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.

MSS to build on Building Services

05 September 2011

Managed Support Services (MSS) has completed the sale of its Compliance Division to The Capita Group Plc for £3.85 million, which will be used to fund the development of MSS` Building Services Division.

MSS expects to receive net cash of £3 million following adjustments for working capital and the settlement of inter group balances. This will leave the group in a strong financial position and well positioned to generate additional business wins and enhance service levels.

The Compliance Division provided a range of services including the provision of health and safety consultancy solutions, water treatment monitoring and water-related legislative compliance.

Simon Beart, Chief Executive of MSS commented: “The disposal will simplify the Group and strengthen the balance sheet, both of which we believe will contribute to achieving further new business gains. We decided to sell the Compliance Division because as a Group we were unwilling to fund the development of two divisions by acquisition and have therefore elected to concentrate our management and financial resources on the organic and acquisition driven growth of the Building Services Division.”

Contact Details and Archive...

Print this page | E-mail this page


View more articles
Article image

Prevention better than cure where compliancy and PPM is concerned

Industry experts give their response to the question of whether compliance with legislation should be a focus of maintenance procedures....
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
Article image

CSA Conference Secures Additional Industry Support

Scheduled for Tuesday 31st March at The Crystal in London, the first ‘Making Buildings Work’ conference has won the backing from two of the leading names i...
Article image

Court action against MoJ after "unfair" contract award

According to The Times, the Ministry of Justice (MoJ) is being sued by Mitie, following claims that it lost out on...
Article image

Real-time monitoring providing real-time benefits

When a medical diagnostics company required a new water treatment monitoring system to improve performance calculations and prevent unnecessary call-outs f...