Nighthawk remains jolly 09/02/2012
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Mears and more at the GCI Show
Investors have the opportunity to quiz the management of Mears Group, the social housing maintenance specialist that last week completed its second acquisition in the domiciliary care market, on Wednesday 13 June. This purchase, of profitable Lancashire-based Britannia Care for £1.1 million, comes just two months after Mears obtained the larger AIM-listed Careforce for £22 million, into which it will be assimilated.
Mears’ chairman Bob Holt and finance director David Robertson will be available to answer questions from investors about this new addition and other issues as part of the Growth Company Investor Show this Wednesday at the Barbican Exhibition Halls. Also appearing will be executives from translation services provider RWS, another to have pleased investors with a profitable bolt-on acquisition of its own of late.
Surrey-based RWS, whose recent interim results displayed record profits on sales up 17 per cent at £22.6 million, completed the purchase of North London-headquartered Japanese technical translations specialist, Japanese Language Services Limited, for £1.05 million in cash.
Executive chairman Andrew Brode, 47.6 per cent owner of RWS and non-executive director of Growth Company Investor publisher Vitesse Media, said ‘we expect to build the business rapidly. This acquisition will be immediately earnings enhancing and will further underline RWS's position as Europe's leading translation provider.’
Along with the above two, more than 70 management teams of AIM, Full List and PLUS ventures will be presenting at the show. Other exhibiting companies include Claimar Care, Harvey Nash and Armour Group and investors can register by visiting the GCI Show website.
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