Marlowe PLC Acquisition of HR Solutions (0705O)
08 June 2022 - 4:01PM
UK Regulatory
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RNS Number : 0705O
Marlowe PLC
08 June 2022
08 June 2022
Marlowe plc
Acquisition of HR Solutions
Marlowe plc ("Marlowe" or the "Group"), the leader in
business-critical services and software which assure safety and
regulatory compliance, announces that it has acquired Business HR
Solutions (Consultancy) Limited and Business Human Resources
Solutions Limited (together, "HR Solutions"), a HR and H&S
compliance consultancy, for an enterprise value of GBP6.1 million
(the "Acquisition").
Headquartered in Kettering and established in 2001, HR Solutions
provides retained HR and H&S consulting to approximately 750
customers, helping to keep them compliant with employment law and
health & safety regulations. HR Solutions will integrate into
Marlowe's Worknest brand, offering attractive synergies and
deepening Marlowe's HR & H&S consultancy proposition.
In the year to 31 March 2022, HR Solutions generated revenues of
GBP3.1 million and EBITDA of GBP0.7 million. Net assets as at 31
March 2022 were GBP0.8 million. The Acquisition consideration will
be settled in cash and funded from Marlowe's existing cash
resources.
For further information:
Marlowe plc
Alex Dacre, Chief Executive www.marloweplc.com
Adam Councell, Chief Financial Tel: +44 (0) 203 813 8498
Officer
Julian Wais, Head of Investor Relations IR@marloweplc.com
Benjamin Tucker, Investor Relations
Manager
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Nicholas Wells Tel: +44 (0)20 7397 8900
Ben Jeynes
Berenberg (Joint Broker)
Ben Wright Tel: +44 (0)20 3207 7800
Mark Whitmore
Stifel (Joint Broker)
Matthew Blawat Tel: +44 (0)20 7710 7688
Francis North
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727 1340
Alex Le May
About Marlowe plc
Marlowe is a UK leader in business-critical services and
software which assure safety and regulatory compliance. The company
was formed to create sustainable shareholder value through the
acquisition and development of businesses that provide regulated
safety and compliance services. It is focused on compliance
software, eLearning, health & safety, employment law and HR
compliance, fire safety & security, water & air hygiene and
occupational health services - all of which are vital to the
wellbeing of its customers operations and are invariably governed
by regulation. Marlowe currently provides software to over 1
million users and services to over 25% of Britain's commercial
premises. The Group provides customers with a single outsourced,
nationwide, provider of a range of regulated compliance and safety
solutions. Our customers can be found in office complexes, high
streets and leisure facilities, manufacturing plants and industrial
estates, and include thousands of SMEs, local authorities,
facilities management providers, multi-site NHS trusts and FTSE 100
companies.
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END
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