Re Contract
Worthington Nicholls Group plc
02 January 2007
Worthington Nicholls Group plc
('Worthington Nicholls' or 'the Company')
First European hotel contract secured
Worthington Nicholls Group plc (AIM:WNG), installers of air conditioning,
heating, ventilation and chilled water systems, has secured a contract to
install new and replacement air conditioning systems with Grand City Hotels &
Resorts at the Park Hotel in Amsterdam, worth approximately €350,000.
Grand City Hotels & Resorts is a management company of hotels in The Netherlands
and Germany, and is based in Berlin. The hotels managed by the group operate
under various brands such as Steigenberger, Ramada, Intercity Hotels, Comfort
Inn, Quality Hotels, Mercure, Best Western and Ibis although they have recently
signed a deal with Intercontinental Hotels Group to re-brand 19 hotels.
The Grand City Hotels & Resorts estate has approximately 3,000 additional
bedrooms in Germany. Having won the mandate for the Park Hotel in Amsterdam, the
Company is confident that this will pave the way for further expansion into
Western Europe.
Following this new contract wins, Worthington Nicholls will be the retained
contractor to 16 hotel groups, and 16 retail chains.
Mark Worthington, Chief Executive of Worthington Nicholls, said:
'We recognise that to be successful in the European air conditioning market you
need to have reference sites that showcase your ability. This contract gives
Worthington Nicholls exactly that and should allow us to approach a number of
our major clients to offer our services within their hotels in mainland Europe.'
Enquiries:
Worthington Nicholls 0870 609 1829
Mark Worthington, Chief Executive
David Levis, Corporate Director
Gresham PR Ltd 020 7404 9000
Neil Boom/Tanya Feness
Corporate Synergy 020 7448 4400
Rhod Cruwys/Romil Patel
Information on Worthington Nicholls can be accessed via the Group's website:
www.worthington-nicholls.co.uk
About Worthington Nicholls Group plc
Worthington Nicholls operates as principal contractor for delivery of end to end
solutions in the air conditioning market.
Its blue-chip clients operate in a number of different market sectors and
include Hilton Hotels, Holiday Inn Hotels, Debenhams, Boots the Chemist, Arcadia
and McDonald's.
The business was established in 1973 by Peter Worthington and has grown to be
one of the dominant players in the UK Heating, Ventilation and Air Conditioning
('HVAC') market, which is currently estimated to be worth approximately £2
billion per annum.
Led by Mark Worthington, the Company repositioned itself in 2003 as a support
services group, moving away from the subcontractor business model common across
the HVAC industry. The Company now offers a full project management capability,
which includes survey, design and specification, through installation,
commissioning and ongoing service and maintenance.
Worthington Nicholls operates from its head office in Manchester and regional
offices in Bedford, Swindon and Edinburgh, and employs approximately 130 people.
In June 2006, the Company acquired the entire issued equity of Project Air
Limited, a specialist installer of air conditioning systems to the retail
sector. Its customers include well-known high street retailers, such as Phones
4 U, Hamleys, The Bear Factory, and TM Lewin. Project Air is based in Rugeley,
Staffordshire. The business was established in 1992 and today has a total of 23
staff including 13 engineers.
This information is provided by RNS
The company news service from the London Stock Exchange