Acquisition of S F Fire Limited

RNS Number : 3596B

Marlowe PLC

11 February 2022

 

11 February 2022

Marlowe plc

Acquisition of S F Fire Limited

Marlowe plc ("Marlowe" or the "Group"), the leader in business critical services and software which assure regulatory compliance, announces that it has acquired S F Fire Limited ("S F Fire"), a provider of fire safety services, for an enterprise value of up to £1.1 million including a payment contingent on integration of £0.1 million.

For the year ended 30 September 2021, S F Fire generated profit before tax of £0.2 million on revenue of £0.8 million. Net assets at 30 September 2021 were £0.5 million. The acquisition will be funded from Marlowe's existing cash resources.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: [phone]
Adam Councell, Chief Financial Officer	[e-mail]
Julian Wais, Head of Investor Relations
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Nicholas Wells	Tel: [phone]
Ben Jeynes
Berenberg (Joint Broker)
Ben Wright	Tel: [phone]
Mark Whitmore
FTI Consulting
Nick Hasell	Tel: [phone]
Alex Le May

About Marlowe plc

Marlowe is a UK leader in business critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

 

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