Restore plc is an AIM-listed support services company focussed on providing services to offices in the private and public sectors.

Restore plc has two divisions: document management and relocations. As a group it provides safe and secure services in document storage, online and tape storage, document shredding, office relocation, IT relocation and IT asset disposal. The group has significantly developed and expanded these services over the last few years by means of acquisition and organic growth and provides nationwide services, with storage locations across all of mainland Britain.

The Company was floated on AIM in November 2004. Our head office is in London W1.

Restore is a document storage company based in Redhill, Surrey. From its original storage facilities in Redhill, Paddock Wood and Launceston, and a 70-acre underground facility in Wiltshire, its geographical spread has grown significantly over the last few years, partly through acquisitions made in Oxfordshire, Sussex, Leeds, Glasgow, Middlesbrough, Manchester and Kent, as well as File and Data, another national records management business. It has also taken on the records management activities and sites of Harrow Green and now operates from 17 sites across the UK. The company offers a range of services from pure storage to a comprehensive, compliance-based records management programme and has customers throughout the UK.

Restore Shred, headquartered in Upper Heyford with sites from Glasgow to London, where it has a state-of-the-art facility with capacity in excess of 15,000 tonnes a year. The company was formed in October 2011 when it acquired the business and assets of Thoroughshred, a provider of secure shredding and recycling. The acquisitions of M&L Document Destruction and Cannon Confidential mean that Restore Shred now services customers across the UK.

Restore Scan (formerly Document Control Services Ltd (DCS)) is a specialist scanning company. The company is based in Peterborough and has a strong customer base across the UK, serving in particular the infrastructure sector.


http://www.restoreplc.com/investor-relations.php

Coms doing very well 4PS. Any info picked up, I will gladly add.

AGM Statement

RNS


RNS Number : 8433F

Restore PLC

30 May 2013


Restore plc

AGM Statement





At the Annual General Meeting of Restore plc ("Restore" or "the Group"), to be held today at 2pm, the Chairman, Sir William Wells, will make the following statement:



"I am pleased to report that 2013 has started well and that Group trading in the first four months of the year has been encouraging and in line with management's expectations.



In our Document Management division, the core records management business continues to perform strongly. The acquisitions made in 2012 have been successfully integrated and the integration of the acquisitions made earlier this year is now underway, including the uplift and relocation of boxes arising from the acquisition of File & Data. We are currently developing additional space at both our Oxfordshire site and at our freehold underground facility in Wiltshire.



Restore Scan (previously DCS) and Restore Shred, which form part of the Document Management division, continue to benefit from their integration into the division, with many new business opportunities now being generated from other parts of the Group.



Restore IT Efficient, which comprises IT Efficient, the IT asset disposal business we acquired in April, has an excellent customer list and very exciting prospects. We expect to generate significant sales leads for the business from within the Group's existing customer base.



Our Office Relocation division, which trades primarily as Harrow Green, is showing a strong year-on-year improvement in profitability, benefiting from both the reduction in its cost base and improving market conditions. Several of our largest customers have significantly increased their activity with us, while a number of major projects, such as the relocation of papers for the British Library and the relocation of the BBC from White City, will contribute to the division's results this year. The integration of Sargents' relocation business into Harrow Green has been completed.



Following the acquisition of Sargents in 2011, the Group was required to service Sargent's largest customer through BGM Group Limited, a move planning business which has recently entered administration. As a result Restore expects to record a one off exceptional bad debt of up to £800k in relation to BGM in the current financial year. However, we continue to service the large customer but through a financially strong intermediary.



The Group continues to be highly cash generative and we maintain a healthy financial position. Due to the high visibility of Restore's revenues we look forward with confidence to making further strong progress this year".

One of eight aim names ready to hit the target. A buy in this weeks shares mag.

Trading Update

RNS


RNS Number : 9201I

Restore PLC

10 July 2013








10 July 2013



Restore plc



Trading Update



Restore plc, the UK office services provider ("Restore" or "the Group"), today issues a trading update for the six months ended 30 June 2013.



Trading in the first six months of 2013 was in line with our expectations.



Our Document Management division continued to trade well, with the core records management business performing strongly. The integration of the three acquisitions made in the period - File & Data and Atix in records management, and IT Efficient in IT asset disposal - is proceeding to plan.



