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PTSG announce acquisition of M & P Fire Protection Limited

PTSG, the niche specialist services provider, is pleased to announce that it has extended its Fire Solutions business through the acquisition M&P Fire Protection Ltd. Based in Maidstone, M&P is a specialist in the installation and maintenance of sprinkler, dry and wet riser systems. It has been acquired for a total consideration of up to £3.5m, comprising an initial cash payment of £1.0m, deferred cash payments of £2.5m payable over five years, subject to the business achieving stretching and escalating milestone profitability targets in each of those periods. The deferred consideration can be paid in cash or shares at the sole option of PTSG.
Unaudited revenue of M&P for the year ended 31 March 2017 was £2.1m, delivering a profit before tax of £0.2m. Unaudited net assets at the same date were £0.2m.
The business will be integrated into PTSG’s Fire Solutions business. Paul Atkins and Michael Thackray of M&P will remain with the Group and work with PTSG’s management team to grow and expand the acquired business.
Paul Teasdale, CEO of PTSG, said: “We are delighted to welcome M&P as our latest addition to the Group. The business is well established and respected in the UK, their addition to the Group extends our service offering in Fire Solutions, particularly in London and the South East and complement our existing extensive offering as the UK’s largest niche specialist service provider. We look forward to working with Paul and Michael and their colleagues to grow the business and expand the Group’s activities in these key areas."


 

British Woodworking Federation Announces New CEO Appointment

Industry body makes changes at the top as it renews focus on Building it Better with Wood
Iain McIlwee is to stand down as Chief Executive of the British Woodworking Federation (BWF) after almost seven years. Iain has worked closely with the board on a succession plan and the BWF is pleased to announce that Helen Hewitt has been appointed Acting CEO with immediate effect.
Helen joined the BWF as Membership Director and Wood Window Alliance Lead in November 2017 and has already made a significant impact in many areas of the business especially, in helping to improve processes and engagement with members as well as supporting the Build it Better with Wood values of the organisation.
Iain will continue to work alongside Helen at the BWF until the end of September, when he leaves to take up a new role as chief executive of FIS, Finishes & Interiors Sectors Limited, the trade body which represents the fit-out sector.
BWF president Sean Parnaby said: “Over the last seven years Iain has contributed hugely to the BWF’s step change in profile and activity and helped to ensure we genuinely are one of the outstanding performing trade associations in the UK. He leaves with our gratitude and blessing and we look forward to working with him in his new role.
“We are delighted to have Helen on board, she has a strong track record in developing training and membership organisations in the materials supply chain and her commercial experience will help in directing the BWF through the next period as it naturally evolves. This is an exciting time for the BWF as we promote the UK’s exceptional woodworking skills and the many benefits of building with wood, and we are looking forward to the future.”
Iain McIlwee added: “It has genuinely been a privilege to work in the woodworking sector, to represent the BWF Membership and lead what is an inspirational, enthusiastic and talented team. Having worked closely with Helen I am confident that the BWF is not just in a safe pair of hands, but that the organisation will have a progressive, astute, strong and enthusiastic individual at the helm who understands and respects the values that unite our membership and industry. These are, without doubt, exciting times for timber and the BWF and I will continue to evangelise about the fantastic sustainable, healthy, effective and often stunning solutions that timber delivers and the importance of the craft at the heart of our manufacturing sector that is the woodworking industry.”
Helen Hewitt said: “I am absolutely delighted and honoured to be given the opportunity to spearhead the BWF through this next phase. I am looking forward to working closely with our Members, the Council and Executive in developing the strategy which will build on the new Build it Better with Wood campaign; launched at our most successful members day yet. With wood delivering on so many levels and the sector boasting craftspeople and engineers of the highest calibre, the proliferation of wood in the built environment presents exciting opportunities for the construction sector. I have been truly humbled by the passion and pride the industry has for the products it produces and the people it employs.”
The trade association for the woodworking and joinery manufacturing industry in the UK, the BWF provides a voice for the sector in the UK and influences the development of policy, regulations and standards.
The BWF’s Build it Better with Wood campaign is designed to make wood the construction material of choice by celebrating its many benefits in the built environment and promoting the vast range of woodworking and joinery expertise available in the UK.


 

New Director appointed at Robinsons Facilities Services

Leading facilities management and compliance company, Robinsons Facilities Services, has appointed a new director to head up the firm.
Katie Challis, who previously acted as Service Manager at the company, has been promoted to director following a period of recent change.
Robinsons Facilities Services offers a full range of hard FM services to commercial customers throughout Yorkshire including boiler, plumbing, air conditioning, electrical maintenance and repair services as well as many other specialist services provided by its long-established subcontractor partnerships. The company has enjoyed 20% year on year growth since 2013 and is now four times the size it was then, managing maintenance contracts for over 500 sites in Yorkshire and employing 18 staff from its head office in Bishop Thornton, Harrogate.
Katie joined Robinsons Facilities Services soon after completing her degree at Manchester Metropolitan University. Since joining the business in a customer service role, Katie has progressed to take on more senior positions and has held the Service Manager position for the last two years.
Her track record of providing exemplary client care skills has ensured she has become a key member of senior staff at the firm and now manages a large number of customer maintenance contracts ensuring firms are compliant with the latest mechanical and electrical safety standards.
Katie’s new Director role will see her continue her focus on business development, engaging with both current and new customers, with a continuous aim of driving the business forward and overseeing the day to day operations of both the business and the staff.
Managing Director Luke Kitchen commented: “Katie is a fantastic, hardworking individual who consistently strives for customer satisfaction. She has shown herself to be highly skilled in the field of commercial facilities management and compliance and we are exceptionally proud to appoint her as a director of the firm at what is an extremely exciting time for the business.”
It is estimated that women hold less than 25% of board positions in the UK, and far less than this in male-dominated industries such as compliance and engineering. Robinsons Facilities Services are keen to recognise Katie’s hard work which has resulted in a promotion to Director.
Luke Kitchen will remain in his role as Managing Director but will not be involved in the day to day operation of the business, instead taking a more strategic and advisory role to support Katie and her team as he works on the firm’s five-year business plan.


 
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