Our strategy is to deliver total shareholder returns by the continued profitable development of our businesses through a combination of organic growth, capital investment and selective acquisitions.
![Strong-management.jpg](https://www.nwf.co.uk/application/files/1516/9469/7770/Strong-management.jpg)
![Growth-opportunities.jpg](https://www.nwf.co.uk/application/files/1316/9469/7755/Growth-opportunities.jpg)
![Asset-backing.jpg](https://www.nwf.co.uk/application/files/5916/9469/7571/Asset-backing.jpg)
![Focus-returns.jpg](https://www.nwf.co.uk/application/files/5916/9469/7666/Focus-returns.jpg)
![Good-cash-generation.jpg](https://www.nwf.co.uk/application/files/4716/9469/7691/Good-cash-generation.jpg)
![Growing-dividend.jpg](https://www.nwf.co.uk/application/files/4116/9469/7711/Growing-dividend.jpg)
£32 million of cash generated from operating activities
107.6%
cash conversion (2022: 97.7%)