Lockdown easing leads to record job numbers

RNS Number : 6537Z

Franchise Brands PLC

25 May 2021

 

Reach announcement (non-regulatory)*

25 May 2021

FRANCHISE BRANDS PLC

("Franchise Brands", the "Company" or the "Group")

Lockdown easing leads to record job numbers at Metro Rod and Metro Plumb

Franchise Brands plc (AIM: FRAN), a multi-brand franchise business, is pleased to share details of a new record at its B2B division, where in the past two weeks and with the easing of lockdown restrictions, lead intake at Metro Rod and Metro Plumb surged to 9,300 jobs, surpassing the previous record reached during the seasonal 2019 pre-Christmas rush by 4%. In the financial year to 31 December 2019 (prior to Covid-19 impact), Metro Rod and Metro Plumb completed 187,000 jobs.

Peter Molloy, Managing Director Metro Rod & Metro Plumb, commented:

"I am delighted that our Metro Rod and Metro Plumb engineers are once again able to welcome back and support our many customers in the service and hospitality sectors as they reopen their doors following the further easing of the lockdown last Monday."

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Chris Dent, Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser and Joint Broker)	[phone]
Jeremy Porter / Liz Kirchner (Corporate Finance) Amrit Nahal (Sales and Corporate Broking)
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Colin Climie / Nicholas Chambers
MHP Communications (Financial PR)	[phone]
Katie Hunt	[phone]
	[e-mail]

About Franchise Brands plc

Franchise Brands is focused on building market-leading businesses in selected customer segments, primarily via a franchise model. The Group currently has a combined network of over 425 franchisees across five principal franchise brands. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.

The Group is organised into a B2B division comprised of Metro Rod, Metro Plumb and Willow Pumps, and a B2C division that incorporates ChipsAway, Ovenclean and Barking Mad. This divisional organisation is designed to provide a greater focus and structure to support the strategic development of our B2B and B2C brands.   Each of our brands are leaders in their respective markets and each brand has a long trading history. The combined trading history of all the Group's brands is over 135 years.

Franchise Brands plc employs 265 people across three principal locations in Macclesfield, Kidderminster and Aylesford.

For further information, visit www.franchisebrands.co.uk .

*About Reach announcements

This is a Reach announcement and the information contained within is not considered to have a significant impact on management's expectations of the Group's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

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