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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 | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 0.78% | 516.00 | 514.00 | 516.00 | 515.00 | 515.00 | 515.00 | 375,728 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 465.7M | -3.8M | -0.0393 | -131.04 | 498.39M |
TIDMMRL
RNS Number : 0151C
Marlowe PLC
16 June 2021
16 June 2021
Marlowe plc
Acquisition of Cater Leydon Millard Ltd
Marlowe plc ("Marlowe" or the "Group"), the UK leader in business-critical services and software which assure safety and regulatory compliance, announces that it has acquired Cater Leydon Millard Ltd ("Cater Leydon Millard"), an employment law compliance specialist, for an enterprise value of GBP2.25 million.
Cater Leydon Millard, established in 2004, is based in Abingdon, Oxfordshire, and provides specialist employment law advice to companies across the UK. The acquisition deepens Marlowe's employment law compliance offering and will offer attractive synergies with Ellis Whittam, our leading platform in the provision of recurring, fixed-fee HR, employment law and safety services & software.
For the year ended 30 November 2020, Cater Leydon generated an operating profit of GBP0.65 million on revenues of GBP1.7 million. Net assets at 30 November 2020 were GBP0.5 million. The total enterprise value will comprises an upfront cash consideration of GBP1.75 million and a performance related contingent consideration expect to be in the region of GBP0.5 million. The acquisition will be funded from Marlowe's existing cash resources.
For further information:
Marlowe plc www.marloweplc.com Alex Dacre, Chief Executive Tel: +44 (0) 203 813 8498 Mark Adams, Group Finance Director IR@marloweplc.com Cenkos Securities plc (Nominated Adviser and Joint Broker) Nicholas Wells Tel: +44 (0)20 7397 8900 Ben Jeynes Berenberg (Joint Broker) Ben Wright Tel: +44 (0)20 3207 7800 Mark Whitmore FTI Consulting Nick Hasell Tel: +44 (0)20 3727 1340 Alex Le May
About Marlowe plc
Marlowe is a UK leader in business critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides services to over 15% of Britain's commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.
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(END) Dow Jones Newswires
June 16, 2021 02:00 ET (06:00 GMT)
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