Styles & Wood Group Regulatory News (STY)

22 December 2014

Styles & Wood Group plc

STYLES & WOOD GROUP APPOINTED TO SUPPORT BANK BRANCH IMPROVEMENT PROGRAMME

Styles & Wood Group plc ("Styles & Wood" or the "Group"), the integrated property services and project delivery specialist, is pleased to announce that it has been appointed to manage and deliver a branch improvement programme on behalf of one of the UK's leading high street banks.

The programme of works commences immediately and is expected to continue until Q1 2016. It will include the replacement or upgrading of approximately 4,700 Automated Teller Machines (ATMs) across 3,000 locations, as well as rebranding 600 branches across the UK and overseas. The combined value of the contracts is approximately £18 million.

The project will involve teams from across Styles & Wood's Projects, Design, Technology and Energy divisions. The Group's business change team will oversee the entire scope of the project, including providing training for the Bank's employees to familiarise them with the new technology being implemented as part of the project.

A joint management team, comprised of Styles & Wood and bank personnel, has been formed and will be co-located at the bank's head offices, where it will work with expert stakeholders and support service functions to develop an integrated strategy for the diverse programme of works.

Tony Lenehan, Chief Executive of Styles & Wood, said: 

"One of our key strengths is our portfolio of complementary, expert support services including award winning business systems and applications and market leading projects delivery capability. This programme is a significant endorsement of that strategy and an excellent opportunity to demonstrate how our integrated approach can support our client's objectives.

"We have formed a joint management team with the client to deliver a significantly enhanced customer experience. This collaborative approach has enabled an immediate and efficient start to the work which will further build value into the process through thorough forward planning and easy communication."

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Notes to Editors

Styles & Wood provides a fully integrated range of property support services including design, building intelligence, carbon abatement, programmes and project delivery. The business offers clients across retail, banking, commercial, education, healthcare and leisure sectors contracting services to manage and improve the performance of property assets.

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