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Maintel Holdings PLC Ord 1P (MAI)

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25-Mar-2022 05:34 PM

IN BRIEF: Maintel Holdings signs new £26 million facility with HSBC

Maintel Holdings PLC - London-based cloud and managed service specialist - Agrees new refinancing agreement with HSBC UK for a £26 million facility over a three-year term at least. The new facility with HSBC UK replaces a six-year partnership with
02-Jun-2021 07:35 AM

Maintel swings to loss as pandemic, contract losses hurt sales

Cloud and managed communications services provider Maintel swung to a full-year loss after the pandemic delayed project work and it lost legacy contracts in 2019. Pre-tax losses for the year through December amounted to £2.2 million, compared to a
25-Jan-2021 07:55 AM

Maintel says revenue, earnings guidance intact despite lockdown hit

Telecom services group Maintel said it expected to achieve revenue and adjusted earnings in line with guidance it delivered in September, despite the impact of Covid-19 lockdowns. Cash generation in the year through December was 'strong', with
01-Jun-2020 01:35 PM

Maintel profit falls 18%; pays no dividend

Communications services provider Maintel booked an 18% fall in annual profit owing to a drop in support services revenue. Pre-tax profit for the year through December decreased to £1.8m, down from £2.2m on-year, as revenue slid 10% to £
09-Jan-2020 08:06 AM

Maintel Holdings reports disappointing 2019

The board of Maintel Holdings has confirmed it expects to report a lower level of revenue and adjusted EBITDA than previously anticipated. For the year ended December 31, 2019, the Board now expects revenue of approximately £123m and adjusted EBIT
02-Sep-2019 08:20 AM

Broker Forecast - finnCap issues a broker note on Maintel Holdings PLC

finnCap today reaffirms its corporate investment rating on Maintel Holdings PLC (LON:MAI) and cut its price target to 740p (from 900p). Story provided by Broker Forecasts data provided by
02-Sep-2019 08:16 AM

Maintel swings to profit; CEO to depart

Communications and managed services provider Maintel Holdings swung to a first-half profit, despite posting lower revenue, as it improved its margins. The company also announced the departure of chief executive Eddie Buxton at the end of December 'b
18-Mar-2019 07:46 AM

Maintel profit rises 48% after new contract wins

Cloud and managed services provider Maintel Holdings posted a 40% rise in annual profit, as new contract wins including with the NHS boosted revenue. Pre-tax profit for the year through December rose to £2.2m, as revenue rose 8% to £136.5m.
28-Jan-2019 08:00 AM

Maintel expects 2018 earnings at top end of guidance range

Communications services group Maintel Holdings said it expected to post annual adjusted earnings at the top end of its previous guidance range. The company also reiterated its intention to raise its 2018 full-year dividend, in line with existing guidance
21-Nov-2018 09:30 AM

Maintel downgrades earnings expectations following project delays

Communications services provider Maintel Holdings warned its revenue and earnings in the second half would be lower than previously expected, partly due to project delays. Ebitda for the full year was now expected at between £12.0m and £12.5m
10-Sep-2018 08:31 AM

Maintel swing to first-half loss; sees margin improvement in second half

Cloud services provider Maintel Holdings swung to a first-half losses, as higher expenses offset rising revenue. Pre-tax losses for the six months through June amounted to £256k, compared to a profit of £1.1m on-year. Revenue rose 14% to &po
29-Jun-2018 07:24 AM

Maintel acquires customer contracts from Atos for £5.1m

Managed communications provider Maintel Holdings said it had acquired certain UK customer contracts for £5.1m as part of a new partnership with Atos. Atos divested the customers to focus on a growth strategy through its partners and large customer
19-Mar-2018 09:50 AM

Broker Forecast - finnCap issues a broker note on Maintel Holdings PLC

finnCap today reaffirms its corporate investment rating on Maintel Holdings PLC (LON:MAI) and raised its price target to 1000p (from 900p). Story provided by Broker Forecasts data provided by
19-Mar-2018 07:57 AM

Maintel Holdings profit falls 2% after project delays

Cloud computing services provider Maintel Holdings said its annual profit slipped, largely due to project delays. Adjusted pre-tax profit fell by 2% to £10.9m, as revenue increased by 23% to £133.1m. The company declared a final dividend of
02-Feb-2018 07:52 AM

Maintel affirms guidance for 10% dividend increase on higher revenue

Technology group Maintel Holdings said that trading for the year through December was in line with expectations. Revenue was expected to be "marginally" higher than anticipated, while adjusted Ebitda would be around £12.5m. The closing n
06-Dec-2017 02:40 PM

Broker Forecast - finnCap issues a broker note on Maintel Holdings PLC

finnCap today reaffirms its corporate investment rating on Maintel Holdings PLC (LON:MAI) and cut its price target to 900p (from 1250p). Story provided by
06-Dec-2017 08:23 AM

Maintel downgrades guidance

Maintel Holdings said it hadn't recovered a reduction in gross margins in the first half as hoped. The company said it now expected adjusted Ebitdfa for the full year of between £12.5m and £13m. "Reflecting our confidence in underl
15-May-2017 01:23 PM

All resolutions passed at AGM of Maintel

Maintel Holdings has confirmed that all resolutions were passed at today's Annual General Meeting. At 1:23pm: (LON:MAI) Maintel Holdings PLC share price was 0p at 925p Story provided by
19-Sep-2016 07:48 AM

Maintel Holdings swings to H1 pretax loss

Maintel Holdings has swung to an H1 pretax loss of £696m, from a profit of £2.1m. Revenue was £38.1m, from £24.8m. Administrative expenses totalled £13.6m, from £7.2m. CEO Eddie Buxton said: "The highlight of the
24-Nov-2015 03:01 PM

Maintel director steps down

Maintel Holdings has announced that Darren Boyce has resigned from the board but will continue to advice the company as a consultant. Boyce was chief executive of Proximity Communications which was taken over by Maintel in October last year. He as appoi
09-Mar-2015 09:15 AM

Maintel improves FY pretax profit

Maintel has improved its FY pretax profit to £3.94m, from £3.67m. Revenue was £41.89m, from £31.12m. It proposed a final dividend of 11.6p a share, up 29%, taking the total to 20.9p CEO Eddie Buxton said: "This has been another significant year
24-Nov-2014 12:26 PM

Darren Boyce becomes a director of Maintel

Maintel Holdings has announced the appointment of Darren Boyce to the Board, as a non-executive director, with immediate effect. Mr Boyce was CEO of Proximity Communications, the acquisition of which was announced by Maintel last month. Proximity was c
27-Oct-2014 07:42 AM

Maintel acquires Proximity Communications Ltd

Maintel Holdings, the telecoms and data services company, confirms the acquisition of Proximity Communications Ltd and its subsidiary Achilles Professional Services Ltd. Initial gross consideration of £11.6m, payable in cash, made up of: 1.) Net conside
02-Jan-2014 03:31 PM

Maintel appoints group operations director

Maintel Holdings has appointed Kevin Stevens to the board as group operations director. Stevens joined the group on 1 June 2010 and has been a director of the main trading company, Maintel Europe Limited, since 12 December 2011. He has worked in the
16-Sep-2013 07:37 AM

Maintel H1 pretax profit rises to £2.0m

Maintel booked a first-half pretax profit of £2.0 million, from a year-earlier profit of £0.19 million. Revenue was £13.5 million, broadly flat year on year. It proposed an interim dividend of 6.7p a share, from 6.3p. "Both the maintenance and e

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