Last checked at 11 Nov 2010 07:00
Managed Support Services plc
("MSS" or the "Group")
Contract Win & Trading Update
Contract Win
Managed Support Services plc, the technical building and environmental compliance services provider is pleased to announce that it has signed a five year contract for the provision of building services, including the management of complex data centres, with The Co-operative Group. Service provision commences on 1 December 2010.
Planned revenues for the core maintenance services are scheduled to be in excess of £1 million per annum and a range of other services are also expected to be provided.
The Board regards this contract win as an important validation of the Group's investment in creating a competitive services platform nationwide, capable of meeting the complex needs of major corporate customers. The Group continues to pursue similar opportunities.
Trading Update
The results for the half year ended 30 September 2010 are expected to reflect the competitive conditions in some of the Group`s markets. The Board is pleased with progress on sales gains, as illustrated by today's announcement. Today's contract announcement will contribute materially to sales growth in the next financial year.
The Board is also pleased to confirm that the integration of the recently acquired ECS business into the Group is proceeding smoothly and that early trading indications are promising. The Group has very low levels of debt and no material exposure to government related spend.
The results for the half year ended 30 September 2010 will be announced in early December 2010.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Managed Support Services plc: | |
Simon Beart, Chief Executive Piers Wilson, Finance Director | 07710 444370 01483 735703 |
Cenkos Securities plc: | |
Nick Wells / Stephen Keys | 020 7397 8900 |
Buchanan Communications: | |
Richard Darby / Helen Chan | 020 7466 5000 |
Merchant Securities:
Graeme Cull / Simon Clements 020 7382 0933
Notes to editors
Managed Support Services plc is one of the UK's leading suppliers of compliance and technical building services. The Company provides compliance services, fabric and building maintenance, and ongoing servicing of commercial properties. MSS operates in a range of diverse markets with clients managing commercial property, hotels and retail buildings. Further information is obtainable from www.mssplc.com.