1 February 2022
Sureserve Group plc
("Sureserve" or the "Group")
10-year £20 million win for Tower Hamlets Homes
Sureserve Group plc, the Social Housing Energy Services Group, is pleased to announce that its wholly owned subsidiary, K&T Heating Services Ltd, has successfully secured a long-term Domestic Gas Servicing, Repair and Installation contract with Tower Hamlets Homes. The contract term is capped at 10 years, commencing on 1st April 2022 and is expected to generate sales revenue of £20 million over the entirety of the contract term. Tower Hamlets Homes is an Arm's Length Management Organisation delivering housing support services to over 11,500 tenanted homes on behalf of The London Borough of Tower Hamlets.
This order complements Sureserve Group's recent full year announcement on 25 January 2022, detailing a £527.1m order book at the start of Sureserve's current financial year, which provides the Group with long-term visibility of earnings.
David Greenfield - K&T Heating Services - Managing Director, said:
"K&T Heating has maintained a long and respected history of working within East London and to be able to expand upon an already strong geographical presence is an exciting opportunity for us all. The London Borough of Tower Hamlets is a highly populated and culturally diverse Borough, whose communities are helping to shape the modern society we all live in. During our early business years, K&T Heating delivered Gas Safety and Repair Services across the Borough and it fills me with pride that we have been awarded this opportunity to service these communities once again".
Will Manning - Tower Hamlets Homes - Asset Management Director, said:
"We are confident that selecting K&T Heating as our partner will bring the high-quality service our residents deserve, and we look forward to working closely with them. In addition to repairs and maintenance, we are both committed to providing added value, such as apprenticeships, training, work experience placements and other projects that support the community"
Enquiries:
| Sureserve Group |
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| Nick Winks, Chairman | 07973 316 544 |
| Peter Smith, Chief Executive Officer | 07590 929 431 |
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| Camarco (Financial Public Relations) |
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| Ginny Pulbrook | 020 3757 4992 |
| Rosie Driscoll |
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| Toby Strong |
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| Shore Capital (Nominated Adviser and Broker) | 020 7408 4090 |
| Stephane Auton |
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| Daniel Bush |
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| Fiona Conroy |
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Notes to editors
Sureserve is a leading UK social housing energy services Group. The Group was founded in 1988 and is headquartered in Dartford. It currently employs some 2,381 staff from 27 offices across the UK.
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