Noble Denton Honored
Noble Denton Group has joined an elite group of British businesses as it secured 59th place in this year’s Sunday Times Deloitte Buyout Track 100 list. Now in its second year, the prestigious league table ranks Britain’s top 100 private equity-backed mid-market companies with the fastest growing profits (EBITDA) over two years. The research analyses the profit performance of private equity-backed companies, rather than just the buyout deals. Noble Denton is one of 12 energy firms on the list and achieved 39.9% annual profit growth in 2006. The company joined forces with two Norwegian private equity firms, HitecVision and Ferncliff TIH in the same year.
Projected Accident Rate for HSC Higher than Experienced
A recent Formal Safety Assesment (FSA) for high speed catamaran ferries (HSC) has revealed the projected accident rate for this type of vessel is nearly five times the rate currently experienced. Also, the predicted risk level is considered high in relation to generally accepted limits of tolerability, arising from the potential for collision accidents at high speed in confined waters, such as coastal, port approach or harbor areas, where traffic density is likely to be highest. The findings of this study prompted the U.K. to develop risk control options, which were evaluated for both their effectiveness at reducing the risk of accident, as well as the cost of implementation. High speed catamaran ferries (HSC) constitute a rapidly developing sector of the shipping industry.
