Showing posts with label Hydro-X Water Treatment. Show all posts
Showing posts with label Hydro-X Water Treatment. Show all posts

Monday, October 17, 2022

News: Hydro-X invests in skills

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Hydro-X Group, a Rotherham-based specialist in water and air testing and Legionella risk assessments and control, is reaping the benefits of Skills Bank training, which has contributed to the business achieving 39% growth since the training began.

With a number of subsidiaries covering water treatment, air hygiene, engineering and health and safety training, the Dinnington firm has grown to be the country’s largest independent compliance company. It is part of Marlowe plc.

Skills Bank is a programme developed in South Yorkshire which matches private sector investment in skills training with public funding to help businesses invest in their workforce and improve their productivity.

Hydro-X is the 700th to have been supported by South Yorkshire Skills Bank, and 12 staff took part in a business leadership academy. Senior managers, with roles such as regional sales, human resources, QHSE (Quality Health Safety Environmental), needed to understand different elements of the business, its strategy and people management.

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Amy Tupling, Human Resources Manager at Hydro X, said “We recognised the opportunity to develop our staff through Skills Bank training. The training has given staff a better understanding of business planning and strategy, in line with company objectives and has equipped them with the tools to better communicate the vision, mission and values. This has also had an impact on how strategy is understood and implemented within individual teams and has led to improved awareness amongst all staff of the role they have to play towards achieving organisational goals.”

The training has also had a positive impact on Hydro-X’s employee motivation, communication of business plans and strategy and a shared awareness of how all staff have a role to play towards achieving organisational objectives.

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Nigel Brough, Investment Manager for Skills Bank, said “We are proud to be celebrating the 700th business supported in South Yorkshire through Skills Bank. It is fantastic to see that Hydro-X has gone on to achieve almost 40% growth, following the business leadership training undertaken by its senior managers. We are excited to see how they can build on this great platform in the future.”

Skills Bank is part of South Yorkshire Growth Hub, a service which exists to help businesses to find the best possible support to grow, whether that is investment in Skills and Training, access to finance options, support with innovation or export or even helping new businesses to get off the ground. The programme has been extended until 2025 by the South Yorkshire Mayoral Combined Authority.

Hydro-X website
South Yorkshire Growth Hub website

Images: Skills Bank

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Tuesday, October 5, 2021

News: Hydro-X acquired in multimillion pound deal

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Hydro-X Group, a Rotherham-based specialist in water and air testing and Legionella risk assessments and control, has been acquired in a multimillion pound deal.

Now with a number of subsidiaries covering water treatment, air hygiene, engineering and health and safety training, the Dinnington firm has grown to be the country’s largest independent compliance company.

Marlowe plc, the UK leader in business-critical services and software which assure safety and regulatory compliance, has now announced that it has acquired the Hydro-X Group Ltd for a cash consideration of £30m.

The listed company was formed to create sustainable shareholder value through the growth and development of businesses that provide business-critical or compliance services and software.

Marlowe said that it had agreed to buy Hydro-x as it is "well-positioned in structural growth markets, providing a broad range of technical compliance services focused on water & air compliance, water treatment, fire safety and health & safety."

The business is set to be complementary to, and provides a number of attractive synergies with Marlowe's Testing, Inspection & Certification division, including cross-selling opportunities as well as a number of scale efficiencies, such as enhanced operational route density and the benefits from using Marlowe's existing sales, operational and back-office platforms.

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In the year to 31 August 2021, Hydro-X generated revenue of £17.6m and an adjusted EBITDA (earnings before tax) of £3.5m, representing a 20% EBITDA margin. Hydro-X net assets as at 31 August 2021 were £5.3m.

2021, saw Hydro-X Training take on further space in Dinnington for a 10,000 sq ft classroom plus 5,000 sq ft of practical training space.

Marlow has also announced a £39m deal for VinciWorks, the UK's leading regulatory compliance eLearning and software solution.

Alex Dacre, chief executive of Marlowe plc, said: "Together, the acquisitions of VinciWorks and Hydro-X form a major step in delivering on the strategy announced at our Capital Markets Day, deepening our market share in attractive regulated TIC markets and significantly developing our digital proposition.

"Hydro-X majorly contributes to our safety and compliance services in our TIC division, offering significant synergies with WCS Group. Whether via software or services, Marlowe is committed to becoming the one-stop shop for customers' safety and regulatory compliance needs."

Hydro-X website

Images: Hydro-X

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Thursday, August 22, 2013

News: Hydro-X expands with Southern HQ

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Hydro-X Water Treatment, a Rotherham-based specialist in water and air testing and Legionella risk assessments and control, is expecting to increase turnover by almost £1m over the next 18 months.

With a mobile team of technicians, the Dinnington firm delivers its core products and services to more than 10,000 locations across the UK. It specialises in inspecting and maintaining equipment that uses water such as industrial cooling towers and steam boilers and customers include Sainsbury's, The Disabilities Trust, The Midcounties Co-operative and the Lotus F1 Team.

Having doubled in size over the last four years to generate a turnover of around £5m, Hydro-X Water Treatment is already on course to reach £6m this year. Part of the growth is due to a new Southern HQ at Abbotts Business Park in Kings Langley, Hertfordshire.

Paul Wilson, marketing manager for Hydro-X Water Treatment, said: "We've had a satellite office servicing the southern region for many years, but due to the dramatic growth we've had in the south it made sense to establish a permanent presence here and one with space for our technicians and engineers to operate out of over a wider area."

To help finance the new site, Hydro-X secured funding from Lloyds TSB Commercial Banking under the Government-backed Funding for Lending Scheme (FLS) loan, having been supported in previous expansions.

Ben Kimball, relationship manager for Lloyds TSB Commercial Banking, said: "The FLS is ideal for businesses like Hydro-X Water Treatment, as under the scheme we are able to offer small business customers across all sectors a one per cent interest rate discount on all new loans and hire purchase facilities."

The Bank of England and HM Treasury launched the Funding for Lending scheme in July 2012 to further encourage business growth through discounted lending.

Wilson added: "The support form Lloyds TSB Commercial Banking has been an immense help in securing the new site, and we look forward to building upon this growth in the coming year, and possibly opening other regional bases in the near future."

Hydro-X Water Treatment website

Images: Hydro-X

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