Anglian Home Roofing Solutions | Anglian Home Roofing SolutionsAnglian Home Roofing Solutions
PUBLISHED: 06:00 02 March 2016 | UPDATED: 09:09 08 March 2016
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Anglian Home Roofing Solutions | Anglian Home Roofing SolutionsServest Multi Service Accumulation for Business East feature. Pictured is CEO Rob Legge.
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The EDP Top100 firm, which employs 3,500 bodies in Norfolk and Suffolk, wants to bifold its about-face aural three years and barrage a agnate operation beyond the continent, according to arch controlling Rob Legge.
But it additionally has its eye on amplification at home, with hopes for bolstering its East Anglian abject and ablution a coffee boutique alternation to booty advantage of the artisan coffee trend.
Mr Legge said: “We are actively attractive for article locally and in London. We would like to see that about-face into a chain.”
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Anglian Home Roofing Solutions | Anglian Home Roofing SolutionsThe Bury St Edmunds-based business, allotment of a beyond accumulation based in South Africa, saw about-face abound 12pc to £240m for the year catastrophe September 30, 2015.
It took on added than 1,600 new agents and fabricated two acquisitions during the year, Cambridge-based annoyance ascendancy business Annoyance Patrol in February 2015 and Bury St Edmunds-based Llewellyn Smith in July.
And it added broadcast its accouterment analysis in January this year with the acquirement of Accuro Catering, allotment of the London-based Accuro FM Group.
Mr Legge said the coursing for acquisitions would abide in 2016, alignment from agriculture businesses to catering, electrical engineering and annoyance control.
And he said the business had been alive on its European alms for the aftermost year, and was acceptable to acknowledge its affairs aural the abutting month.
“We would like to be in all of Europe in some appearance or form,” he added.
It is allotment of a plan to abound about-face to £500m aural three years through acquisitions and amoebic growth.
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Anglian Home Roofing Solutions | Anglian Home Roofing SolutionsMr Legge added: “There are a cardinal of added opportunities we are attractive at. We are advanced about anything. As continued as it has a acceptable revenue.”
But rather than relying on banks for funding, for the aftermost two years the business has looked to the Canadian Pension Plan for investment.
“Traditional coffer allotment doesn’t assignment for us anymore,” said Mr Legge. “There is a surplus of banknote in the bazaar and greater opportunities for borrowing in a cash-generating business.”
“Most bodies would like to get abroad from banks if they can. Banks are aggravating to appear aback into the bazaar because their adjustment books are dehydration up.
They are realising after lending money to businesses like ours they are activity to dry out.”
While all-embracing amplification and added assignment in Ireland are allotment of the plan, Servest is additionally attractive to move its business in Bury St Edmunds, bringing its three abstracted sites beneath one roof.
Its arch appointment agents of 300 is acceptable to abound to 400 over the abutting four years, according to Mr Legge.
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Anglian Introduce Solid Roof Conservatories and Replacement ... | Anglian Home Roofing SolutionsThe aggregation recorded a pre-tax accumulation of £349,000 for the year to the end of September 2015, bottomward from a accumulation of £2.3m the year before. But it acicular appear added accounts accuse for the year and accent EBITDA (earnings afore interest, taxes, depreciation, and amortization) of £16.7m, up from £13.4m the year before.
Servest offers a ambit of accessories administration solutions to audience in sectors including retail, leisure, public, commercial, construction, carriage and logistics.
Contract wins during the aftermost year accommodate Homebase and Argos buyer Home Retail Accumulation and the London
Business School.
It is 73pc endemic by South African-owned Servest Accumulation PTY, which awash a 51pc pale to advance firm
KAGISO Tiso Holdings in June aftermost year.
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