25th Sep 2020 14:40
Marlowe PLC - London-based safety & compliance services firm - Acquires Hertfordshire-based Morgan Fire Protection Ltd for GBP5.0 million net, with funding coming from Marlowe's existing cash resources. Morgan Fire Protection provides a range of fire safety services predominantly to small and medium-sized enterprises in and around London and south-east England. Revenue for financial year ended March 31 was GBP4.3 million, with adjusted earnings before interest, tax, depreciation, and amortization of GBP800,000. Net assets as at July end was GBP1.3 million. Acquisition to add further scale and capability to Marlowe's Fire division
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By Ife Taiwo; [email protected]
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