Cater Barnard PLC
15 November 2004
For immediate release 15 November 2004
Cater Barnard PLC
('Cater Barnard' or the 'Company')
New contracts secured by Navitas Hemway Limited ('Navitas Hemway')
The Board of Cater Barnard is pleased to announce that Navitas Hemway, in which
the Company has an interest of 40 per cent., has secured two new significant
contracts.
Navitas Hemway provides facilities maintenance services to business customers.
In November 2003 the Board of Cater Barnard agreed to acquire a 40 per cent.
shareholding in Navitas Hemway. The management team of Navitas Hemway has
extensive experience in providing facilities management and maintenance services
across a range of business sectors, including shopping centres, retail chains
and commercial property. Navitas Hemway, which was formed in 2002, initially
held two major contracts to provide maintenance services to shopping complexes.
Both contracts are for three year terms.
The new contracts secured by Navitas Hemway are both for shopping centres.
Initially the contracts are for one year terms although Navitas Hemway expects
to agree standard extensions to three years.
David Williams, Executive Chairman, said:
'I am delighted by our winning these two new contracts, the award of which
reflects the commitment and skill of our team at Navitas Hemway.'
ENDS
Enquiries:
David Williams
Chairman
Cater Barnard plc
Tel: 020 7422 6585
This information is provided by RNS
The company news service from the London Stock Exchange
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