Running rings around the past

Article Abstract:

Ring was previously known as Graystone, and is a distributor of lighting equipment, consumables, and automotive products. Lighting accounts for more that 50% of Ring's sales, and the company supplies most of Britain's main retailers of DIY equipment. Cost savings anf flexibility are achieved by sourcing around a third of the company's products from plants in China and the Far East. The company has the financial strength to carry out an acquisition worth from 3 million pounds sterling to 4 million pounds. Ring's profit is forecast at 3.5 million pounds for 2000 by Henry Cooke Lumsden.

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A more secure future

Article Abstract:

Gardiner should benefit from growth in the market for closed circuit TV systems and the strength of its reorganized network in mainland Europe. The company has also reinforced its position in the UK. Gardiner is a wholesaler of electronic security products and has been hit be the strength of pound sterling. Access control is another growth area, while the growth in demand for intruder and fire alarms is not as rapid, though the volume is greater. The company's profit is forecast at 5.25 million pounds sterling for 1999 by NatWest Markets.

Security systems industry, Gardiner Group PLC

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Transformed fortunes

Article Abstract:

Ring is an automotive products and lighting distributor which was previously called Graystone. The company reported a loss for 1997, largely due to discontinued activities, and there was a rise in operating profit for continued activities of 74%. The company has acquired PH Products which distributes gas and smoke pellet detectors. BMAC, a public transportation exterior lighting distributor, should also provide growth. The company's profit is forecast at 3 million pounds sterling for 1998 to 1999 by ABN-Amro.

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