Island-based kettle safety controls firm Strix fell under the gaze of a leading shares tipster.

Questor in the Daily Telegraph’s business section believes shares in the AIM-listed business are worth buying.

The company, based at Forrest House, Ronaldsway, is the world’s largest group in the design, manufacture and supply of kettle safety components.

Questor, written by Russ Mould, advises its readers: ‘Strix could be a worthwhile income generator for patient investors’ and advises: ‘BUY.’

It is another feather in the cap for Strix which listed on the AIM, the ‘junior’ arm of the London Stock Exchange, last August.

Strix has manufacturing operations in two locations, Ramsey and Guangzhou, China.

The Questor column says: ‘Kettle control and safety devices may not sound exciting but they are important and that is what makes Strix, the leader in this niche field, an interesting stock, especially for income seekers.

‘Strix claims a global market share of some 40 per cent, thanks to its longstanding relationships with leading brands and the up and coming legion of Chinese appliance makers.’

The article adds that the world market is probably growing at a mid single-digit rate annually and China is a ‘key component of that’.

The tipster column says that in 2017, the company made an operating profit of £26.2m on sales of £91.3m for an impressive margin of 28.7 per cent.

It points out that strong patent protection should help to defend the company and its intellectual property against would-be providers of cheaply copied products.