New Contract Award
28 9월 2009 - 3:00PM
UK Regulatory
TIDMSTBR
RNS Number : 7266Z
Southern Bear PLC
28 September 2009
28 September 2009
Southern Bear Plc
("Southern Bear" or the "Company")
New Contract Award
* Fenhams Limited ("Fenhams") awarded Eaga Plc ("Eaga") contract for Warm Front 2
* Significant increase in Fenhams' sales revenue and profit expected
* New appointment increases Fenhams' central heating/boiler replacement measures
from 18 to 35 regional areas
* New appointment increases Fenhams' insulation measures from 4 to 13 regional
areas
Southern Bear, a holding company focusing on investments in the support
services, industrial and engineering sectors of the UK and Europe, is delighted
to announce that its wholly owned subsidiary, Fenhams, has been successful in
the Eaga invitation to tender to provide contracting services for the Warm
Front 2 scheme.
Fenhams' original appointment to work under the Warm Front 1 contract to deliver
central heating / boiler replacement and repair measures was in 4 regional
areas. In 2005 Fenhams won 18 new areas, and after being awarded the Warm Front
2 contract, now controls a total of 35 regional areas stretching from the
Scottish border to the South Coast.
Under the Warm Front 2 contract, Fenhams has also been successful in increasing
its geographical spread in the delivery of insulation measures, where the number
of regional areas covered has increased from 4 to 13.
Fenhams has worked closely with Eaga since 2003 and to date has carried out over
25,000 measures under the Warm Front Scheme, worth over GBP22 million, from its
head office in Newcastle upon Tyne and branches in Worksop, Redditch, Milton
Keynes, Swindon and London.
Fenhams' MD Paul Richardson stated
"I am delighted to announce the new Warm Front 2 contract , we have a close
relationship with Eaga and a fantastic team at Fenhams. This is a just reward to
Fenhams' commitment to service excellence and continual improvement. We are all
looking forward to our expansion and the new opportunities it will present."
For further information please contact:
Southern Bear plc
Paul Richardson
Tel: +44 (0) 1926 888302
Nominated Adviser:
Grant Thornton Corporate Finance
Gerry Beaney
Tel: +44 (0) 20 7383 5100
Broker:
Dowgate Capital Stockbrokers Limited
Neil Badger
Tel: +44 (0)1293 517744
Financial PR:
Bishopsgate Communications
Robyn Samuelson/Siobhra Murphy
Tel: +44 (0) 20 7562 3350
This information is provided by RNS
The company news service from the London Stock Exchange
END
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