Inspirit Energy Regulatory News (INSP)

31 Jan 2006 07:00

Inspace Plc31 January 2006 Press Release 31 January 2006 Inspace plc ("Inspace" or "the Company") Pre-close statement Inspace plc (AIM: INSP), the property based support services business that hasestablished itself as one of the UK's leading repair and maintenance serviceproviders, will announce its results for the year ended 31 December 2005 onTuesday 4 April 2006. An analyst briefing will be held at 09:30 that samemorning at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS. The Directors are pleased to confirm that the overall trading position is inline with market expectations. The three new social housing maintenance contracts announced in the interimstatement in September, expected to contribute, in aggregate, approximately £160million of revenues during their lifetime, have been successfully mobilised. Inthe meantime, the social housing sales pipeline has continued to grow, with ahealthy level of opportunities being nurtured at the tracking, prequalificationand tender stages. Good progress has also been achieved in relation to the realignment strategy forthe Company's non-housing activities, aimed at improving operationalefficiencies and at reducing dependence upon private sector customers whotraditionally offer lower levels of order book visibility. All non-housingmaintenance has now been streamlined within one operating business offering anintegrated one-stop-shop service, and the majority of Inspace's non-housingsales pipeline, which has grown strongly, now reflects public sectoropportunities. The Directors are very satisfied with the progress achieved during the firstyear on AIM and are confident that a good platform has been established forfuture growth. - 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: 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 provides repair, maintenance and improvement of public and corporatesector non-housing real estate. Maintain is one of the UK's largest fabricmaintenance businesses delivering an integrated 24/7 reactive service andplanned maintenance & minor capital works with a national infrastructure acrossEngland, Scotland and Wales. Maintain also offers mechanical and electricalmaintenance capable of stand alone or integrated service delivery to suitcustomer requirements. 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'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 www.inspace.co.uk This information is provided by RNS The company news service from the London Stock Exchange