Inspirit Energy Regulatory News (INSP)

1 Sep 2005 07:00

Inspace Plc01 September 2005 Press Release 1 September 2005 Inspace plc ("Inspace" or "the Company") Contract Award Inspace plc (AIM:INSP), the property based support services business that hasestablished itself as one of the UK's leading social housing repair andmaintenance providers, is pleased to announce a new contract award from theLondon Borough of Hammersmith and Fulham. The award is expected to be wortharound £80 million over the full 10 year period. The Group's order book nowexceeds £450 million, extending as far as 2020. Inspace will provide the London Borough of Hammersmith and Fulham withresponsive repairs and maintenance services to 6,000 properties in the south ofthe borough and assume responsibility for managing void properties across thecouncil's entire portfolio of 13,000 units. - Ends - For further information:Inspace plcColin Enticknap, Executive Chairman Tel: +44 (0) 1462 678 910colin.enticknap@inspace.co.uk www.inspace.co.uk Seymour PierceMark Percy, Corporate Finance Tel: +44 (0) 20 7107 8000markpercy@seymourpierce.com www.seymourpierce.com Media enquiries:AbchurchHenry Harrison-Topham Tel: +44 (0) 20 7398 7700henry.ht@abchurch-group.com www.abchurch-group.com Notes to editors Inspace plc is a property based support services business that has establisheditself as one of the UK's leading social housing repair and maintenance serviceproviders with a turnover of over £100 million and a current order book whichnow exceeds £450 million and stretches as far as 2020. The Company has three complementary areas of activity delivered through fourbusiness streams under the Inspace brand: Partnerships provides repair, maintenance and improvement of social housingstock which includes maintenance of building fabric, maintenance of engineeringservices reinstatement of void homes, minor capital projects and Decent Homesimprovement works under regeneration schemes. Maintain and Environment provides repair, maintenance and improvement ofcorporate and public sector non-housing real estate. Maintain is one of the UK'slargest fabric maintenance businesses delivering an integrated 24/7 reactiveservice and planned maintenance & minor capital works with a nationalinfrastructure across England, Scotland and Wales. Environment performsmechanical and electrical maintenance. Complete provides interior design, installation and furnishing of corporate andpublic sector non-housing real estate. The design led service offers itscustomers an integrated 'one stop' solution. There are natural synergies withMaintain and Environment's customer base. Industry forecasts show a steady social housing repair and maintenance marketover the next 15 years, running at around £4 billion per annum. These forecastsillustrate the constant need for repairing and improving housing stock. Theprivate non-residential repair and maintenance market was indicated to be worthapproximately £14 billion in 2004, representing approximately 32.1 per cent. ofthe total UK repair and maintenance market. Further information on Inspace can be found at http://www.inspace.co.uk This information is provided by RNS The company news service from the London Stock Exchange