Restore 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-
Read moreRestore acquires record management services firm
12th May 2014 08:48
Document management and office relocation-focused Restore on Monday announced it has acquired Filebase, which provides records management and secure shredding services, predominantly in the North East of England. Filebase, which was founded in 1996, was purchased for a cash consideration of £378,00
Read moreRestore buys Magnum Secure to expand records management services
22nd Apr 2014 07:49
AIM-listed office services group Restore has acquired Magnum Secure, a records management and shredding services company focused in the north east of England. Founded in 1989, Magnum is said to have developed a strong presence with large public sector organisations and currently operates from sites
Read moreRestore hikes dividend after strong growth in 2013
13th Mar 2014 07:59
UK office services provider Restore hiked its dividend by over a quarter after a strong increase in adjusted profits in 2013. The AIM-listed group said that adjusted profits surged by 61% to £10m last year on revenues that rose 24% to £53.6m. Results were helped by a strong performance from the co
Read moreRestore snaps up records management firm
20th Mar 2013 13:11
AIM-listed support services firm Restore announced a placing to raise up to seven million pounds to fund the purchase of File & Data Storage, a records management services company in the UK. The acquisition of File & Data is worth an initial consideration of £6.1m but includes a cash earn-out capp
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