This is one to keep an eye on. If it does become even remotely as successful as Homeserve (HSV) then the shares will be motoring..............

Update: Mavinwood takes on Homeserve

LONDON (ShareCast) - Mavinwood, the cash shell turned support services firm, said current trading has been in line with expectations as it looks to take on Homeserve in the emergency services market.

Run by former British Gas executive Kevin Mahoney, who attempted to buy drain-cleaning firm Dyno-Rod last year before a large shareholder pulled out of the deal, the company recently acquired a similar business though the 25m acquisition of ANSA in June.

ANSA provides drain cleaning services and well as handling insurance claims. Mavinwood is hoping to use the business as a platform to create an Emergency Services division.

Kevin Mahoney is looking to expand the current services ANSA offers, moving into other avenues around the home, in a bid to provide customers with an alternative to home repair and services provider Homeserve. The group is looking to add on acquisitions to complement the business and hopes to announce a deal by the end of the year.

The other area of the business was started through the 6m acquisition of Restore in May, which provides data storage and document management services. Mahoney suggests this area too is ripe for consolidation and Mavinwood is already on the look out for deals.

Mavinwood reported a pre-tax loss of 122,000 for the six months to June against a loss of 81,000 last time, though this does not include trading from teh acquired businesses.

Forecasts expect the group to turn in a profit of some 1.5m for the year.

motoring along now.

Ian

Gone into uncharted territory (and on quite good volume too !!).

Fantastic

Mono

Like the look of this - and a quiet bb too. Must be good.

It is good ! must be something going on... we have had a nice sp today and previous days... and the results are not due until 12Sept?

Certainly been perky the last week or so.

I think canny investors have woken up to the potential of getting a lot of business as a result of the floods.

Expect some healthy upgrades in the next few weeks.

Ian

Results due tomorrow...expected to see more rises in the sp in the run up...?

It's been a bit quiet here lately with this company

Anyone still in ? ...results due mid march-ish..should be good and this one is undervalued...should see a rally in the sp in thre run up to the release of full yr results

this from last Sept.
OUTLOOK

The Group ended the half year with two well-established divisions and a market
capitalisation currently in excess of 90 million. Integration benefits are
coming through in the two divisions as well as good underlying organic growth.
The emergency repair and document handling industries continue to grow strongly
and our businesses are trading in line with expectations. We still plan to add
further complementary businesses to these operations on a selective basis and
given the cash generative qualities of the business, there is scope to acquire
further businesses for cash.

sp perked up this morning...must be something cooking ? or an early start to a pre results rally due mid March.

Anyone besides myself still in ?

All looks good to me :

RNS Number:8887P
Mavinwood PLC
12 March 2008



Mavinwood plc
("Mavinwood" or "the Company")

Preliminary Announcement

Preliminary results for the year ended 31 December 2007

- Another year of good progress and strong growth

- Profit before tax up 35% to 5.0m (2006: 3.7m)

- Adjusted fully diluted earnings per share up 19%

- Integration delivering results

- Successfully completed acquisitions of Document Control Services
Limited and Peter Cox Limited

- Board strengthened

- Clear strategy for growth

Financial highlights:
2007 2006 Increase
'000 '000

Turnover 68,153 42,453 +61%
Adjusted profit before taxation1 12 7,289 5,044 +45%
Profit before taxation 2 5,047 3,751 +35%
Basic earnings per share 0.56p 0.66p
Adjusted fully diluted earnings per share1 2 0.96p 0.81p +19%


OUTLOOK

The Mavinwood Group ended the year with two well established divisions and a
current market capitalisation in excess of 70 million. Integration benefits are
coming through in the two divisions as well as good underlying organic growth.
After a few months of lower than normal volumes at the end of 2007, particularly
in drainage, the Emergency Repair business has started 2008 well with
instructions back to their early 2007 levels. The Document Handling industry
continues to grow strongly in 2008 and our business is well placed within the
industry.

We plan to add further complementary businesses to both divisions on a selective
basis and given the cash generative qualities of the Group, there is scope over
time to acquire further businesses for cash.