15th Dec 2015 08:26
LONDON (Alliance News) - Property services company Styles & Wood Group PLC on Tuesday said it has been re-appointed to a major property refurbishment framework by TSB Bank PLC.
The new programme has seen the number of contractors working on the refurbishment cut from five to two and will cover a five-year period, starting in January 2016.
The framework will cover around 200 branches in the UK and Styles & Wood expects it will generate around GBP10 million to GBP15 million in revenue per year over the course of the contract.
"We are delighted to have secured a place on this revised national framework. We have enjoyed an excellent relationship with TSB Bank and look forward to working closely with them to deliver an exceptional offering to their customers," said Chief Executive Tony Lenehan.
Styles & Wood shares were up 10% to 204.70 pence early Tuesday, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Styles & Wood Group