TIDMSUR
RNS Number : 7996Z
Sureserve Group PLC
26 May 2021
26 May 2021
Sureserve Group plc
("Sureserve" or the "Group")
Appointment of Chairman
Sureserve, the compliance and energy services group, is pleased
to announce that Nick Winks will join the Board as independent
Non-Executive Chairman of the Group with immediate effect. Robert
Legget will resume his role as Senior Independent Director of the
Group.
Nick's early career saw him hold a variety of senior management
roles including as MD or CEO of a number of businesses, both
private and public. Since then, he has been focused on leading
business change projects and has worked with many businesses to
drive improvements in operating performance, cash generation and
debt structures.
Nick is currently Chairman of Virtua Group, a Non-Executive
Director at Rainham Industrial Services and Executive Chairman and
CEO at John Charcol Group. He has held previous key management or
board roles, increasing value at a range of public and private
companies including Claimar Care plc, Eleco plc, PCFG plc, Connect
Group plc, Escher Group plc and Inspecs Holdings plc. Nick is a
Fellow and past Director of the Institute for Turnaround.
Nick will be a member of the Group's audit, nomination and
remuneration committees.
The Group continues the formal process to appoint a new Chief
Executive and will provide an update in due course.
Robert Legget, Senior Independent Director, commented:
"Nick brings with him considerable commercial and leadership
experience as we embark on the start of a new stage of the Group's
development, with the objective of delivering organic and inorganic
growth. Both I and the rest of the Board look forward to supporting
Nick in his role as Chairman."
Nick Winks, Chairman of Sureserve, commented:
"I am delighted and honoured to be chosen to be Chairman of
Sureserve. After a short acclimatisation I shall prioritise the
search for a Chief Executive to lead the management in their
efforts to drive growth and execute the Group's buy-and-build
strategy."
Enquiries
Sureserve Group
Robert Legget, Senior Independent Director c/o Camarco
Peter Smith, Interim Chief Operating Officer 07590 929 431
and Chief Financial Officer
Camarco (Financial Public Relations)
Ginny Pulbrook
Ollie Head 020 3757 4992
Shore Capital (Nominated Adviser and Broker)
Stephane Auton
Daniel Bush
Fiona Conroy 020 7408 4090
Notes to editors
Sureserve is a leading Compliance and Energy Services group that
performs critical functions in homes, public and commercial
buildings, with a focus on clients in the UK public sector and
regulated markets. Services are delivered through two divisions:
Compliance and Energy Services.
The Group was founded in 1988 and is headquartered in Basildon
and currently employs some 2,299 staff.
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Nicholas Paul
David Winks, aged 73, holds or has held in the past 5 years the
following directorships and partnerships:
Current directorships/partnerships Directorships/partnerships within
the last 5 years
John Charcol Limited Watts Group Limited
----------------------------------
John Charcol Group Limited Watts Group Holdings Limited
----------------------------------
John Charcol Mortgages Limited Ensco 908 Limited
----------------------------------
Virtua Holdings Limited Debrett's Limited
----------------------------------
Rainham Industrial Services Butler & Young Group Limited
Limited
----------------------------------
WayPoint Change Limited Butler & Young Holdings Limited
----------------------------------
Waypoint Investors LLP Cordant Group plc
----------------------------------
JustFlight London Limited Faro Capital Limited
----------------------------------
Action Homeless (Leicester) Catalis SE
Limited
----------------------------------
Fawnick Investments Limited Catalis Limited
----------------------------------
Inspecs Holdings Limited
----------------------------------
CM 123 Limited
----------------------------------
K.M.B. Telemarketing Limited
----------------------------------
Escher Group Holdings Limited
----------------------------------
The following disclosures are made as required under sections
(v) to (vii) paragraph (g) of Schedule 2 of the AIM Rules for
Companies in connection with Nick Winks' profession as a business
recovery and turnaround specialist:
Mr Winks was appointed as a director and chairman of
Colorgraphic plc and its subsidiaries, namely CCS Pippbrook
Limited, CCS Computalist Limited, Chartwell One Limited, Chartwell
Two Limited, Chartwell Three Limited, Chartwell Four Limited, Color
Response Limited, Colorgraphic Group Pension Trustees Limited,
Colorgraphic Leasing Limited, Colorgraphic North America Limited,
Colorgraphic Overseas Limited, Colorgraphic Services Limited,
Lobbysun Limited and Pippbrook Software Limited in or around May
1991. In July 1992, these companies were placed into administrative
receivership and subsequently, into a voluntary creditors'
liquidation in January 1993. Mr Winks resigned as director of these
companies in July 1993. Colorgraphic plc was finally dissolved in
May 2007 and the dissolution of its subsidiaries, followed shortly.
The deficiency as regards creditors was approximately GBP7.5
million. Chartwell Four Limited was finally dissolved in May 2015;
however, in October 2015 it was restored to the Register of
Companies due to a litigious claim.
Mr Winks was appointed as a director of Evans Mechanical
Services Limited on 5 November 2010 and resigned as director on 1
July 2011. On 19 January 2012, the company was placed into
creditors' voluntary liquidation and dissolved on 20 August 2014.
The deficiency as regards creditors was approximately
GBP665,000.
Mr Winks was appointed as a director of Jubb Limited on 17 April
2003. On 6 October 2004, the company was placed into administration
and subsequently, a voluntary creditors' liquidation on 25 November
2005. The company was finally dissolved in May 2007 with no
deficiency as regards creditors.
Mr Winks was appointed as a director of Patientline plc on 18
May 2006 and resigned as director on 25 July 2008. On 28 July 2008,
the company was placed into administration and on 12 September
2008, the company and its relevant subsidiaries were sold to
Hospedia Group Limited for GBP46.0 million. The company was finally
dissolved on 27 May 2009 and the deficiency as regards creditors
was approximately GBP34.7 million.
Mr Winks was appointed as a director of Panacea Group and its
subsidiaries, namely Project Potion Group Limited, Project Potion
EBT Limited, Project Potion GH Limited and Project Potion Holdings
Limited, in February 2009. On 13 December 2010, these companies
were placed into a voluntary creditors' liquidation. The companies
were finally dissolved between 2012 and 2013. The deficiency as
regards creditors was approximately GBP11.0 million.
Mr Winks was appointed as chairman of Reabold Resources plc
(formerly Adventis Resources plc) on 14 February 2011 and resigned
as director on 19 December 2012. On 23 July 2012, the company was
placed into administration and subsequently, a company voluntary
arrangement commenced on 19 December 2012. The voluntary creditors'
arrangement was completed on 2 October 2013 with a deficiency as
regards unsecured creditors of approximately GBP9.6 million.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Rule 17 and Schedule 2
(g) of the AIM Rules for Companies.
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END
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