AIM-listed integrated property services specialist Styles & Wood has secured a contract to deliver the fit-out and refurbishment of the India Buildings in Liverpool on behalf of its client Shelborn Asset Management.
As investors in integrated property services and project delivery specialist Styles&Wood gathered on Wednesday for the company's annual general meeting, chairman Paul Mitchell was set to update them on the firm's current trading, confirming business in the year to date had been in line with management expectations.
Integrated property services and project delivery specialist company Styles&Wood said it anticipated delivering strong underlying profit and margin performance for 2016 on Wednesday, with adjusted profit before tax in line with board expectations.
AIM-listed integrated property services and project delivery firm Styles & Wood said it had entered into new banking facilities with Santander.
Integrated property services and project delivery company Styles&Wood announced on Monday that it has acquired the entire issued share capital of specialist mechanical, electrical and environmental consultancy services provider, The GDM Group, for an initial consideration of £4m to be satisfied in cash and shares.
Integrated property services company Styles & Wood has acquired Sussex-based critical facilities and data centre services provider Keysource for an initial consideration of about £2m.
Integrated property services and project delivery company Styles & Wood Group posted its interim results for the six months to 30 June on Monday, with revenue rising 2% year-on-year to £47.1m and gross margin improving to 9.9% from 8.4%.
Styles & Wood has been appointed as one of four strategic partners by "one of the world's largest" banking and financial services organisations for the delivery of its UK Capital Plan over the next five years.
Harwood Capital, acting as investment manager on behalf of North Atlantic Smaller Companies Investment Trust PLC, picked up another large batch of shares in EKF Diagnostics.
Styles & Wood, an integrated property services and project delivery specialist, secured six contracts worth £23m helped in large measure by a surge of activity in the Manchester market in recent months.
Final results from property refurbishment and office fit-out services group Styles & Wood show it lifted underlying profits 55% last year and now has a bulging order book as it enjoys various beneficial trends in 2016.
Styles & Wood Group has been selected to carry out the £17.7m refurbishment of Westminster House offices in Manchester for Aviva Investors, in what will be the company's single largest project since 2008.
Matt Widdall has been appointed non-executive director of Styles & Wood with immediate effect.
Styles and Wood (S&W) shares surged on Friday as it revealed the refinancing of its outstanding convertible preference shares, with Henderson Global Investors fund and a Royal Bank of Scotland (RBS) subsidiary both investing.
Property services and project delivery specialist Styles & Wood saw its revenues go down during the first six months of the year despite strong demand from food retailers and new acquisitions.
Property group Styles & Wood has secured several contracts for high-end projects in Dubai with its joint venture partner Dutco.