Mon, 14 Mar 2016 | DIVISION SALE
UK-based support services and construction company Interserve is considering offloading its profitable equipment services division RWD Kwikform.
The division has been placed under a strategic review and may well be sold by Interserve. RMD Kwikform currently accounts for around six per cent of the group’s turnover and a third of headline operating profit.
The announcement made recently by chief executive Adrian Ringrose, comes as Interserve reported pre-tax profits of £80 million (a rise of 28 per cent) and turnover of £3.2 billion (up 10 per cent) in 2015.
Mr Ringrose said: “Our performance in 2015 was good, resulting in 12 per cent operating profit growth in markets that continue to offer both opportunities and challenges.
“These issues were, however, partially offset in the year by strong performance in our building and fit-out businesses.
“In light of the changing shape of our portfolio over the last few years, we have started a strategic review of our equipment services business RMD Kwikform.”
RMD Kwikform’s revenue jumped from £195.5 million in 2014 to £211 million last year (a growth rate of eight per cent) and contributed £41.9 million to the group’s operating profit.
Mr Ringrose added: “Overall, we expect 2016 to be broadly steady compared to 2015 as underlying growth is restrained by the impact of a slower order intake following an election year and the impact of the National Living Wage.
“However, we expect to return to growth in 2017, underpinned by our strong positions in attractive markets.”
See the Business Sale Report guide to Searching for an acquisition opportunity.
Specialising in traditional Peking and Cantonese cuisine, the restaurant has gained an exceptional reputation and large customer base comprising locals and those from further afield since it opened in 2010. Tastefully decorated premises. All equipmen...
LEASEHOLD
Please note this is an accelerated process. All offers are to be received by 3pm Thursday 30 January 2020. Leading Independent Supplier of Genuine, O.E. and Aftermarket Ford Parts.
Now available to the market is one of Cork's largest tile importers and retailers, which has also been specialising in Porcelain, Bathrooms and Lighting since 1993. Corks largest importer and retailer of tiles. Sizeable showroom. Robust supplier rela...
LEASEHOLD
|
28
|
|
Jan
|
Fairstone completes double acquisition | BUSINESS SALE
Tyne and Wear-based consolidator Fairstone Financial Managem...
|
27
|
|
Jan
|
Amigo founder puts company up for sale | BUSINESS SALE
Amigo founder James Benamor has put the subprime lender up f...
|
24
|
|
Jan
|
Hawkin’s Bazaar enters administration | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has...
Sign up to receive our acquisition alert emails to get your FREE guide
|
12
|
|
Mar
|
Interserve faces administration warnings | ADMINISTRATION
Thought to be one of the UK’s largest providers of pub...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources