17th Apr 2007 07:02
Worthington Nicholls Group plc17 April 2007 Worthington Nicholls Group plc Trading update Worthington Nicholls Group plc, (AIM: WNG) ("Worthington Nicholls" or the "Company"), the UK's largest independent installer of air conditioning, heating,ventilation and chilled water systems, is pleased to announce that its newbusiness pipeline has increased in line with projections and that currenttrading is strong. Today, the Company can report that since 1 October 2006 it has submitted tendersfor approximately £85 million worth of additional new business which areoutstanding as at today, an increase of £18 million in the new business pipelinefigure from that reported in January in the preliminary results statement. Thenew business pipeline includes a growing number of major air conditioninginstallation contracts for prestigious hotels in continental Europe, animportant new market for Worthington Nicholls. In response to the rising demand for its services in the UK and Europe, theCompany today announces that it is in two-stage process to take up to 3,000square feet of additional office and staff car parking at its head office inWilmslow, near Manchester, thereby doubling its capacity. The first stage hasbeen agreed and stage two is in advanced negotiations. It will also be opening a new office in Bluewater, Kent on Friday 20 April, fromwhich most of its major European contracts will be managed. Mark Worthington, Chief Executive of Worthington Nicholls, said: "We are pleased to report that revenues continue to grow in line with marketexpectations and that our UK and European new business pipelines are healthy.The increase in our office capacity, in terms of new sites and the extra officespace at Wilmslow, will ensure that the infrastructure is in place to enable ourexpansion to continue at its current pace." Enquiries: Worthington Nicholls 0870 609 1829Mark Worthington, Chief ExecutiveDavid Levis, Corporate Director Gresham PR Ltd 020 7404 9000Neil Boom / Laura Black Blue Oar Securities Plc* 020 7448 4400Rhod Cruwys / Romil Patel Information on Worthington Nicholls can be accessed via the Group's website:www.worthington-nicholls.co.uk * Blue Oar Securities was formerly Corporate Synergy Plc and acts as NominatedAdviser & Broker for the Company This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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