd, an environmental business focused on the manufacture and application of carbon for filtration in the sugar refining and water treatment fields.
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Ron Emerson - Non-Executive Director
Mr Emerson, a qualified engineer, started his career at British Steel Corporation, from which he moved to De La Rue Group and Bank of America. Mr Emerson has since held a number of senior roles in the banking sector, such as Director and General Manager Banking at Nomura Bank International and more recently, various senior management roles at Standard Chartered Bank ("SCB"), where he was a Member of the SCB Group Management Committee and Group Head of Corporate and Institutional Banking.
At present, Mr Emerson holds a number of Non-Executive Directorships, which include that of ACE European Group Limited, one of the largest property and casualty insurance companies worldwide, where he also is the Chairman of the Audit Committee. He is also a business adviser to House of Habib, a family owned conglomerate based in Pakistan with approximately 15,000 staff engaged in the manufacturing and retail businesses as well as the company's banking operation. Mr Emerson is also an active member of the Faculty of Management Studies at Oxford University and is the Senior Independent Non-Executive Director of Fairfield Energy plc, an oil and gas exploration company..
Mr Emerson holds a BSc in Mechanical Engineering from the University of Manchester, an MSc in Business Studies from the University of Durham and an MLitt in Organisational Strategic Change from the University of Oxford. Mr Emerson is an Associate Fellow of Green Templeton College, Oxford University, a Fellow of the Royal Society for the Arts where he was a founding member of the Tomorrow's Company project.
Advisors
Nominated Advisor
finnCap Limited
60 New Broad Street
London EC2M 1JJ
Corporate Finance & Rule 3 Advisers
Akur Partners LLP
5 Aldford Street
London W1K 2AF
Auditors
Grant Thornton UK LLP
202 Silbury Bouelvard
Central Milton Keynes MK9 1LW
Broker
finnCap Limited
60 New Broad Street
London EC2M 1JJ
Registrars
Share Registrars Limited
Suite E, First Floor
9 Lion & Lamb Yard
West Street
Farnham
Surrey GU9 7LL
Registered Office
Peregrine Corporate Services Limited
Burleigh Manor
Peel Road
Douglas
Isle of Man IM1 5EP
Telephone: +44 207 747 8380
Fax: +44 207 839 5740
General enquiries: admin@segroupplc.com
Shareholder enquiries: irdesk@segroupplc.com
Shareholder information
The share capital of Specialist Energy Group PLC is admitted to trading on the AIM market of the London Stock Exchange. The company's shares are also PLUS-traded. If you have any queries please contact our Investor Relations department by e-mail irdesk@segroupplc.com
The company's issued share capital comprises 35,507,404 ordinary shares of 1p each. There are no restrictions on the transfer of the company's securities. At present 33.46% of the company's securities are not in public hands.
The table below sets out the identity and percentage holdings of significant shareholders of more than 3%.
| Shareholder | Shares | Percentage |
| MBE Mineral Technologies Pte Limited | 8,075,166 | 22.74% |
| Mr Ewan Lloyd-Baker | 3,057,466* | 8.61% |
| Harewood Nominees Limited - The Bankers Investment Trust Plc | 2,021,977 | 5.69% |
| Chase Nominees Limited | 1,917,142 | 5.40% |
| Standard Life Holding | 1,458,333 | 4.11% |
| Cheviot Capital (Nominees) Limited | 1,303,298 | 3.67% |
The information which forms the table above was last updated in April 2011
*1,271,195 of these shares are held in the name 'Ewan Lloyd-Baker and Denton & Co Trustees Limited'. A further 1,698,827 are held in the name Ewan Lloyd-Baker. The remaining 87,424 shares owned by Ewan Lloyd-Baker, are charged as security in favour of Lloyds TSB Group plc pursuant to an agreement dated 25 May 2007. Ewan Lloyd-Baker retains the beneficial interest and voting rights associated with these shares.
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Updated 5th May 2011
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