Investment highlights

  • Market Position

    Long-established leader in steel panel radiators

    Operating in a market protected by high barriers to entry

    Multi-site manufacturing platform provides cost leadership and flexibility

  • Business Model

    Highly attractive replacement dynamics with underlying RMI led demand drivers

    Proven resilience to external shocks and performance through economic cycles

    Diversification through geographic spread, cost management and product adjacencies

  • Management & Strategy

    World-class leadership team with unparalleled sector experience

    Focus on quality, innovation and customer service

    Highly effective channel management and active repositioning strategy

  • Financial Characteristics

    Highly attractive replacement dynamics with underlying RMI led demand drivers

    High operational leverage and sector leading margins, with scope to expand

    Strong cash generation and return on capital employed

  • Decarbonisation & ESG

    Commitment to continuously develop our ESG credentials with decarbonisation of residential home heating driving long-term market transition

    Regulatory tailwinds present favourable near term growth drivers and will signpost our ESG focus

    Stelrad will benefit from long term sector transformation and all stakeholders will benefit from putting ESG principles into practise