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Don't have an account? Click here to register.HML Holdings buys property management group Daunsons Soar
Fri, 30th Nov 2018 13:03
(Sharecast News) - HML Holdings has bought Pimlico-based property management business Dauntons Soar for up to £669,000.The AIM-listed provider of property management, insurance and ancillary services to residential blocks said the initial payment of £467,000 will be satisfied in cash from its existing facilities.The consideration includes additional performance-related retention payments of up to £202,000, which will be subject to the achievement of certain criteria and will be payable 12 and 24 months after the acquisition date.Dauntons has been operating as a property services business for more than 75 years. It has grown to manage over 600 units in 110 blocks in the central London (SW1) market. In 2007, the company's managing director, Simon Pring, bought the block management business from his former partners and has owned and managed the business ever since.HML's chief executive Rob Plumb said: "This is a strategically important acquisition for HML, extending our reach into an attractive central London market."We are pleased to welcome Simon and the team at Dauntons Soar Management Limited into the HML family. They bring with them a wealth of knowledge in this niche and extremely attractive sector of the property management market."At 1300 GMT, the shares were down 8.2% to 28p.
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7 Jul 2014 09:21
HML Holdings acquires Chilton Estates Management
AIM-listed HML Holdings has acquired Chilton Estates Management (CEM), a property management business based in Bath, Avon. The property management, insurance and ancillary services provider paid £545,000 cash, which it will fund from its existing cash balances. It will potentially pay a further £
Read more19 Jun 2014 08:41
HML Holdings Annual Profit Driven By Revenue Growth, Acquisitions
LONDON (Alliance News) - HML Holdings PLC Thursday reported an increase in profits for its last financial year on the back of strong revenue growth, and committed to paying a maiden dividend in the year ahead. The property management services group reported a pretax profit of GBP1.0 million
Read more29 May 2014 10:37
HML Holdings to buy Alan Foster & Associates
HML Holdings has agreed to buy block property management business Alan Foster & Associates, based in Guildford, Surrey. HML, which provides property management, insurance and ancillary services to residential property blocks, will pay £361,000 in cash for the firm. Alan Foster & Associates produc
Read more29 May 2014 08:57
HML Holdings Buys Surrey Property Management Firm For GBP361,000
LONDON (Alliance News) - Property management group HML Holdings PLC Thursday said it has acquired the block property management business of Alan Foster & Associates, based in Guildford, Surrey, in a deal worth GBP361,000 in cash. The transaction includes a performance-related retention paym
Read more29 May 2014 07:25
UK MORNING BRIEFING: Kingfisher Shares Fall 5% Amid Firm Open
LONDON (Alliance News) - UK shares are higher at open Thursday, ahead of some US economic data later in the day.
B&Q and Screwfix owner Kingfisher is leading FTSE 100 fallers, down 5.4%. Despite showing a strong increase in its retail profit for the first quarte
11 Apr 2014 08:31
HML Expects Full-Year Earnings Marginally Ahead Of Market Expectations
LONDON (Alliance News) - HML Holdings PLC Friday said it expects to report that earnings in its last financial year were marginally ahead of market expectations, as trading in the second-half was helped by the integration of acquisitions and the cross-selling of services. "Organic growth an
Read more21 Jun 2010 08:13
HML Holdings FY Pretax Profit GBP0.17M Vs Loss GBP1.25M
LONDON (Dow Jones)--HML Holdings Plc (HMLH.LN), a property management services Group, announced Monday it made a pretax profit of GBP0.17 million for the year ended March 31, compared with a loss of GBP1.25 million. MAIN FACTS: -Revenue: GBP9.03 million (2009: GBP8.65 million) -Operatio
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