Redde Northgate Share Discussion Threads

[bc4] 06/8/2018 19:49

Just found this on REDDE expansion

Yorkshire head office move by fleet management client
August 6, 2018
By Robert Buckland

Swindon-headquartered regional firm Thrings has helped a division of long-standing client Redde Group acquire a Grade A office building and adjoining land as part of its fast-paced expansion.

FMG, the UK’s leading independent provider of fleet incident management and specialist vehicle recovery services, is moving into the 43,000 sq ft headquarters in Huddersfield.

FMG provides vehicle recovery services to blue-chip companies as well as incident management and roadside services to Highways England and police forces across the country.

This year it was named one of the ‘100 Best Companies to Work For’ for the fourth time by the Sunday Times.

Its relocation will reunite staff under one roof and also gives the firm capacity for a 10% increase in its workforce. Having run out of space at its previous office, which it has occupied since 2002, some 60 of its 400 staff have operated out of a separate location in Huddersfield town centre.

Thrings provided legal assistance for the acquisition of the building from the NHS and the grant of a sublease to co-occupiers Greater Huddersfield Clinical Commissioning Group.

Also included in the deal was the acquisition of adjoining land from a third party to be developed by FMG into a staff car park.

Thrings is advisor to multiple companies under the Bath-based umbrella Redde group, which changed its name from Helphire in 2014.

FMG is one of six main businesses in the group, which provides bespoke claims management, legal and specialist accident management services for the motor insurance sector.

FMG operations director John Keeton said: “Our office relocation is the next exciting step in the remarkable story of FMG’s carefully-managed growth. Thrings have provided vital expertise throughout this complex transaction, providing clear and transparent communication with the many parties involved, resulting in a smooth and seamless transaction.”

Thrings’ commercial property partner Ben Tarrant, pictured above, who led on the deal, added: “The relocation of FMG’s headquarters is the latest in a series of major national corporate occupier deals which Thrings has managed from a legal perspective.

“Moves of this scale often involve multiple parties and legal hurdles – so the expertise and talent of colleagues from across our national offices really came into play. It has been a pleasure to see this milestone through for FMG and to smooth the pathway for this growing company to achieve its strategic objectives.”

Thrings also has offices in Bristol, Bath, Hampshire and London.










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[capricious71] 06/7/2018 09:03

hxxps://www.fleetnews.co.uk/news/people-news/2018/07/05/chessman-appointed-chief-operating-officer-at-redde

[silverfern] 28/6/2018 20:54

DAvRos, as a momentum investor, no. Good luck with your investment strategy, I'll retire on mine.

[rogthepodge] 28/6/2018 17:02

I'll settle for that

[retailronnie] 28/6/2018 16:57

At 180, that's a 6.3% dividend

[fizzypop] 28/6/2018 14:57

Now looks likely that we can pencil in a 9% increase in final divi to 6p (previously 5.6p) for October making full year divi 11.5p. But it may be more as we have had double digit growth before.

[retailronnie] 28/6/2018 11:48

Positive update, no signs of growth slowing.

[davr0s] 28/6/2018 09:48

You'll eventually go broke with that approach when a bear market arrives

[silverfern] 28/6/2018 09:36

Strong signal to me to buy on any share price weakness.

[skinny] 28/6/2018 07:51

Current Trading

The Board of Redde is pleased to announce that, further to its Trading Update made on 26 April 2018, trading in the final quarter ending 30 June 2018 has continued the positive trend shown in the first 9 months of the year. Consequently the Board remains confident of the final outcome for the year as a whole.

The Board expects to announce the results for the year ended 30 June 2018 in the early part of September 2018.

[mirabeau] 15/6/2018 09:41

Isn't there an IPO coming up in the next few weeks that's also involved in this sector?

edit

Anexo Group

[bc4] 14/6/2018 16:48

After the initial drop not a bad recovery, strange price action this morning

[bc4] 14/6/2018 16:48

After the initial drop not a bad recovery, strange price action this morning

[capricious71] 14/6/2018 08:35

Results in a couple of weeks?

[rogthepodge] 14/6/2018 00:32

long may it continue

[fizzypop] 13/6/2018 17:47

A close at 186p up 3% on the day with over 0.56M traded bodes well.

[bc4] 13/6/2018 15:11

This could be a real breakout!

[silverfern] 13/6/2018 15:08

Infinity and beyond !

[bc4] 13/6/2018 14:59

Well least the back to 150p has gone out the window LOL

[owenski] 13/6/2018 14:30

Looks ok, but lacks volume, needs to clear 185 with some higher volume imo.

[retailronnie] 13/6/2018 14:27

Any chartists on here? Looks good to my untrained eye.

[bc4] 13/6/2018 13:37

REDDE is showing quite a bit of strength preclose update due 2 weeks Thursday 28/06/2018 with guidance on profits and poss divi

[davr0s] 23/5/2018 19:56

Not going to get too excited by one days fall on a poor market day