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

3 Jul N+1 Singer 330.00 Buy

Restore has made the somewhat unusual acquisition of one of the UK’s leading collector of empty printing cartridges, ITP Group Holdings Limited. It’s certainly a departure from their previous expansion in the document management sector.

It looks an interesting deal!

New research note at http://www.investorschampion.com/blog/

Acquisition of ITP Group Holdings Limited
RNS
RNS Number : 2000S
Restore PLC
06 July 2015

6 July 2015

Restore plc



Acquisition of ITP Group Holdings Limited



Restore plc ("Restore" or "the Group") is pleased to announce the acquisition of ITP Group Holdings Limited ("ITP"), the UK's leading collector of empty printing cartridges.



Founded in 1992, ITP collects empty printer cartridges and sells them on to cartridge remanufacturers and original equipment manufacturers. Based in Reading, it also has facilities in Thetford, Norfolk and Frankfurt in Germany.



ITP trades under the names ITP, Takeback and Office Green. It collects cartridges from thousands of premises across the UK in all business sectors, including large corporates, SMEs, NHS Trusts and schools. It also makes bulk purchases of cartridges from waste operators and other recycling businesses. ITP handles several million items a year.



The acquisition of ITP will broaden the capabilities of the Group to offer additional office services alongside its existing IT recycling, document management and office relocation activities. It enhances the Group's recycling capabilities where the Group already has a significant presence in paper, furniture and IT. ITP has a complementary customer base to Restore and its volumes can be expected to increase as ITP's services are offered to Restore's customers.



The total consideration for ITP is up to £4 million on a cash-free debt-free basis. The initial consideration is £3.2 million, funded from Restore's existing bank facilities, with a further £0.4 million payable after a six month handover period and an additional payment of up to £0.4 million based on performance during that period.



For the 12 months to 31 May 2015, ITP's management accounts recorded an operating profit of £1.1 million on a turnover of £4.5 million. Net assets per the management accounts are £4.9 million including £3.7m of surplus cash which has been paid by Restore as additional consideration.



Charles Skinner, Chief Executive of Restore plc, said:



"The acquisition of ITP further broadens the scope of services we offer our customers and enhances our presence in the recycling of office products. We believe this transaction provides us with another excellent platform for growth and the Board looks forward to the contribution to the Group that ITP will make."

6 Jul N+1 Singer 330.00 Buy

Trading Update
RNS
RNS Number : 7005T
Restore PLC
22 July 2015



22 July 2015



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 2015.



Trading in the first six months of 2015 was broadly in line with our expectations.



Our core records management business continued to perform steadily, with the integration of the Cintas activities acquired in October 2014 being the main focus during the period. Excluding Cintas, in the first six months annualised box growth exceeded expectations at 8%, with organic growth remaining strong. Following some rationalisation of smaller sites, capacity utilisation levels including Cintas are now moving above 90%. Volumes in Restore Scan, which primarily comprises the former Cintas scanning business and now represents around 10 per cent of Group turnover, were in line with expectations but significant technical problems on its major seasonal contract resulted in cost over-runs. Restore Shred traded satisfactorily.



Harrow Green, the UK office relocations market leader, performed in line with expectations and ended the first half strongly. The other parts of the Relocations division, Relocom and Restore IT Efficient, also performed satisfactorily. As previously announced, ITP Group, the UK's leading toner cartridge recycler, was acquired earlier this month and now forms part of this division, where it will work particularly closely with Restore IT Efficient, our IT recycling business.



The Group's Half Year results will be released on 15 September 2015.

22 Jul N+1 Singer 330.00 Buy

Restore announced the acquisition of Imaging and Archiving.

It’s only a small business which, for the 12 months ending 31 December 2014, generated turnover of £1.3m, on which it recorded a small profit. The purchase consideration of £1.45m on a cash-free basis therefore looks quite high. There must be some hidden value not apparent in the numbers!

See more at: http://www.investorschampion.com/blog/

Acquisition of Imaging and Archiving
RNS
RNS Number : 1061V
Restore PLC
05 August 2015

5 August 2015

Restore plc

Acquisition of The Data Imaging and Archiving Company

Restore plc ("Restore" or "the Company") today announces that it has exchanged contracts to acquire the business and assets of The Data Imaging and Archiving Company ("Imaging and Archiving"). Completion is expected to take place on 18 August 2015, following staff consultation.

Imaging and Archiving, founded in 1995, provides document management services from its base in South London and serves customers in both the private and public sectors.

