10-year £20 million win for Tower Hamlets Homes
01/02/2022 06:59
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RNS Number : 2263A Sureserve Group PLC 01 February 2022
1 February 2022
Sureserve Group plc
("Sureserve" or the "Group")
10-year £20 million win for Tower Hamlets Homes
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 secured a long-term Domestic Gas Servicing, Repair and
Installation contract with Tower Hamlets Homes. The contract term is capped at
10 years, commencing on 1(st) April 2022 and is expected to generate sales
revenue of £20 million over the entirety of the contract term. Tower Hamlets
Homes is an Arm's Length Management Organisation delivering housing support
services to over 11,500 tenanted homes on behalf of The London Borough of
Tower Hamlets.
This order complements Sureserve Group's recent full year announcement on 25
January 2022, detailing a £527.1m order book at the start of Sureserve's
current financial year, which provides the Group with long-term visibility of
earnings.
David Greenfield - K&T Heating Services - Managing Director, said:
"K&T Heating has maintained a long and respected history of working within
East London and to be able to expand upon an already strong geographical
presence is an exciting opportunity for us all. The London Borough of Tower
Hamlets is a highly populated and culturally diverse Borough, whose
communities are helping to shape the modern society we all live in. During
our early business years, K&T Heating delivered Gas Safety and Repair
Services across the Borough and it fills me with pride that we have been
awarded this opportunity to service these communities once again".
Will Manning - Tower Hamlets Homes - Asset Management Director, said:
"We are confident that selecting K&T Heating as our partner will bring the
high-quality service our residents deserve, and we look forward to working
closely with them. In addition to repairs and maintenance, we are both
committed to providing added value, such as apprenticeships, training, work
experience placements and other projects that support the community"
Enquiries:
Sureserve Group
Nick Winks, Chairman 07973 316 544
Peter Smith, Chief Executive Officer 07590 929 431
Camarco (Financial Public Relations)
Ginny Pulbrook 020 3757 4992
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. It currently employs some
2,381 staff from 27 offices across the UK.
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