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

I spy with my little eye

We asked three experts on security how the surveillance technology is changing and innovating, and this is what they said…...
Article image

ISS Group CEO resigns

Jacob Aarup-Andersen has submitted his resignation to the Board of Directors......
Article image

EHL expands with new site

Lloyds Bank has supported a ground-breaking £830K investment in the North-East building service company......

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

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

EMCOR recognised for healthy workplace

EMCOR UK has won an International Safety Award from the British Safety Council......