8 Year Contract Extension worth £68m with L&Q

RNS Number : 6609K

Sureserve Group PLC

09 May 2022

 

REACH

9^th May 2022

Sureserve Group plc

("Sureserve" or the "Group")

8 Year Contract Extension worth £68m with L&Q

Sureserve Group plc, the Social Housing Energy Services Group, is pleased to announce that its wholly owned subsidiary (K&T Heating Services Ltd) has successfully retained a long- term Gas Servicing, Repair and Installation Contract with L&Q. The Contract term is capped at 8 years, commencing on 1^st May 2022 and is expected to generate sales revenue of £68 million over the entirety of the contract term.  L&Q are a large, registered provider of social housing who own and manage more than 95,000 homes across London and South- East. 

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

"We are delighted to have been selected as one of the social housing service providers for L&Q. We have had a long term and trusted relationship, working in partnership with L&Q since 2013 and have developed a reputation for quality delivery of gas compliance services.  This 8 year contract win recognises the importance of K&T Heating Services' client relationships, service quality and focus on delivering important critical services for social housing communities." 

Enquiries

Sureserve Group plc
Nick Winks, Chairman	07973 316544
Peter Smith, Chief Executive Officer	07590 929431
Sameet Vohra, Chief Financial Officer	07834 740059
Camarco (Financial Public Relations)	020 3757 4992
Ginny Pulbrook
Rosie Driscoll
Toby Strong
Shore Capital (Nominated Adviser and Broker)	020 7408 4090
Stephane Auton
Daniel Bush
Fiona Conroy

Notes to editors

Sureserve is a leading UK social housing energy services Group. The Group was founded in 1988 and is headquartered in Dartford and currently employs some 2,489 staff.

 

END

 

 

NRAFLFLVESIRIIF