Norbar Torque Tools Limited

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Norbar Torque Tools Limited - overview

Established

1942

Location

Banbury, -, UK

Primary Industry

Industrial Machinery

About

Norbar Torque Tools Limited specializes in the design and production of precision torque tightening and measuring equipment, serving diverse industries such as automotive and aerospace with reliable and accurate tools. Founded in 1942, Norbar Torque Tools Limited focuses on the design and manufacture of torque tools. The company operates from its headquarters in Banbury, Oxfordshire, England, and has expanded its presence globally across four continents. Its founder, John D.


Norbar, initiated the company with a vision to provide high-quality torque tools to the engineering industry. Norbar Torque Tools specializes in the design, development, and production of torque tightening and measuring equipment, which includes a comprehensive range of torque wrenches, multipliers, and calibration equipment. These tools are engineered to ensure reliability and accuracy, essential for high-quality manufacturing and assembly processes across diverse industries such as automotive, aerospace, and general engineering. Notable products from Norbar include the Industrial 5R-N Ratchet adjustable torque wrench and the TTi20 Torque Wrench, both of which are designed to meet specific torque requirements while providing ease of use and precision.


The company operates on four continents, delivering its products to a global customer base that includes world-class manufacturers seeking to maintain high standards in their assembly operations. Norbar's commitment to customer service extends to offering calibration and recalibration services, ensuring that their tools perform to original factory standards, thus enhancing user confidence and satisfaction. Norbar Torque Tools generates revenue through direct sales of its torque tools and calibration services to both B2B and consumer markets. The company engages in transactions with a diverse clientele, including manufacturers, distributors, and end-users, who rely on Norbar’s products for their critical assembly tasks.


Transaction structures typically involve direct purchases of equipment, with customized solutions offered for clients with specific technical needs. Additionally, Norbar provides ongoing support and after-sales services that enhance customer loyalty and repeat business. The company's pricing strategy reflects its positioning as a provider of high-quality engineering tools, with flagship products such as the Industrial 5R-N and TTi20 torque wrenches serving as key revenue drivers in their sales portfolio. By maintaining rigorous quality standards and customer engagement, Norbar solidifies its market presence and revenue generation capabilities.


Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery

Website

www.norbar.com

Verticals

Manufacturing

Total Amount Raised

Subscriber access only

Norbar Torque Tools Limited - financials

Fiscal Year EndedDec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022
Revenue (USD)31,472,45433,436,819---
% Revenue Growth (YoY)-6.2%---
EBITDA (USD)2,689,6744,685,627---
Operating Income (USD)1,765,0523,775,707---
Operating Margin5.6%11.3%---
% EBITDA Margin8.5%14.0%---
NET Income (USD)1,639,1943,073,912---
% Net Margin5.2%9.2%---

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