The group is organised into three operating divisions, each with its own management team, trading name and balance sheet. Meridian Commodities, a separate company owned by the group’s founding partners, shares our London office.
North Industrial
£640m revenue · 1,400 people
Planned and reactive maintenance for process plants, utilities and district heating networks across 21 depots and 34 customer sites.
North Logistics
£310m revenue · 480 vehicles
Bulk road, rail and short-sea freight, with terminals at Tilbury, Rotterdam, Duisburg and Antwerp and a new groupage hub at Waalhaven.
North Capital
£421m loan book
Asset-backed lending and equipment finance for manufacturers with turnover between £5 million and £150 million.
North Industrial
North Industrial provides planned and reactive maintenance to process plants, utilities and district heating networks. The division employs around 1,400 people across 21 depots and 34 customer sites, and generated revenue of £640 million in the last financial year. Roughly two thirds of its order book is contracted maintenance rather than project work.
North Logistics
North Logistics moves bulk and palletised freight by road, rail and short sea, operating 480 vehicles and four terminals at Tilbury, Rotterdam, Duisburg and Antwerp. Revenue was £310 million last year. The division’s cross-border groupage service carries around 9,000 consignments a month.
North Capital
North Capital lends against industrial equipment and receivables, principally to manufacturers with turnover between £5 million and £150 million. The loan book stood at £421 million at the last year end, with an impairment charge of 0.6 per cent of the average book.
Meridian Commodities
Meridian Commodities publishes independent price assessments and market research on base metals, European gas and freight. Its subscription research is used by traders, industrial buyers and financial institutions. Meridian is a separate company and its research is not investment advice.