Last checked at 9 May 2022 07:00
9 May 2022
Marks Electrical Group plc
Appointment of Joint Corporate Broker
Marks Electrical Group plc ("Marks Electrical" or "The Group"), a fast-growing online electrical retailer, is pleased to announce the appointment of Berenberg as joint corporate broker, to work alongside Panmure Gordon, with immediate effect.
Enquiries:
Marks Electrical Group plc via Dentons Global Advisors
Mark Smithson, CEO
Josh Egan, CFO
Dentons Global Advisors (Financial PR) markselectrical@dentonsglobaladvisors.com
James Styles Tel: +44 (0)20 7664 5095
Fern Duncan
Panmure Gordon (NOMAD and Joint Corporate Broker) Tel: +44 (0) 207 886 2500
Oliver Cardigan, Ailsa Macmaster (Corporate Finance)
Erik Anderson (Corporate Broking)
Berenberg (Joint Corporate Broker) Tel: +44 (0) 20 3207 7800
Matthew Armitt / Michelle Wilson / Jack Botros (UK Investment Banking)
About Marks Electrical
Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Company operates within the UK Major Domestic Appliances (MDA) market, estimated to be worth approximately £5.3 billion.
Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Company offers over 3,000 products from over fifty leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.
For further information, visit: https://group.markselectrical.co.uk and https://markselectrical.co.uk/.