Nature Group Plc 2017-06-28T11:24:30+00:00

Nature Group specializes in handling marine pollution (Marpol) and offshore waste and has more than 25 years experience in collection and treatment. There are three divisions: the largest is the Maritime division which provides port facilities in Rotterdam and Texas that collect and dispose of liquid and solid waste from ships. The Oil and Gas division provides equipment from bases in Aberdeen and Stavanger that converts liquid waste on offshore drilling rigs into clean water and compacted sludge. The Engineering division, based in Stavanger, develops the Group’s technology and provides consultancy services.

Exchange: London Main (NGR)

Financial Data from Exchange website: LSE summary

Recent Financial Report: Interim results to 30 June 2016

Further Information: In January 2017 the company announced the sale of its Gibraltar port subsidiary. This facility had been the company’s major source of revenue but in 2011 a fire severely limited operations. After several years of providing expensive alternatives, and after permission to re-build was continuously delayed, the subsidiary was declared to be a discontinued operation in 2015 and was put up for sale.

The Group’s financial position was weakened by problems in Gibraltar, as well as by the drop in oil price in 2014 (oil is one output from the port facilities). In 2015 action was taken to re-structure and cut costs. These included selling off an engineering site in Cornwall and regrouping administrative functions in Holland.

Contact Details: Ordnance House, 31 Pier Road, St. Helier, Jersey JE4 8PW, U.K.

Chairman: Berend van Straten

CEO: Jan Vesseur

Website: www.ngrp.com

Fields of interest: Other

 

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