Southbank UK Appoints New Commercial Director

Channel Island listed Southbank UK is focused on acquiring and developing engineering businesses that service the international power generation and oil and gas sectors. Its first acquisition in 2006 was of Luton-based Hayward Tyler Ltd, a leading manufacturer of pumps and motors for the power generation and oil and gas industries. In its latest figures, it reported revenues of £24.7million for Hayward Tyler with an order book of almost £50million – 80% of which is derived from overseas transactions.

Nicholas Flanagan joins Southbank UK from Jeyes Group Ltd, where he was Deputy Finance Director, having previously been Head of Corporate Finance at Kvaerner ASA, the international oil and gas services, construction and engineering company. Nick has a degree in Civil Engineering and qualified with Coopers & Lybrand.

Ewan Lloyd-Baker, CEO of Southbank UK, commented:

“Nicholas is an important addition to the Southbank team as we look to grow Hayward Tyler’s global presence as well as identify further complementary acquisition targets that are able to help energy and oil & gas companies maximise their resources.”

Hayward Tyler recently completed the construction and testing of the world’s largest subsea motor for use on Statoil’s Tyrihans project in the North Sea.