Our Office Relocation division, which primarily comprises Harrow Green, the UK market leader, continued to benefit from improved market conditions and the reduction in its cost base, which, as reported in our May 2013 AGM Statement, will result in a strong year-on-year improvement in its profitability.



The Group's Half Year results will be released on 12 September 2013.

Starting to get back to highs, up 4% today.

Nice relaxing chart!

According to IC this week, a buy and still to cheap. Still trade on 11 times 2014's forecast earnings.

Tipped in Shares as well.

In Shares mag today - Looks vulnerable to a takeover approach.

Acquisition of Magnum Secure Limited

RNS


RNS Number : 1685F

Restore PLC

22 April 2014




22 April 2014

Restore plc

Acquisition of Magnum Secure Limited

Restore plc ("Restore" or "the Company") is pleased to announce the acquisition of Magnum Secure Limited ("Magnum"), which was completed on 17 April 2014.

Founded in 1989, Magnum provides records management and secure shredding services, predominantly in the North East of England. Magnum has developed a particularly strong presence with large public sector organisations and currently operates from sites in Goole, East Yorkshire, and Spennymoor, County Durham.

Magnum was purchased for a cash consideration of £4.6m, on a cash and debt free basis, funded from Restore's existing baking facilities. For the 12 months ending 31 July 2014, Magnum's turnover is expected to be in the region of £2.8m, with EBITDA in the region of £0.6m.

The acquisition of Magnum will further strengthen Restore's position as one of the UK's leading providers of records management services and brings the benefit of some strong and long-standing customer relationships.

Charles Skinner, Chief Executive of Restore plc, said:

"The acquisition of Magnum broadens our customer base in records management, increases our geographical coverage of the UK and will provide the Group with additional cross-selling opportunities. We have a strong track record of effectively integrating records management businesses and the Board looks forward to the contribution to the Group that Magnum will make

Acquisition of Cannon Confidential

RNS


RNS Number : 7842H

Restore PLC

22 May 2014






22 May 2014

Restore plc

Acquisition of Cannon Confidential

Restore plc ("Restore" or "the Company") is pleased to announce that it has today exchanged contracts to acquire Cannon Confidential from OCS Group UK Limited. Completion is expected to take place on 16 June 2014, following staff consultation.

Cannon Confidential, founded in 1998, provides secure shredding and recycling services from four sites across the UK and serves customers in both the private and public sectors.

Cannon Confidential was purchased for a cash consideration of £933,000 on a cash-free, debt-free basis, funded from Restore's existing banking facilities. For the 12 months ending 31 March 2014 Cannon Confidential's turnover was £1.7 million, on which it recorded a small loss.

The acquisition of Cannon Confidential will add significant critical mass to Restore Shred, the Group's rapidly growing secure shredding and recycling business, and extend its geographic coverage, particularly in North West England and Scotland.

Charles Skinner, Chief Executive of Restore plc, said:

"We have been developing a strong and fast growing shredding business which fits neatly with our other operations and expands the range of services we offer to our customers. This acquisition greatly enhances our capability and gives us full coverage of mainland Britain."

AGM Statement

RNS


RNS Number : 7840H

Restore PLC

22 May 2014






22 May 2014



Restore plc



AGM Statement





At the Annual General Meeting of Restore plc ("Restore" or "the Group"), to be held today at 12 pm, the Chairman, Sir William Wells, will make the following statement:



"I am pleased to report that 2014 has started well and that Group trading in the first four months of the year has been encouraging and in line with management's expectations.



In our Document Management division, the core records management business continues to perform steadily. We are currently operating at just short of capacity but have acquired and developed additional space to accommodate our projected organic growth. Last year's acquisitions of File & Data and Atix are contributing as expected at the time of their acquisition.



As anticipated in our Full Year results announcement, Restore Scan has had a strong start to the year with profit sharply ahead year-on-year. Restore Shred has continued to grow rapidly with annualised growth in turnover currently running in excess of 50%.



