09 May 2005
FM firm GSH has floated on the Alternative Investment Market (Aim) in a move to support its continued growth strategy within the expanding outsourced FM market.
It is believed the enhanced commercial reputation and general market visibility that a listing brings will have a tangible commercial benefit for the group said Colin Tennent, chief executive of GSH. "We believe this flotation will enhance our commercial reputation and ensure we continue to retain and attract talented people that will take us to the next stage of our development as the contracted-out FM market continues to grow."
Revenues have grown consistently during the last three financial years reflecting GSH's record of contract renewals and contract wins. In 2004, the group generated revenues of £101.8 million and profit before tax of £3.5 million.
GSH has operations in the UK, Eire, Benelux and the US and a corporate strategy based on developing its strong client base. The company is committed to innovation and both employee and product development.