Acquisition of S F Fire Limited

RNS Number : 3596B
Marlowe PLC
11 February 2022
 

11 February 2022

 

Marlowe plc

 

Acquisition of S F Fire Limited

 

Marlowe plc ("Marlowe" or the "Group"), the leader in business critical services and software which assure regulatory compliance, announces that it has acquired S F Fire Limited ("S F Fire"), a provider of fire safety services, for an enterprise value of up to £1.1 million including a payment contingent on integration of £0.1 million.

 

For the year ended 30 September 2021, S F Fire generated profit before tax of £0.2 million on revenue of £0.8 million. Net assets at 30 September 2021 were £0.5 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

 


 

Cenkos Securities plc (Nominated Adviser and Joint Broker)

 

Nicholas Wells

Tel: +44 (0)20 7397 8900

Ben Jeynes

 

 

 

Berenberg (Joint Broker)

 

Ben Wright

Tel: +44 (0)20 3207 7800

Mark Whitmore

 


 

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 health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & 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 services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & 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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