Our Relocations division, which trades primarily as Harrow Green, has, as expected, benefited from improved market conditions and lower fixed costs. Activity in the London market is clearly strengthening and we have also secured several major projects outside of London, such that our regional network is now making a significant contribution to profit. Relocom, our IT relocation subsidiary, has traded in line with expectations, as has Restore IT Efficient. I am also proud to announce that Harrow Green was last week awarded the prestigious Commercial Mover of the Year award.



In the last two months, we have made several acquisitions:



- Records Management. In April, we acquired Magnum Secure, based in Goole, Yorkshire, and Spennymoor, County Durham and last week, we acquired Filebase in Washington, Tyne and Wear. These acquisitions continue our strategy of consolidating smaller records management businesses and will significantly strengthen our presence in the North East.

- Restore Shred. We have today announced that we have exchanged contracts to acquire Cannon Confidential, the UK shredding division of OCS. This adds significant critical mass to our fast-growing secure shredding and recycling operations, and increases our geographic coverage, particularly in North West England and Scotland.

- Relocom. In April, we acquired an additional 33% stake in Relocom, the UK IT relocation business, taking our overall stake to 83%, with an agreement to purchase the remaining shares, owned by the Managing Director of Relocom, in due course. This enables us to integrate Relocom fully into our operations, which will improve its profitability.



These acquisitions will increase our share of the UK market in the areas in which we operate and were funded from internal resources together with the new banking facility which we put in place in March. We expect them all to enhance earnings, particularly once they are fully integrated.



We look forward with confidence to making further strong progress this year."

N+1 Singer Buy 175.00 174.50 220.00 220.00 Reiterates

Completion of Acquisition

RNS


RNS Number : 7513J

Restore PLC

17 June 2014






17 June 2014

Restore plc

Completion of Acquisition



Restore plc is pleased to announce that, following the exchange of contracts on 22 May 2014, it completed the acquisition of Cannon Confidential from OCS Group UK Limited on 16 June 2014

Trading Update

RNS


RNS Number : 9055L

Restore PLC

10 July 2014






10 July 2014

Restore plc

Trading Update



Restore plc, the UK office services provider ("Restore" or "the Group"), today issues a trading update for the six months ended 30 June 2014.

Trading in the first six months of 2014 was in line with our expectations.

Our Document Management division continued to trade well, with the core records management business performing steadily and both scanning and shredding showing strong year-on-year improvement. As announced, we have completed the acquisitions of Magnum Secure, Filebase and Cannon Confidential and have now begun integrating them into their respective divisions. At the end of the period we acquired Papersafe UK Limited from SITA UK Limited for up to £200,000 and the process of integration is just starting.

Our Relocations division, which primarily comprises Harrow Green, the UK office relocations market leader, continued to benefit from improved market conditions and, as expected, will again show strong year-on-year improvement in its revenues and profitability. As previously announced, during the period we acquired an additional 33% stake in Relocom, taking our overall stake to 83% and enabling us to integrate Relocom fully into our operations.

The Group's Half Year results will be released on 10 September 2014.

Half Yearly Report

Summary:



· Adjusted PBT up 22% to £5.0m; adjusted EPS up 21% to 5.2p

· Document Management division continued to trade well

· Strong improvement in revenue and operating margin in Relocations

· Completion of three records management acquisitions

· Significant expansion of Restore Shred through Cannon Confidential acquisition

· Interim dividend increased by 33% to 0.8p per share



http://www.moneyam.com/action/news/showArticle?id=4882794

Acquisition
RNS
RNS Number : 4731T
Restore PLC
06 October 2014



6 October 2014

Restore plc

Acquisition of Cintas Document Management (UK) Limited and Placing of new Ordinary Shares to raise £14.9 million

Restore plc ("Restore" or "the Company"), the UK office services provider, today announces that it has entered into a sale and purchase agreement to acquire Cintas Document Management (UK) Limited ("CDMUK"), the UK records management and scanning division of Cintas Corporation of the US, for a total consideration payable by the Company of £23.5 million.

The Company also announces that it has entered into a firm placing with institutional investors to raise approximately £14.9 million before expenses ("Placing") through the issue of 7,090,049 new ordinary shares of 5p each ("New Ordinary Shares") at 210 pence each.

The Acquisition

CDMUK is one of the UK's 10 largest providers of records management services and currently operates from 12 sites across mainland Britain.

