RCS - Sureserve Group PLC - 8 Year Contract Extension worth £68m with L&Q

SureserveAnnouncement

09/05/2022 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220509:nRSI6609Ka&default-theme=true

RNS Number : 6609K  Sureserve Group PLC  09 May 2022

REACH

9(th) May 2022

Sureserve Group plc

("Sureserve" or the "Group")

 

8 Year Contract Extension worth £68m with L&Q

 

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 retained a long- term Gas Servicing, Repair and Installation
Contract with L&Q. The Contract term is capped at 8 years, commencing on
1(st) May 2022 and is expected to generate sales revenue of £68 million over
the entirety of the contract term.  L&Q are a large, registered provider
of social housing who own and manage more than 95,000 homes across London and
South- East.

 

David Greenfield - K&T Heating Services - Managing Director, said:

"We are delighted to have been selected as one of the social housing service
providers for L&Q. We have had a long term and trusted relationship,
working in partnership with L&Q since 2013 and have developed a reputation
for quality delivery of gas compliance services.  This 8 year contract win
recognises the importance of K&T Heating Services' client relationships,
service quality and focus on delivering important critical services for social
housing communities."

 

 

Enquiries

 Sureserve Group plc
 Nick Winks, Chairman                          07973 316544
 Peter Smith, Chief Executive Officer          07590 929431
 Sameet Vohra, Chief Financial Officer         07834 740059

 Camarco (Financial Public Relations)          020 3757 4992
 Ginny Pulbrook
 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 and currently employs some
2,489 staff.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFLFLVESIRIIF