Sureserve Group eyes opportunity in UK energy transition

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  • Sureserve expects continued strong trading throughout the year
  • Sureserve’s Bob Holt ‘delighted’ with first half progress as it continues to operate in lockdown
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AIM:SUR

Market: AIM
Market Cap: GBP125.41 m
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The Sureserve Group makes a difference to people’s lives by delivering compliance and energy services in communities across the UK, in a range of sustainable markets including social housing, public buildings, education, energy services and industrial and commercial buildings. Our workforce of over 2,000 people deliver operational excellence and build strong relationships in highly regulated sectors that deliver significant recurring revenues. We are a stable, cash-generative Group and have good relationships with governmental contracting organisations throughout the UK with strong regulatory drivers underpinning much of our work, leading to a strong order book and visibility of future earnings.

18 May 2021

() said it is well-positioned for further organic growth in a fragmented and regional market and expects continued strong trading throughout the year.

The compliance and energy services company said it has entered the second half of the financial year ahead of previous management expectations.

It expects, with GBP371.6mln order book providing visibility of earnings, to report further profitable growth during 2021.

In fact, 99% of full-year estimated revenue is covered by the order book, providing visibility of non-volatile revenue streams.

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18 Mar 2021

() said it is beginning the formal process to appoint a new independent non-executive chairman and a new chief executive amid a board reshuffle.

The compliance and energy services group said that Bob Holt has decided to step down from his position as executive chairman so senior independent director Robert Legget will step in as an interim.

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02 Feb 2021

() saw its shares rise on Tuesday as the compliance and energy services group said its performance in the year to the end of September 2020 was ahead of expectations.

In its preliminary results statement, the group added that it has started the current year strongly. The board has proposed a doubling of the dividend to 1p.

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27 May 2020

‘s () chairman Bob Holt tells Proactive London’s Andrew Scott they’ve continued to operate at around 70-80% capacity during lockdown as the business has ‘key worker’ status. Holt says despite some of the early challenges of the pandemic profits in the first half were well up increasing 27%. He adds that they have a strong order book of GBP323.7mln and the group’s financial position is now better than it has been for many years.

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Sureserve’s Bob Holt ‘delighted’ with first half progress as it continues to…

Sureserve Group Plc’s (LON:SUR) chairman Bob Holt tells Proactive London’s Andrew Scott they’ve continued to operate at around 70-80% capacity during lockdown as the business has ‘key worker’ status. Holt says despite some of the early challenges of the pandemic profits in the first half were…

on 27/5/20

3 min read

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