Restore buys Welsh secure shredding business
9th Jan 2017 08:17
(ShareCast News) - Records management company Restore has bought Reisswolf Wales, Border Counties & Merseyside, the secure shredding division of waste recycling business Parry & Evans, for an undisclosed fee. Restore's chief executive, Charles Skinner said: "Following the acquisition of PHS Data Sol
Read moreRestore posts impressive rise in first-half earnings
12th Sep 2016 10:41
(ShareCast News) - UK office services provider, Restore announced its unaudited half year results for the six month period to 30 June on Monday, with adjusted revenue rising 26% to £55.4m. The AIM-traded firm said its EBITDA improved 37% year-on-year to £12.3m, with operating profit growing 36% to £
Read moreRestore increases market presence through acquisition of PHS Data solutions
20th Jul 2016 11:46
(ShareCast News) - UK office services provider Restore on Wednesday announced the acquisition of PHS Data Solutions for £83.1m. Following the firm's acquisition with logistics company Wincanton late last year, Restore is expecting to further consolidate its position in the UK document management sec
Read moreRestore quits Ireland after just three months
10th Mar 2016 12:40
(ShareCast News) - Restore announced and completed a quick disposal of its Ireland document management operation on Thursday, selling the arm to Offsite Archive Storage for €36m (£27.8m) barely three months after it acquired it. The AIM-traded company announced in the morning it had entered into a c
Read moreRestore talks up a year of acquisitions
26th Jan 2016 11:45
(ShareCast News) - Restore Group was talking up a year of acquisitions in its trading update on Tuesday, ahead of its full-year results to 31 December 2015. The AIM-listed office services provider said its document management division continued to perform steadily, with its core records management b
Read moreRestore gobbles up Diamond Relocations
17th Dec 2015 16:34
(ShareCast News) - A major expansion for Restore, as it confirmed a takeover of one of its South London rivals on Thursday. The AIM-listed document management and relocations business announced it had completed the acquisition of Diamond Relocations, a relocations business based in Croydon. Diamond
Read moreRestore completes Wincanton deal
8th Dec 2015 15:33
(ShareCast News) - Support services group Restore has completed the acquisition of Wincanton and Wincanton Records Management for a combined £60m. The London-listed company first announced the deal last month, when it confirmed the acquisition, which was financed from funds raised through a placing,
Read moreRestore to buy Wincanton records management business for GBP55.7m
4th Nov 2015 12:05
(ShareCast News) - Office services provider Restore has agreed to buy the records management business of Wincanton for £55.7m, part of which will be funded through a share placing. Restore said the acquisition will be financed from funds raised by a placing with certain institutional investors and p
Read moreRestore interim profit surges despite dip in revenue
15th Sep 2015 09:40
(ShareCast News) - Office services provider Restore said acquisitions and restructuring costs resulted in a slight decline in interim pre-tax profit. In the six months to 30 June, the group posted a 12.1% decline year-on-year in pre-tax profit to £2.9m, as acquisitions and costs related to redundanc
Read moreRestore buys Manchester scanning business
17th Aug 2015 08:46
(ShareCast News) - Document services firm Restore has bought a scanning business for £1m, funded from its existing balance sheet. Under the acquisition deal with Manchester based Crimson UK, Restore may pay up to another £675,000 over five years conditional on a major contract. Shares in AIM listed
Read moreRestore to buy Data Imaging and Archiving for £1.45m
5th Aug 2015 12:59
(ShareCast News) - Restore has agreed to acquire The Data Imaging and Archiving Company for a cash consideration of £1.45m, which will be funded from existing banking facilities. Imaging and Archiving provides document management services from its base in South London and serves customers in the pri
Read moreRestore's H1 in line but technical issues in scanning business disappoint analysts
22nd Jul 2015 15:31
(ShareCast News) - UK office services provider Restore said its core records management business performed steadily during the first six months of the year but technical problems drove its shares down. Restore acquired Cintas in October last year and it has been focusing in integrating the new busin
Read moreRestore Group acquires collector of empty cartridges ITP for £4m
6th Jul 2015 10:59
Support services to offices group Restore acquired Takeback and Office Green (ITP), a collector of empty printing cartridges, for £4m. ITP collects empty printer cartridges and sells them on to cartridge re-manufacturers and original equipment manufacturers. Restore said the acquisition is in line
Read moreIPPlus sells document management business to Restore for £500,000
2nd Jan 2015 08:42
UK office service supplier Restore has acquired the business and assets of document management business Ancora Solutions from call centre provider IPPlus. Restore bought Ancora for £500,000 in cash on a cash-free, debt-free basis, funded from existing bank facilities. Ancora, which operates prim
Read moreRestore acquires Cannon Confidential
22nd May 2014 09:11
Document management and office relocation-focused Restore announced it has exchanged contracts to acquire Cannon Confidential from OCS Group for 0.933m pounds. Cannon Confidential which was founded in 1998 provides shredding services from four sites across the UK, the group was purchased on a debt-
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