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Pin to quick picksMarlowe Share News (MRL)

Share Price Information for Marlowe (MRL)

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Share Price: 433.50
Bid: 430.00
Ask: 437.00
Change: -27.00 (-5.84%)
Spread: 7.00 (1.628%)
Open: 462.00
High: 470.00
Low: 435.00
Prev. Close: 462.00
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Marlowe buys BBC Fire Protection for up to £8.3m

Fri, 03rd Feb 2017 07:48

(ShareCast News) - Marlowe, which buys and develops maintenance services providers, has bought BBC Fire Protection for up to £8.3m on a cash and debt free basis.The AIM-listed company believes that the acquisition will expand the scale of its fire division, offer synergy benefits and provide additional critical mass and route density in different geographical regions, and increase its customer base and recurring revenues.The company also thinks that BBC Fire Protection would extend Marlowe's market position to become one of the four largest providers of fire protection services in the UK as well as immediately enhance its earnings.The total consideration for the acquisition is £8.3m, which includes £4.2m of cash held by BBC Fire Protection and a long leasehold property valued at about £500,000. The acquisition will be financed from the Marlowe's existing cash resourcesFor the year ended 31 December 2015, BBC Fire Protection generated £9.1m of revenue, earnings before interest, tax, depreciation and amortisation (EBITDA) of £1m and a pre-tax profit of £600,000.At the end of November 2016 BBC Fire Protection had assets worth £5.9mAlex Dacre, chief executive of Marlowe, said: "The acquisition of BBC Fire Protection is a further significant step in our strategy of consolidation of the UK fire protection sector. The business benefits from strong recurring revenues, longstanding customer relationships and will further strengthen our national coverage."Shares in Marlowe were up 3.29% to 392.50p at 0822 GMT.
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24 Nov 2022 14:34

DIRECTOR DEALINGS: Darktrace strategy chief banks GBP5.0 million

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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23 Nov 2022 11:33

Marlowe profit rises after surge in revenue from acquisitions

(Alliance News) - Marlowe PLC on Wednesday said profit jumped in the first half of its financial year, following strong revenue growth from acquisitions.

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23 Nov 2022 07:11

Acquisitions boost 'strong' first-half performance at Marlowe

(Sharecast News) - Marlowe posted a surge in half-year revenues on Wednesday, buoyed by acquisitions and solid organic growth.

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15 Sep 2022 10:00

TOP NEWS: THG shares fall as cuts earnings guidance, changes directors

(Alliance News) - THG PLC on Thursday cut its earning guidance for 2022 despite narrowing its interim loss, amid a board shake-up as two directors left and two joined.

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14 Sep 2022 13:23

Marlowe reports 'strong' progress in year-to-date

(Sharecast News) - Business software and regulatory service provider Marlowe updated the market on its recent trading on Wednesday, reporting "strong" financial progress, in line with expectations.

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14 Sep 2022 10:57

Marlowe posts strong start to year, anticipates significant growth

(Alliance News) - Marlowe PLC on Wednesday impressed investors with a cheerful update on its year-to-date, as the software and services firm proves to be well-situated to manage a challenging economic environment.

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7 Sep 2022 15:54

UK shareholder meetings calendar - next 7 days

Thursday 8 September 
Atlantis Japan Growth Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM proposed equity capital raise
Caretech Holdings PLCGM takeover by Sheikh Holdings Group
Chariot LtdAGM
Chelverton UK Dividend Trust PLCAGM
Currys PLCAGM
Euromoney Institutional Investor PLCGM re takeover offer by Astorg and Epiris
Gabelli Merger Plus+ Trust PLCGM tender offers
Invesco Asia Trust PLCAGM
LendInvest PLCAGM
Lindsell Train Investment Trust PLCAGM
Montanaro European Smaller Cos Trust PLCAGM
Polar Capital Technology Trust PLCAGM
ScotGems PLCGM re voluntary liquidation
Semper Fortis Esports PLCAGM
Severfield PLCAGM
Speedy Hire PLCAGM
SysGroup PLCAGM
WH Ireland Group PLCAGM
XPS Pensions Group PLCAGM
Friday 9 September 
Baillie Gifford UK Growth Trust PLCAGM
BH Macro LtdAGM
CLS Holdings PLCGM re tender offer
Gear4Music Holdings PLCAGM
Newcrest Mining LtdAGM
Pensana PLCAGM
ReNeuron Group PLCAGM
SVM UK Emerging Fund PLCAGM
Victoria Oil & Gas PLCAGM
Voyager Life PLCAGM
Monday 12 September 
Haydale Graphene Industries PLCGM re fundraising
SDCL Energy Efficiency Income Trust PLCAGM
Warehouse REIT PLCAGM
Tuesday 13 September 
Alpha Financial Markets Consulting PLCAGM
Industrials REIT LtdAGM
Mercia Asset Management PLCAGM
R&Q Insurance Holdings LtdSGM
Rockwood Strategic PLCAGM
Wizz Air Holdings PLCAGM
Wednesday 14 September 
Augmentum Fintech PLCAGM
B90 Holdings PLCAGM
Best of the Best PLCAGM
Dev Clever Holdings PLCAGM
Fulcrum Utility Services LtdAGM
Grafenia PLCAGM
Hornby PLCAGM
Marlowe PLCAGM
Purplebricks Group PLCAGM
Sutton Harbour Group PLCAGM
  
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7 Jul 2022 18:03

DIRECTOR DEALINGS: Next CEO's trust purchases GBP10 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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28 Jun 2022 09:48

Marlowe swings to profit as revenue gets boost from acquisitions

(Alliance News) - Marlowe PLC on Tuesday reported a swing to a profit through a jump in revenue, boosted by organic growth and the contribution of its many acquisitions throughout the year.

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8 Jun 2022 14:45

IN BRIEF: Marlowe buys compliance consultancy HR Solutions

Marlowe PLC - London-based software & service provider for safety and regulatory compliance - Buys compliance consultancy Business HR Solutions Consultancy Ltd & Business Human Resources Solutions Ltd. Transaction of GBP6.1 million is settled in cash.

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8 Jun 2022 09:44

Marlowe acquires HR Solutions in £6.1m deal

(Sharecast News) - Business and regulatory compliance software company Marlowe has acquired Business HR Solutions Consultancy and Business Human Resources Solutions, which trade together as HR Solutions, it announced on Wednesday.

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25 May 2022 20:03

TRADING UPDATES: SDX supports takeover by Tenaz; Marlow buys

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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25 May 2022 12:03

Marlowe acquires Cedrec Information Systems in £3m deal

(Sharecast News) - Safety and regulatory software and service provider Marlowe has acquired environmental health and safety data platform Cedrec Information Systems, it announced on Wednesday, for an enterprise value of up to £3m.

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19 Apr 2022 13:42

IN BRIEF: Marlowe buys occupational health services provider TP Health

Marlowe PLC - London-based software and services for safety and regulatory compliance - Buys TP Health (Holdings) Ltd for enterprise value of GBP14.9 million. Marlowe will make an upfront cash payment of GBP13.3 million from its existing cash resources, followed by an estimated GBP1.6 million in performance-related contingent consideration. Northampton, England-based TP Health provides occupational health services in the UK and will join Marlowe's Governance, Risk & Compliance division. TP Health recorded pretax profit of GBP1.0 million on GBP14.6 million in revenue in 2020. It was established in 2006 and employs about 240 people, including 130 clinical professionals.

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