13 Mar 2019 15:30
Stirling Industries plc
("Stirling" or "the Company")
Change of Registered Office
Stirling Industries plc, (AIM: STRL.L) the specialist industrial investment business, today announces that its Office and the Registered Addresses for Stirling Industries PLC and Stirling Group Holdings Ltd have moved to:
Level 1
One Mayfair Place
London, W1J 8AJ
United Kingdom
This change will take effect from Monday 18th March 2019.
- Ends -
For more information contact:
Stirling Industries plcBlair Illingworth, Chief Executive c/o Montfort Communications
| |
Numis Securities - Nominated Adviser and BrokerLuke Bordewich Ben Stoop
| +44 (0)20 7260 1000 |
Montfort Communications - Financial communications Olly Scott
|
+44 (0)78 1234 5205
|
Notes to editors
Stirling (AIM: STRL.L) has been set up to offer a differentiated management and ownership approach for industrial businesses where the strategic and operational expertise of its team combines with that of the company's management to drive and enable improvements that create long-term shareholder value.
The Company focuses on acquiring businesses with strong fundamentals and enterprise values between £100-£750 million. Transactions will be financed through a combination of new equity and prudent leverage, with the company's target debt to be no more than 2.5x the company's EBITDA.
Stirling's approach begins with the belief that many companies have the potential to achieve material margin improvement and operational growth. Stirling's value add is to ensure management have the right strategy, the right focused leadership, empowered and incentivised management teams and the appropriate capital investment to support growth.
The Company's leadership team has significant experience of identifying the key value drivers of a given business, implementing change strategies across a diverse range of industries and delivering significant operational value creation.