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24/01/2013

2013 shaping up to be a great year for hydraulics company

A Tyneside hydraulics firm has proven it is fit for purpose after signing a deal to provide maintenance support to the company behind Britain's latest exercise system.

Quick Hydraulics, which is based in North Shields, has been named as service partner for SpeedFlex across the UK and will provide specialist maintenance support for its fitness machines.

The announcement was made at an open evening to showcase the development and growth of Quick Hydraulics and the unveiling of a newly extended facility at its base at New York Industrial Park before more than 100 guests.

The company was started 30 years ago and provides hydraulic design and manufacture, installation, commissioning and service to customers around the world.

Managing director Andrew Esson said: "Our vision has been to establish Quick Hydraulics as the leading technology experts in hydraulic systems in the north of England.

"We have a fantastic team and we are delighted that their technical capability and strong service ethos has led to this partnership with SpeedFlex."

Paul Ferris, of SpeedFlex, said: "As a young and innovative company it is important that SpeedFlex forms relationships with professional and reliable partners. It is clear that Andrew and his team at Quick Hydraulics will provide us with excellence as we both move forward."

The US-born system, which provides a high-intensity, low-impact workout, was brought to the UK by co-founder of software giant Sage Graham Wylie, who has plans to expand from his Newcastle centre run by Mr Ferris to five centres in the UK and on to the Middle East. 

The new deal follows a record year for Quick Hydraulics which saw it increase turnover by 25 per cent and secure top place in the Ernst & Young Manufacturers' League of the region's most successful manufacturing firms.

Mr Esson led a management buy-in (MBI) 16 months ago with investment from Santander.  FW Capital stepped in once the MBI had been completed to provide Quick Hydraulics' management team with the capital they needed for expansion.

Commenting on Quick Hydraulics' success, Rob Jones of FW Capital said:  "Quick Hydraulics' tie-up with SpeedFlex is excellent news and testament to the management team's long-term focus and hard work.  We're pleased that FW Capital was able to structure an investment that has underpinned such a successful year for the company and we look forward to further success in 2013."  

Since the MBI the team has grown from 14 to 22 plus three new apprentices .  The company has also invested in new technologies, a new customer training school and office and meeting room facilities.  Mr Esson, North East Business Executive of the Year 2011 for Tyneside and Northumberland, added: "The opening of this extension and the new partnership has got 2013 off to a great start and gives us a great platform from which we plan to grow further this year, including expanding with a new base in Aberdeen."

The company stocks a wide range of hydraulic products and also runs hydraulic engineering training courses.

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