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Chris  Hargreaves, Managing Director - GS Hydro UK

"Custom Fittings are a 1st tier supplier to GS Hydro for stainless steel high and low pressure hydraulic components. For over 20 years Custom Fittings have been our preferred supplier due to the high ... Chris Hargreaves, Managing Director - GS Hydro UK

James Tidy, Director - Tidyco Ltd

We have been using Custom Fittings for many years now, they offer fantastic customer service as well as top of the range products. We could not recommend them more highly and will continue to use them... James Tidy, Director - Tidyco Ltd

Anthony Smith, Sales Director - Fluid Power Services Ltd

"Custom Fittings have been the number one supplier for stainless steel fittings to Fluid Power Services for over 25 years now.In the early years our requirements were for standard off the shelf parts ... Anthony Smith, Sales Director - Fluid Power Services Ltd

Paul Murphy, Sales Director - Dockweiler UK

"We have now been using Custom Fittings for over 10 years as our preferred supplier for all our hygienic hose inserts & ferrules ,We have found the quality of the finished products & the sales... Paul Murphy, Sales Director - Dockweiler UK

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Our latest news posts

  • UK Economic Growth Steady at 0.7%

    24 Nov 2015

    From the Greek crisis and the chance of a Greek exit from the Eurozone to the ongoing Chinese stock market devaluation, the potential for a slump in the UK’s economic growth was a very issue for the markets. Countless think pieces had been published, analysts thoughts collated and markets braced, and all eyes were on the Office for National Statistics. Now, they’ve announced that growth for the UK was recorded at 0.7% for the three months to June, further confirming the sure footing that the UK is currently on. The growth in the UK economy has a knock on effect to our own business where sales of stainless steel hydraulic fittings continues apace

    Economists have warned that the boost to trade might be temporary, because the persistent strength of sterling is making British goods increasingly expensive abroad. Indeed, what’s going on with the Chinese stock markets may yet hit the UK markets amid growing uncertainty as to China’s long term plan with their market.

    Still, the news will come as positive news to the government and chancellor, who were put on notice by the 0.4% growth that was recorded in the first quarter. That 0.4% growth was the sharpest drop off in growth in two years, and sparked worries amongst businesses that the UK might be levelling off at a time when it should be pushing on and growing amid relatively favourable global conditions. Analysts were confident at the time though, stating “The economic fundamentals look broadly positive for the UK, particularly for the consumer, and we believe growth will be largely healthy through the second half of 2015, Consumers’ purchasing power should see marked improvement due to extremely low consumer price inflation and strengthening earnings growth, while employment should see decent growth. Furthermore, it currently looks unlikely that interest rates will rise before 2016”

    Driving the Q2 growth was business investment, which rose 2.9% when compared to Q1 and was the highest figure in 12 months. Samuel Tombs, senior UK economist at Capital Economics, said the figure "put paid to the idea that uncertainty about the general election would weigh on capital expenditure". It was complimented by a household spending increase of 0.7%, down from the 0.9% recorded in the first quarter but this is likely offset by the lack of large sale season like we see in the opening months of the year. "With growth in households' real incomes set to remain supported by low inflation, building wage growth and strong job creation, we continue to think that the economic recovery will sustain its current pace in the second half of 2015," continued Mr Tombs.

    The Office for National Statistics state that output was increased in both services and production, reporting 0.7% and 1% respectively, though construction was flat and agriculture decreased by 0.7%. It’s a mixed bag for the nation, but for companies like Custom Fittings then the growth in production is great news, indicating a manufacturing base that is not only holding ground, but taking it too. In more general terms, GDP was 2.6% higher in Q2 than it was during the same period last year, and Q2 2015 found GDP 5.2% higher than the pre-economic downturn peak of Q1 2008. It’s worth remembering that from Q1 2008 to Q2 of that same year, the economy contracted by 6.0%.

    In related news, the CBI have said the UK is to enjoy “decent quarterly GDP growth” as it predicts growth of 2.6% this year and 2.8% for 2016, up from their June forecast of 2.4% and 2.5% respectively. The CBI expects interest rates to rise in the first quarter of next year, likely to 0.75% in the first quarter of 2015.

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  • What Might China’s Falling Stock Market Mean for the UK? Part 2.

    13 Oct 2015

    This is part two of our examination of the impacts that a slowdown in the Chinese economy could have on the UK. In part one we looked at what impact it might have on housing, so join us as we check in on interest rates, manufacturing and more.

    Interest Rates

    Before the Chinese market took its tumble, debate had been heating up over whether Mark Carney and his merry band of policymakers would lift the UK from its historically low interest rate of 0.5%, with popular thought suggesting that the rates might be increased in the first quarter of 2015. This latest turmoil in china may force the Bank of England into deeper thought though, as the global economic output doesn’t look as rosy as it did just a couple of months ago.

    Although Governor Mark Carney spoke last month on the issue of Chinese turmoil and its effect on UK interest rates, saying “Developments in China are unlikely to change the process of rate increases from limited and gradual to infinitesimal and inert.” But with global growth looking more uncertain and cheaper commodities keeping inflation low, the Bank might still decide that it’s not yet time to increase interest rates after all.

    Pensions and shares

    UK shares, like many world markets, have been hit by the dramatic swings on China’s exchanges. Almost £74 billion was wiped off the FTSE 100 on the worst day last week as it tumbled 4.7% in the wake of Black Friday. By the end of the week though, it’d recovered its losses and was buoyed by the brighter economic news coming from the US and some convincing emergency measures put into place by Chinese policymakers. Still, August was the worst month since May 2012 for the FTSE, losing 6.7% overall. Financial experts are advising pension savers with money in shares not to worry about short term volatility, but the real question is what long term returns look like.

    There are a couple of factors at play in the FTSE’s ups and downs. First, there’s the level of risk investors attach to shares in general. As sharp falls in Chinese stocks shook investors nerves around the world, many investors got rid of their more risky shares in favour of solid options like gold or government bonds. Many analysts think equities are likely to remain an attractive investment as the global economy slowly recovers and should remain attractive as long as yields on assets such as bonds remain low and commodity prices stay above recent lows.

    The second factor on the FRSE is the importance of mining and energy-company shares in the index. If China requires less iron ore, oil and copper, shares could hit a low and damage the market further.


    Confidence has been shaken in the UK’s European trading partners, and so many businesses have been looking to China for opportunities over the last few years. With China now looking a more uncertain prospect, the British Chambers of Commerce have warned that it could be felt in some way in the UK. Furthermore, many British companies in supply chains could be affected if China’s ability to trade in the volume it does is compromised. Our exposure at Custom Fittings is minimal.

    At the moment, China is a relatively small part of the UK’s export business, accounting for less than 5% of UK exports. There would be a slowdown of sales in luxury cars and consumer goods, which the UK is somewhat renowned for. Perhaps the greater danger is the way businesses in the UK are perceiving the threat from the Chinese market fall, with almost half of all companies polled by the EEF said they were concerned about a possible sharp slowdown in China. That sort of fear might hold back UK businesses from investing in themselves and expanding their reach globally. Part of the UK’s good growth has been from businesses investing in themselves once again, and losing that would indeed damage the UK.

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    Posted In: Uncategorized

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