Contract Win & Trading Update
November 11 2010 - 1:00AM
UK Regulatory
TIDMMSS
RNS Number : 9848V
Managed Support Services PLC
11 November 2010
Managed Support Services plc
("MSS" or the "Group")
Contract Win & Trading Update
Contract Win
Managed Support Services plc, the technical building and environmental
compliance services provider is pleased to announce that it has signed a five
year contract for the provision of building services, including the management
of complex data centres, with The Co-operative Group. Service provision
commences on 1 December 2010.
Planned revenues for the core maintenance services are scheduled to be in excess
of GBP1 million per annum and a range of other services are also expected to be
provided.
The Board regards this contract win as an important validation of the Group's
investment in creating a competitive services platform nationwide, capable of
meeting the complex needs of major corporate customers. The Group continues to
pursue similar opportunities.
Trading Update
The results for the half year ended 30 September 2010 are expected to reflect
the competitive conditions in some of the Group`s markets. The Board is pleased
with progress on sales gains, as illustrated by today's announcement. Today's
contract announcement will contribute materially to sales growth in the next
financial year.
The Board is also pleased to confirm that the integration of the recently
acquired ECS business into the Group is proceeding smoothly and that early
trading indications are promising. The Group has very low levels of debt and no
material exposure to government related spend.
The results for the half year ended 30 September 2010 will be announced in early
December 2010.
FOR FURTHER INFORMATION, PLEASE CONTACT:
+--------------------------------+----------------------------------+
| Managed Support Services plc: | |
+--------------------------------+----------------------------------+
| Simon Beart, Chief | 07710 444370 |
| Executive | 01483 735703 |
| Piers Wilson, Finance | |
| Director | |
+--------------------------------+----------------------------------+
| Cenkos Securities plc: | |
+--------------------------------+----------------------------------+
| Nick Wells / Stephen | 020 7397 8900 |
| Keys | |
+--------------------------------+----------------------------------+
| Buchanan Communications: | |
+--------------------------------+----------------------------------+
| Richard Darby / Helen | 020 7466 5000 |
| Chan | |
+--------------------------------+----------------------------------+
Merchant Securities:
Graeme Cull / Simon Clements020 7382 0933
Notes to editors
Managed Support Services plc is one of the UK's leading suppliers of compliance
and technical building services. The Company provides compliance services,
fabric and building maintenance, and ongoing servicing of commercial properties.
MSS operates in a range of diverse markets with clients managing commercial
property, hotels and retail buildings. Further information is obtainable from
www.mssplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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