This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

More growth and positive trading results from PTSG

16 January 2018

With 2017 results expected to be in line with its board's predicted results, Premier Technical Services Group (PTSG) has announced its 2018 results will be "materially ahead" of current market forecasts.

Strength of its order book along with successful integration and ongoing progress within recently acquired businesses are given as reasons for its positive outlook.

It says that the integration of the 'Best' Lightning Protection business, acquired in July 2017, is continuing well and is nearly complete.

UK Sprinklers, acquired in September last year, has now been fully integrated and is trading 50% ahead of its previous performance with a "very strong order book and pipeline".

Its statement is in stark contrast to the news of Carillion's announcement, although PTSG states that the value of work completed for the business is in the region of £.8m.

However, it expects this work will be taken on by existing clients and expects the effects of the Carillion demise to be "minimal".

Outstanding debt of £0.3m from Carillion has been fully accounted for in the PTSG 2017 balance sheet.

Final results for the groups's trading up to 31 December 2017 will be announced on 20 March.

The company has further announced the appointment of Michael James Higgins as non-executive director.

He was previously chair of the Quoted Companies Alliance (QAC) and a KPMG partner from 1996 to 2006.

Print this page | E-mail this page


Article image Calls to show the better side of the FM sector increase after Carillion failure

There is a need to emphasise that there is a better side to the FM industry than the image emerging in the wake of the Carillion failure.Full Story...

Article image Manchester Cleaning Show To Focus On Future Of Cleaning And Wider FM Issues

The full programme for the second Manchester Cleaning Show, the northern edition of The Cleaning Show which now alternates annually with Excel in London, has been announced.Full Story...

Pest control warning from industry body

WCRS hosts series of free informative webinars

Increasing issues relating to refrigerants following F Gas regulation impact