The global economy may be slowing, and geo-political risks have certainly escalated this year, but this is not holding back Isle of Man-based Strix, a global leader in the manufacture and design of kettle safety controls and one with strong relationships with global original equipment manufacturers (OEMs).
It’s hardly surprising given that kettles are replaced on average every three and a half years which secures around 90 per cent of the company’s annual revenue, an income stream that is heavily patent protected and enforced vigorously through intellectual property actions. Strix’s heating controls are installed in 35 per cent of the 196m new appliances that are manufactured globally each year.
Strix Group Plc (LON:KETL) manufactures and sells kettle safety controls and other components worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters.