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Flowtech Fluidpower plc has appointed Cooper Parry Group Limited as its new external auditor for the year ending 31 December 2025, effective from 23 September 2025, following a competitive tender process. The Board accepted the resignation of its previous auditor, Grant Thornton UK LLP, which had served for 11 years since the Company's IPO in 2014. Grant Thornton UK LLP confirmed that there are no matters to be brought to the attention of the Company's shareholders or creditors, in accordance with Section 519 of the Companies Act 2006.
| Date | 1 Oct 2025 |
| Time | 10:39:57 |
| Category | Corporate updates |
| ID | 6366B |
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NEWS RELEASE
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Issued on behalf of Flowtech Fluidpower plc
Wednesday, 1 October 2025
Flowtech Fluidpower plc
("the Company")
Change of Auditor
Flowtech Fluidpower plc (LSE: AIM Market symbol: FLO) announces that, following a competitive tender process initiated by FLO, it has approved the appointment of Cooper Parry Group Limited (Cooper Parry), as its new external auditor for the year ending 31 December 2025. The appointment is effective from 23 September 2025.
Accordingly, the Board has accepted the resignation of its current auditor Grant Thornton UK LLP (GT), after a tenure of 11 years. The Directors thank GT for its services to the Company since IPO in 2014. In accordance with Section 519 of the Companies Act 2006, GT has confirmed to the Company that there are no matters to be brought to the attention of the Company's shareholders or creditors. This notice will also be uploaded to the Company's website Investor Hub | Flowtech.
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FURTHER ENQUIRIES TO: |
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Flowtech Fluidpower plc Mike England, Chief Executive Officer Russell Cash, Chief Financial Officer & Company Secretary Tel: +44 (0) 1695 52759 |
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Panmure Liberum (Nominated Adviser and Joint Broker) Nicholas How, Managing Director, Investment Banking William King, Assistant Director, Investment Banking Tel: +44 (0) 20 3100 2000 |
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Singer Capital Markets (Joint Broker) Tom Salvesen, Head of Investment Banking James Todd, Associate, Investment Banking Tel: +44 (0) 207 496 3000 |
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TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: +44 (0) 7785 703523 Email: fiona@tooleystreet.com |
EDITORS NOTE:
Flowtech Fluidpower plc (AIM:FLO), is the largest supplier of fluid power products, systems and solutions in the UK, Ireland, and Benelux. As a specialist we have the expertise and experience our customers need to help them minimise downtime, optimise performance and maximise the lifespan of operations. Today, the Company is a strong market leader in a highly fragmented £30bn European market. We work across all industry sectors, serving the needs of our customers who are designing, building, maintaining, and improving industrial plant, equipment, and operations.
To read more about the Group, please visit: Investor Hub | Flowtech.
