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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marlowe Plc | LSE:MRL | London | Ordinary Share | GB00BD8SLV43 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 508.00 | 506.00 | 510.00 | 508.00 | 508.00 | 508.00 | 154,313 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | 465.7M | -3.8M | -0.0393 | -129.26 | 491.62M |
From May 2019 to May 2024
TIDMMRL
RNS Number : 1721W
Marlowe PLC
07 February 2017
7 February 2017
Marlowe plc
Acquisition of Alpha Peerless Fire Systems Limited
Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, announces that it has acquired Alpha Peerless Fire Systems Limited ("Alpha Peerless"), a provider of fire protection services based in Maidstone.
Alpha Peerless was founded in 2000 and provides a portfolio of fire protection services in the Greater London area, including the installation, service and maintenance of fire detection and fire suppression systems.
Alpha Peerless is being purchased for a consideration of GBP475,000 on a debt-free, cash-free basis. For the 12 months to 31 March 2016, Alpha Peerless reported unaudited revenues of GBP2.6 million, adjusted EBITDA of GBP0.2m, unaudited gross assets of GBP0.7 million and unaudited profit before tax of GBP0.03m. Under the transaction, Marlowe is acquiring approximately GBP1.4 million of Alpha Peerless' recurring customer revenues in addition to GBP1.2m revenue associated with installation work.
For further information:
Hot Features
Premium
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203
813 8498
IR@marloweplc.com
Cenkos Securities plc (Nominated
Adviser and Broker)
Nicholas Wells Tel: +44 (0)20 7397
8900
Elizabeth Bowman
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
1340
Alex Le May
About Marlowe plc
Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical asset maintenance services in the UK. It is focused on fire protection, security systems and water treatment services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUNVARBSAURUR
(END) Dow Jones Newswires
February 07, 2017 02:00 ET (07:00 GMT)
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