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Reynolds finds a new challenge

10 December 2009

(l-r) Jamie Reynolds, Chris Moody and Gary Keach (former  owners of Status Building Services) and Jonathan Parker-Stafford, MSS

Former chief executive of GSH Group, Jamie Reynolds has signed up as Chief Operating Officer at Managed Support Services (MSS) with a brief to grow it into an integrated FM business.

Reynolds has agreed to join Managed Support Services (MSS) just at the moment when it has made its first major acquisition. It acquired the privately owned Status Building Services group  for £3.7m. The company comprises Status Building Services, Status Electrical Services and  Status Fire Protection and has a turnover of about £8m and profit before tax of approximately £360,000.
Status provides a range of technical building services directly to building owners or to managing agents primarily located in London and the South East.   About half its revenue arises from its contracted maintenance activities  with the balance being additional works and small projects. The services provided by Status are similar to those already offered by the MSS Facilities division and its acquisition brings MMS turnover to about £30m.
MSS is headed by Chief Executive, Simon Beart, who is also a major investor in the business. Commenting on Reynolds’ appointment and the acquisition of Status Building Services,  he said, “These latest developments represent a statement of intent of our long-term aim to create a leading integrated FM business within the UK. Jamie brings considerable knowledge and expertise to MSS and will be an integral part of the management team who are driving the business forward. The acquisition of Status is another step in expanding our geographic footprint and growing our customer base.”
Reynolds departure from GSH after 17 years in which he entered the company on  the  Government’s Youth Training Scheme (YTS)  and rose to chief executive, came as a surprise to the market. He had returned to the UK recently following a successful period deveoping GSH business in the USA but left the company when it was returned to family ownership.  He considered his options for a while but was attracted the potential the opportunity MSS offered to use his experience gained with GSH of growing FM business in both the UK and the USA.
Relishing the challenge, Reynolds said “I look forward to using my experieicne to build a market leading business that provides innovative and effective solutions.”
MSS has its HQ and helpdesk in Wilmslow, Cheshire, and offices in Hammershmith, Redhill and Dartford. Its registered office in Woking. Most of its clients are located with the M25 and in north-west England.   Its core skills are in engineering and maintenance, particularly in commercial kitchen equipment, as well as interior fit out and fabric maintenance, and small works and CAPEX projects. Its key market are commercial property, retail, hotels and the public sector.
Reynolds expects that the MSS group will grow organically and through acquisition.  He noted that there were also many opportunities for cross selling services to existing clients. 
“There is space in the market for an organisation that can differentiate itself from larger organisations, “ he said.  “Clients want value, cost savings, a local supplier rather than a large organisation and the personal touch.”
Pictured (l-r) Jamie Reynolds, Chris Moody  and Gary Keach (the former owners of Status Building Services, and Jonathan Parker-Stafford,  Divisional  Finance Director MSS

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