Major Contract Extension

RNS Number : 3671P

Managed Support Services PLC

15 July 2010

 



FOR IMMEDIATE RELEASE                               

                                                                                                                                                       15 July 2010

Managed Support Services plc

("MSS" or the "Group")

MAJOR CONTRACT EXTENSION

Managed Support Services plc, the technical building services provider is pleased to announce a major three year contract extension with one of the Group's largest planned maintenance customers, Bruntwood Limited ("Bruntwood").

MSS has been working with Bruntwood since 2007.  Under the extended contract MSS will provide a comprehensive planned preventative programme for more than 95 per cent. of Bruntwood's managed portfolio which equates to more than 5.5 million square feet.

Annualised planned maintenance revenues have been approximately £500,000, excluding additional variable spends and refurbishment work.

MSS will also be working in partnership with Bruntwood to develop a proprietary approach to energy management and asset life cycles.

Commenting on the contract extension, Simon Beart, Chief Executive said:

"This is a long term endorsement from one of our largest customers, covering multi year revenues.  This confirms the recent progress the Group has made in becoming a national supplier with scale and resources.

We expect further new contract progress as the increased capabilities of the Group are made available to our broad customer base".

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Managed Support Services plc:
Simon Beart, Chief Executive          Piers Wilson, Finance Director	07710 444370 01483 735703
Cenkos Securities plc:
Nick Wells	020 7397 8900
Stephen Keys
Buchanan Communications:
Richard Darby	020 7466 5000
Nicola Cronk

Notes to editors

Managed Support Services plc is one of the UK's leading suppliers of compliance and technical building services.  The Company provides compliance services, fabric and building maintenance, and ongoing servicing of commercial properties.  MSS operates in a range of diverse markets with clients managing commercial property, hotels and retail buildings.  Further information is obtainable from www.mssplc.com.

 

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