Flowgroup have developed a patented technology in the heating market. The sells to the UK domestic market, and produces boilers that generate low-carbon electricity as they heat the home. Flowgroup launched its 'Flow boiler' in 4th January 2016 and hopes to penetrate the UK market first, and their sales model allows the home-owner to pay for just the installation cost of the boiler, and not have to pay for the boiler itself. Flowgroup also operate Flow Energy, a home energy business, and Flow Battery - a compressed air backup power business.
Flowgroup Plc Ord 5P is listed on the London Stock Exchange trading with ticker code FLOW.L, and is part of the Engineering Products sector. It has a market capitalisation of £1,508m, with approximately 318m shares in issue. Over the last year, Flowgroup share price has been traded in a range of 22.625, hitting a high of 26.50, and a low of 3.875.
Flowgroup, officially known as Flowgroup Plc Ord 5P was formed in May of 2006, making the company eleven years old. The company filed its latest accounts on 31st December 2014, showing a turnover of approximately 33.36 million GBX with gross profits of 2.22 million, or 0.0070 per issued share, and a pre-tax profit margin of -30.26%. Flowgroup currently has 6 directors, and has had 8 previous directors over the last 11 years. In the last set of accounts produced by Pricewaterhousecoopers Llp, the company showed 6.74 million paid in salaries to the 137 staff (average wage of 49 thousand), with the directors receiving an average 131 thousand each. In the accounts filed in 2014, the company paid 0 in dividends. These accounts also showed Flowgroup to have a net worth of 4.75 million, with 8.36 million held in cash.
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|Shares in Issue||318m|
|52 Week High||26.50|
|52 Week Low||3.875|