10-year contract extension worth £140m

RNS Number : 3876J

Sureserve Group PLC

23 August 2021

 

23 August 2021

Sureserve Group plc

("Sureserve" or the "Group")

10-year contract extension worth £140 million for The Guinness Partnership

Sureserve Group plc, the leading industry provider of Compliance and Energy Services, is pleased to announce that two of its wholly owned subsidiaries (K&T Heating Services Ltd and Sure Maintenance Ltd) have successfully retained a long-term Gas Servicing, Repair and Installation Contract with their long-standing existing client, The Guinness Partnership. The Contract term is a minimum of 5 years and capped at 10 years, commencing on 1^st September 2021, and is expected to generate a combined sales revenue of £140 million over the full 10 year term. The Guinness Partnership is a large national provider of social housing who own and manage more than 65,000 homes throughout England.

David Greenfield - K&T Heating Services - Managing Director, said:

"We are delighted to be able to continue working with The Guinness Partnership for the next 10 years and are excited to be able to build upon an already successful working partnership. By securing the London & South East regions of this Contract, we will be able to build both strong & sustainable futures within the communities we serve and to continue developing the service promises we make, together with our team of committed people who help us achieve this.

  Pat Coleman - Sure Maintenance - Managing Director, said:

Everyone at Sure Maintenance is delighted to be able to continue working with such a strong and valued client. Working with The Guinness Partnership so far has been a rewarding journey for our team and we are pleased to be able to continue servicing The Guinness Partnership's customers, local people and the local communities for the next 10 years. 

Enquiries:
Sureserve Group Peter Smith, Interim Chief Operating Officer and Chief Financial Officer	07590 929 431
Camarco (Financial Public Relations)    Ginny Pulbrook Toby Strong	020 3757 4992
Shore Capital (Nominated Adviser and Broker) Stephane Auton Daniel Bush Fiona Conroy	020 7408 4090

Notes to editors 

Sureserve is a leading Compliance and Energy Services group that performs critical functions in homes, public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Services are delivered through two divisions: Compliance and Energy Services.

The Group was founded in 1988 and is headquartered in Basildon and currently employs some 2,299 staff.

 

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