Sureserve Group PLC 8 Year Contract Extension worth GBP68m with L&Q

TIDMSUR

Sureserve Group PLC

09 May 2022

REACH

9(th) May 2022

Sureserve Group plc

("Sureserve" or the "Group")

8 Year Contract Extension worth GBP68m with L&Q

Sureserve Group plc, the Social Housing Energy Services Group, is pleased to announce that its wholly owned subsidiary (K&T Heating Services Ltd) has successfully retained a long- term Gas Servicing, Repair and Installation Contract with L&Q. The Contract term is capped at 8 years, commencing on 1(st) May 2022 and is expected to generate sales revenue of GBP68 million over the entirety of the contract term. L&Q are a large, registered provider of social housing who own and manage more than 95,000 homes across London and South- East.

David Greenfield - K&T Heating Services - Managing Director, said:

"We are delighted to have been selected as one of the social housing service providers for L&Q. We have had a long term and trusted relationship, working in partnership with L&Q since 2013 and have developed a reputation for quality delivery of gas compliance services. This 8 year contract win recognises the importance of K&T Heating Services' client relationships, service quality and focus on delivering important critical services for social housing communities."

Enquiries

 
Sureserve Group plc 
Nick Winks, Chairman                   07973 316544 
Peter Smith, Chief Executive 
 Officer                               07590 929431 
Sameet Vohra, Chief Financial 
 Officer                               07834 740059 
 
Camarco (Financial Public Relations)   020 3757 4992 
Ginny Pulbrook 
Rosie Driscoll 
Toby Strong 
 
Shore Capital (Nominated Adviser 
 and Broker)                           020 7408 4090 
Stephane Auton 
Daniel Bush 
Fiona Conroy

Notes to editors

Sureserve is a leading UK social housing energy services Group. The Group was founded in 1988 and is headquartered in Dartford and currently employs some 2,489 staff.

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