Acquisition of Griffin Fire

RNS Number : 5200F
Marlowe PLC
22 March 2022
 

22 March 2022

 

Marlowe plc

 

Acquisition of Griffin Fire

 

Marlowe plc ("Marlowe" or the "Group"), the leader in business critical services and software which assure regulatory compliance, announces that it has acquired Griffin Fire, incorporated as Griffin and General Fire Services Limited ("Griffin Fire"), a provider of fire safety services, for an enterprise value of £0.7 million.

 

For the year ended 31 December 2020, Griffin Fire generated profit before tax of £0.2 million on revenue of £1.4 million. Net assets at 31 December 2021 were £0.4 million. The acquisition will be funded from Marlowe's existing cash resources.

 

 

For further information:

 

Marlowe plc

www.marloweplc.com

 

 

Alex Dacre, Chief Executive

Tel: +44 (0) 203 813 8498


 

Adam Councell, Chief Financial Officer

IR@marloweplc.com

 

 

Julian Wais, Head of Investor Relations

Benjamin Tucker, Investor Relations Manager

 


 

 

Cenkos Securities plc (Nominated Adviser and Joint Broker)

 

 

 

Nicholas Wells

Tel: +44 (0)20 7397 8900

 

 

 

Ben Jeynes

 

 

 



 

 

Berenberg (Joint Broker)

 

 

 

Ben Wright

Mark Whitmore

 

Tel: +44 (0)20 3207 7800

 

 

Stifel (Joint Broker)


 

 

Matthew Blawat

Tel: +44 (0) 20 7710 7688

 

 

Francis North

 

FTI Consulting


 

 

Nick Hasell

Tel: +44 (0)20 3727 1340

 

 

Alex Le May


 

 

 

 

About Marlowe plc

 

Marlowe is a UK leader in business-critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on compliance software, eLearning, health & safety, employment law and HR compliance, fire safety & security, water & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides software to over 1 million users and services to over 25% of Britain's commercial premises. The Group provides customers with a single outsourced, nationwide, provider of a range of regulated compliance and safety solutions. Our customers can be found in office complexes, high streets and leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

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