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

Determined, long-term focus on getting the best CAFM results

The Portman Estate is continuing its efforts to gain as many benefits from its new CAFM system as possible following the replacement of its records managem...
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...
Article image

Center Parcs goes cashless with Systopia

Systopia, which deals with cashless payment systems, has secured a contract with UK Short Break Operator Center Parcs to provide cashless payment systems i...
Article image

70% of workers expect to continue working from home

Results from a recent BBC survey shows that 70% of those responding said they do not expect to return to full time office working....
Article image

OPEX OMATION 206 - the high volume letter opener

The design of the Opex Omation 206 sets a new standard of excellence! You can tell at a glance that this is no ordinary envelope opener. It represents the ...
Article image

A High Performance Service for a High Performance Business – GKN Aerospace

GKN Aerospace, a first tier supplier of highly complex composite and metallic aerostructures and engine products to the global aviation industry, recently ...