Trading Statement

RNS Number : 5670U

Mountfield Group plc

08 April 2016

 

Mountfield Group Plc

("Mountfield" or the "Group")

Trading Statement re Mountfield Building Group Limited

The Directors of the Mountfield are pleased to announce that Mountfield Building Group Limited ("MBG") has made a good start to the year and has secured a substantial quantity of work of the type that MBG is now targeting in accordance with its new strategy.

By the end of March 2016 MBG had secured £2m of work for 2016 of which £1.5m has been secured since the beginning of the year. The latter is made up of eleven contracts with the largest being worth £300,000.

The range of work covered includes office and residential fit outs, data centre refurbishments, orders from its long-standing telecoms client for which it undertakes property fabric repair and other specialist construction works.

MBG is currently engaged in negotiations on a number of other mid-value contracts and has tenders submitted on other projects.

Andy Collins Group CEO said that: "MBG is now in a position where it could make a valuable contribution to the Group's profitability. We are delighted that it is successfully gaining the type of work that the Board targeted when the new business strategy was agreed."

Contacts:

Mountfield Group PLC	01268 561 082
Andy Collins, Chief Executive Officer
WH Ireland Limited	0207 220 1666
Paul Shackleton
James Bavister

 

END

 

 

TSTSSMFWWFMSESL