Company Profile For Latchways Plc

Latchways plc is a United Kingdom-based company. The Company, along with its subsidiaries, is principally engaged in the production, distribution, and installation of industrial safety products. The Company subsidiaries include HCL Safety Limited, HCL Contracts Limited, and Sigma 6 d.o.o. It operates in three business segments: Safety Products, Safety Services, and Specialist Fixing. Safety Products is the main Latchways product business, operating out of the Company’s headquarters in Devizes, and a small production plant in Kozina, Slovenia. Safety Products generates 66% of the Company’s revenue. Safety Services is engaged in the installation and servicing of safety products, which generates 26% of the Company’s revenue. Specialist Fixing is involved with a range of technical services, including structural building refurbishment and specialist fixing solutions. It represents 8% of the Company’s revenue.

BRIEF: For the fiscal year ended 31 March 2009, Latchways plc's revenues increased 5% to £37M. Net income decreased 6% to £5.7M. Revenues reflect an increase in income from Safety product and Safety services. Net income was offset by increased cost of sales, higher administrative expenses, increased exceptional charges and a lower interest receivable. The Company is engaged in the production, distribution and installation of industrial products.