Marlowe plc's acquisition of DCUK FM best the Company has ever made

12/01/18
Marlowe plc's acquisition of DCUK FM best the Company has ever made

The boss of fire and water safety specialist Marlowe plc says July 2017 acquisition of Ductclean (UK) Ltd is the best acquisition the company has ever made.

 

Chief executive Alex Dacre says the ventilation maintenance industry has better growth prospects than fire and water because many companies don’t realise they need to do it in order to meet safety legislations.

 

Dacre says Marlowe has already managed to cross sell ventilation maintenance services to existing fire and water companies including Bourne Leisure which operates the Haven and Butlins holiday parks.

 

Marlowe’s half year results on 11 December 2017 showed a 90% rise in pre-tax profit before one-off items to £2.4m and 104% hike in revenue to £36m, boosted by acquisitions.

 

Dacre reckons the group achieved 3.5% to 4% organic revenue growth.

 

The water treatment and air hygiene division has seen a 4% rise in operating margins following four acquisitions. The fire services division hasn’t seen uplift in margin yet as it is still building route density and scale, says Dacre.

 

To read the article, or similar news on stocks/funds/investment trusts/pensions and savings, please click here: www.sharesmagazine.co.uk/article/essential-services-group-marlowe-toasts-new-growth-avenue

  • company image "Using DCUK FM's expertise has ensured that Centrica has been able to effectively manage its portfolio and provide safer working environments." - Centrica
  • company image "“Ductclean have been outstanding on this job…Extremely professional, high tech tools and quality/standard of work is very high”" - Afwaan – Senior Consultant
  • company image "“Many thanks to you and your company for an excellent job carried out and the additional help carried out beyond your remit”" - John
  • company image "“Thank you very much once again for excellent service”" - Teressa
  • company image "“Just a quick thank you for the work carried out by your team, we are very pleased with the result and the way the work was carried out”" - Dave – Senior Catering Manager
  • company image "The quality of workmanship, attention to detail, response to the varying risk issues and subsequent resolve have been exceptional" - Cofely
  • company image "They are an extremely professional, Health & Safety conscious and well-managed company. Their contract management is 'second to none'" - The London Borough of Havering
  • company image "Ductclean have demonstrated great commitment to get the process right and competence in meeting expectations" - Spirit Pub Company