17th May 2006 08:17
Spice Holdings PLC17 May 2006 17th May 2006 Spice Holdings plc Contract win The Board of Spice Holdings plc ('Spice' or the 'Company') is pleased toannounce that its Facilities Division has been selected to provide propertymaintenance management services to Kentucky Fried Chicken (Great Britain)Limited ("KFC"). Within the contract, Serviceline will provide a comprehensive facilitiesmanagement service to almost 300 of KFC's managed stores, with the ability topass work to its sister company Circle Britannia where the capability exists.The balance of works will be sub-contracted to other suppliers. This framework contract is for three years with total spend managed on behalf ofKFC estimated to be £7 million per annum with an estimated turnover value toSpice of £2.5 million per annum. The estimated value to Spice of £2.5 million includes Serviceline's management fee and also the anticipated value of spendreferred from Serviceline to Circle Britannia. The contract is similar to Spice's existing comprehensive facilities managementservices contract with Starbucks and represents another significant organicgrowth development in the Commercial and Retail sectors. Ends Enquiries: Spice Holdings plc Tel: 0113 384 3838Simon Rigby, Chief Executive OfficerOliver Lightowlers, Group Finance DirectorCarl Chambers, Corporate Development Director Financial Dynamics Tel: 020 7831 3113Sally LewisBilly Clegg NOTES TO EDITORS Spice Holdings plc Spice is a support services business operating in the utilities and facilitiesmanagement sector. The Group's operations were founded in 1996 and have theirorigins in the electricity industry, though the range of activities has sincebeen expanded into the water sector, niche telecommunications services, thepublic sector and commercial facilities management. Spice's businesses have acommon theme of delivering and co-ordinating infrastructure services tocustomers, and the technological element within the product mix has been builtup significantly over the course of the last three years. Circle Britannia and Serviceline Circle Britannia is a provider of outsourced facilities services to corporateclients and reinstatement services for major insurers. ServiceLine provides outsourced maintenance helpdesk services delivered eitheras part of an integrated facilities management service, incorporating CircleBritannia's facilities service operation, or as a stand alone service managing client's existing suppliers. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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