Featured in Amati VCT newsletter15 May 2018 13:24
Amati are large investors in PTSG, and their quarterly newsletter just out yesterday features PTSG nicely:
"Premier Technical Services Group (�PTSG�) - PTSG is the UK�s leading provider of a range of building maintenance and safety services. These include tall building access and fall arrest equipment, lightning protection and electrical testing, steeplejack and rope access services, and fire solutions. The group employs more than 600 people across 17 UK sites, and services more than 150,000 buildings for over 17,000 customers. Despite more than twenty acquisitions over the last ten years, PTSG has no more than a 9% market share across its divisional activities, which illustrates both how fragmented its end markets are, and also the potential for further consolidation. By their nature, PTSG�s services are mainly non-discretionary and recurring, often linked to annual insurance reviews or building inspections, and involve skilled engineers so that margins are attractive.
Alongside its acquisitions, PTSG is achieving solid organic growth with the potential to enhance this through cross-selling. At present, 90% of clients take only one service line. Following the Grenfell tragedy, there is significant demand for the sprinkler systems and dry risers supplied by the fire solutions division. PTSG is run by a very experienced management team, who previously built and sold a similar services group to Interserve plc for �120 million in 2006. The company is held in the TB Amati Smaller Companies Fund, the Amati AIM VCT and the Amati AIM IHT Service."
Sign In
Follow the stocks