For the twelve months ended 31 May 2014, CDMUK recorded EBITA of £0.2 million, and an operating loss of £0.4 million after amortisation of goodwill of £0.6 million. Total revenues were £19.7 million, of which £12.9 million was attributable to records management, £6.4 million to scanning services and £0.4 million to non-transferring revenues. The net assets of CDMUK as at 31 May 2014 were £19.2 million.

The acquisition will be financed from funds raised by the Placing and a new debt facility of £15 million.

The acquisition of CDMUK:

· is consistent with Restore's strategy of consolidating the UK records management sector and provides significant synergistic opportunities to improve CDMUK's operational and financial performance.


· materially increases the scale of Restore, extending its position as the UK's second largest provider of records management services and expanding its customer base and operating capability in scanning services.


· is expected to be earnings enhancing in its first full year of ownership.

The Placing

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 7 October 2014.

Following Admission, the total number of voting rights of the Company's ordinary shares will be 82,090,540.

Charles Skinner, Chief Executive of Restore plc, said:

"This acquisition is a major milestone in Restore's development and represents the most significant consolidation within the UK records management sector since we embarked on our strategy of acquisitive growth four years ago. It provides an excellent opportunity for Restore to deploy its operational expertise and expand its presence in records management and scanning, and we are confident that the significant synergies between Restore and CDMUK will ensure an attractive return on invested capital for our shareholders. The Board looks forward to the contribution to the Group that CDMUK will make and to continued progress in the execution of our strategy."

For further information please contact:

Restore - N+1 Singer returns to 'buy' after Cintas purchase

By Giles Gwinnett

October 08 2014, 11:24am
Tetley said: 'The deal is expected to be earnings accretive in Restore’s first full year of ownership, with significant value created through cost synergies in the first instance and subsequently, we anticipate, through incremental organic growth.'
Tetley said: "The deal is expected to be earnings accretive in Restore’s first full year of ownership, with significant value created through cost synergies in the first instance and subsequently, we anticipate, through incremental organic growth."


Broker N+1 Singer has become a buyer again of office services firm Restore (LON:RST) having previously rated the stock a 'hold' after its acquisition of Cintas Document Management, which it says is its most significant deal to date.

It enhances the group's revenue by around £20mln and brings critical mass to the group's recently underperforming scanning operation, reckons James Tetley.

CDMUK is the UK division of US firm Cintas Corporation and is one of the UK's 10 largest providers of records management services and last year it recorded underlying earnings (EBITA) of £0.2mln and made an operating loss of £0.4mln after amortisation of goodwill of £0.6mln.

Restore is paying £23.5mln, financed via a placing and a debt facility.

Tetley said: "The deal is expected to be earnings accretive in Restore’s first full year of ownership, with significant value created through cost synergies in the first instance and subsequently, we anticipate, through incremental organic growth."

The impact of the acquisition means the broker lifts its full year 2015 revenue forecast for Restore by £20mln to £91.7mln, and the pre-tax profit forecast is lifted 25% to £16.7mln.

The target price moves upwards 14% to 275p, the broker said.

Another dividend payer that has performed well in recent times is Restore Plc (LON: RST). We have followed the stock for over a year from around £1.31 and recent interim results for the six months to 30 June continue to show strong momentum in the business. The group’s core business is document management with office relocations providing additional revenue. The strong first half performance saw 1st half revenues up 24% to £30.6m, adjusted EBITDA up 19% to £6.2m and a 33% increase in dividend to 0.8p.

Restore remains the UK’s no.1 office relocation business and no.2 in the UK for document management. The management have coupled organic growth with acquisition growth and forecasts from house broker Cenkos suggest that this strategy will continue to prove successful despite the market turmoil.

AIM is littered with early stage resource companies. Some of these have exciting and robust stories that offer appealing upside and potentially exciting news flow. They generally all carry a high degree of stock specific risk ahead of possible future production so it is refreshing to see an AIM resource company producing, generating cash and rewarding shareholders with dividends.



http://www.proactiveinvestors.co.uk/columns/shard-market-eye/17136/finsbury-food-restore-and-central-asia-minerals-on-shards-radar-17136.html