Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAUG.L Share News (AUG)

  • There is currently no data for AUG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Franchise Brands hires new finance chief after reporting revenue soars

Fri, 28th Jul 2023 17:26

(Alliance News) - Franchise Brands PLC on Thursday said it will appoint Mark Fryer to the board as chief financial officer, effective from Wednesday next week, after it reported rising revenue in the first half of 2023.

The Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands said he would replace Interim CFO Andrew Mallows, who will return to his former non-board role of group commercial director.

The company noted Fryer's recent roles as CFO of Augean PLC, Dialight PLC and Manganese Bronze Holdings PLC.

Franchise Brands also described him as an "experienced" CFO with 25 years of public company and private equity experience as CFO in global manufacturing and business service companies, including at FTSE Small Cap, FTSE 250 and AIM-quoted companies.

"His extensive experience in senior finance positions within listed, international and business services companies will be invaluable as we continue to drive the group's growth across ten countries following the acquisitions of Pirtek and Filta," said Executive Chair Stephen Hemsley.

Fryer added: "" am delighted to be joining such an ambitious business at an exciting time in its development, following the recent acquisitions. I look forward to working with Stephen and the team to build on the group's expanded platform of market-leading franchise businesses and driving shareholder value over the coming years.

Shares in Franchise Brands closed down 2.5% to 136.53 pence each in London on Friday.

Earlier Thursday, Franchise Brands said revenue in its first half of 2023 rose 57% to GBP69.8 million, from GBP44.5 million. Adjusted earnings before interest, tax, depreciation, and amortisation rises 67% to GBP12.1 million, up from GBP7.3 million the year before. It also declared interim dividend of 1.0p per share, up 11% on 0.9p per share the year before.

The company said it has a positive outlook for the rest of the year, anticipating a full year performance at least in line with expectations.

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
1 Mar 2021 11:22

TRADING UPDATES: CentralNic revenue doubles; Augean swing to profit

TRADING UPDATES: CentralNic revenue doubles; Augean swing to profit

Read more
18 Jan 2021 10:41

LONDON AIM WINNERS & LOSERS: CPPGroup Earnings To Beat Forecasts

LONDON AIM WINNERS & LOSERS: CPPGroup Earnings To Beat Forecasts

Read more
18 Jan 2021 10:10

Augean Shares Rise On Expected Return To Dividend Payout, Solid Profit

Augean Shares Rise On Expected Return To Dividend Payout, Solid Profit

Read more
26 Oct 2020 17:25

IN BRIEF: Augean Says UK HMRC To Repay GBP1.6 Million In Landfill Tax

IN BRIEF: Augean Says UK HMRC To Repay GBP1.6 Million In Landfill Tax

Read more
26 Oct 2020 16:08

HMRC to repay £1.6m in landfill tax to Augean

(Sharecast News) - Waste management business Augean has been notified by HMRC that it will be repaying £1.6m of landfill tax to the company, it announced on Monday.

Read more
21 Sep 2020 15:38

IN BRIEF: Augean Says Interim Showing Creditable Amid Virus Crisis

IN BRIEF: Augean Says Interim Showing Creditable Amid Virus Crisis

Read more
18 May 2020 18:53

Unicorn Maintains Dividend Amid Covid-19 Despite Performance Decline

Unicorn Maintains Dividend Amid Covid-19 Despite Performance Decline

Read more
18 May 2020 15:11

Augean Files Claim With HMRC For Repayment Of Landfill Tax

Augean Files Claim With HMRC For Repayment Of Landfill Tax

Read more
18 May 2020 08:04

Augean lodges claim for repayment of landfill tax

(Sharecast News) - Specialist waste management company Augean has lodged a claim with HMRC for the repayment of £11.1m of landfill tax including interest, it announced on Monday, which it said was overpaid in relation to engineering materials used as part of its landfills cell construction, or the 'fluff layer'.

Read more
26 Feb 2020 11:13

Augean Suspends Dividend Until Debt Reduction, Swings To Annual Loss

Augean Suspends Dividend Until Debt Reduction, Swings To Annual Loss

Read more
13 Jan 2020 15:22

Augean reports continued strength through fourth quarter

(Sharecast News) - Specialist waste management company Augean updated the market on its trading on Monday, reporting that it had continued to be strong through the final quarter.

Read more
13 Jan 2020 09:58

Augean Profit In Line With Upgraded Expectations As Trading Goes Well

Augean Profit In Line With Upgraded Expectations As Trading Goes Well

Read more
10 Dec 2019 14:44

Augean Pays Disputed GBP40 Million UK Tax To Stop Interest Accrual

Augean Pays Disputed GBP40 Million UK Tax To Stop Interest Accrual

Read more
4 Dec 2019 11:52

Unicorn AIM Warns On Share Price As UK Political Uncertainty Ramps Up

Unicorn AIM Warns On Share Price As UK Political Uncertainty Ramps Up

Read more
18 Oct 2019 16:02

Augean acquires option over land next to existing Peterborough site

(Sharecast News) - Specialist waste management company Augean has acquired an option to purchase approximately 90 acres of land adjacent to its existing East Northants Resource Management Facility (ENRMF) landfill site near Peterborough, it announced on Friday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.