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.
Fully equipped pizza and kebabs takeaway and delivery. Please note the purchase of this business is subject to entering into a franchise agreement, full details available upon request. Offers invited.
Spacious licensed restaurant. Outstanding opportunity to acquire a quality Italian Restaurant which has been in the same hands for the past 32 years. Offers invited.
Most Attractive Licensed Italian Restaurant Plus Café & Coffee Shop in the same hands for the past 30 years. Offers invited.
A prominent construction business headquartered in Orford Gr...
Another British high street retailer has fallen victim to th...
Sign up to receive our acquisition alert emails to get your FREE guide
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