Imaging and Archiving is being purchased for a cash consideration of £1.45 million on a cash-free, debt-free basis, funded from Restore's existing banking facilities. For the 12 months ending 31 December 2014, Imaging and Archiving's turnover was £1.3 million, on which it recorded a small profit.

5 Aug N+1 Singer 330.00 Buy

Jim Slater -
Restore


Restore, a document storage, shredding and relocation services firm, made a £23m acquisition of Cintas in October. The purchase is expected to enhance earnings.

The half-year update on July 22 was positive but there was a problem with a cost overrun on a major Cintas shredding contract. Remedial action has been taken and Cenkos, the company’s stockbroker, estimates that earnings per share for 2015 will still be up by 29pc. At the present price of 238p the prospective price to earnings (p/e ratio) for the next 12 months is about 14.

I agree with Cenkos that at this level the shares are a buy.

Half yearly report

15 Sep Panmure Gordon 320.00 Buy

"significant increases in revenue, profits and earnings per share."

"in line with expectations"


The Group's Full Year results will be released on 10 March 2016.

Charles Skinner, Chief Executive of Restore, commented:

"We are pleased by another year of good performance by the Group, with significant increases in revenue, profits and earnings per share. As expected at the time of acquisition, several acquired businesses have required substantial restructuring and these are now showing a marked improvement in profitability under our ownership. We continue to strengthen our position as a key supplier of services to UK offices and we have an excellent platform for further profitable growth with strong visibility of earnings."

Half Year Trading Update

RNS


RNS Number : 6654E

Restore PLC

20 July 2016




20 July 2016

Restore plc



Half Year Trading Update



Restore plc ("Restore", the "Company" or "the Group"), the UK office services provider, today issues a trading update for the six months ended 30 June 2016.



Trading in the first six months of 2016 was encouraging and in line with expectations.



Restore's records management business traded well and the integration of Wincanton Records Management ("WRM") continues to proceed to plan. Net box growth was, as expected, below our usual rate of increase, reflecting an anticipated major customer exit from WRM. Margins within the records management business increased during the period in line with our expectations. Restore Scan traded well and its major seasonal contract was executed successfully. Restore Shred traded broadly in line with expectations but continued to lack sufficient scale to make an appropriate contribution to the Group. However, our position in this market segment will be transformed following on from the acquisition also announced today.



Within the Relocation division, Harrow Green performed in line with expectations and enters the second half of the year with a strong order book. Relocom and IT Efficient also performed satisfactorily. ITP Group, our printer cartridge recycling business, experienced weaker trading conditions during the period, reflecting a recent softening in global demand for its product.



The Group's Half Year results will be released on 12 September 2016.



The Board is pleased to announce today that we have agreed to acquire PHS Data Solutions from Personnel Hygiene Services Limited for approximately £83.1 million, financed from funds raised by a placing with certain institutional investors and from existing debt facilities. PHS Data Solutions is the second largest provider of document shredding services in the UK as well as having a significant records management business and a presence in document scanning. Further information on the acquisition and placing are provided in a separate announcement today.

Replacement, proposed acquisition and placing

Half year report

Summary



· Group revenue up 26% to £55.4m

· Document Management revenue up 34%; adjusted operating profit up 31%

· Relocation revenue up 12%; adjusted operating profit up 42%

· Group adjusted profit before tax up 35% to £9.6m

· Adjusted earnings per share up 16% to 7.9p

· Interim dividend per share up 33% to 1.33p

· Wincanton Records Management integration proceeding to plan

· Acquisition of PHS Data Solutions post period-end which:

o significantly expands document shredding business to become second largest provider in the UK

o further extends the Group's position in records management

12 Sep N+1 Singer 360.00 Buy
12 Sep Peel Hunt 359.00 Buy

Broker Forecast - Peel Hunt issues a broker note on Restore PLC
BFN
Peel Hunt today reaffirms its buy investment rating on Restore PLC (LON:RST) and raised its price target to 390p (from 359p).

Story provided by StockMarketWire.com

Acquisition of Reisswolf Wales
RNS
RNS Number : 5994T
Restore PLC
09 January 2017
 
9 January 2017
 
 
Restore PLC
 
Acquisition of Reisswolf Wales
 
Restore plc ("Restore") today announces the acquisition of the business and certain assets of Reisswolf Wales, Border Counties & Merseyside ("Reisswolf Wales"), the secure shredding division of Parry & Evans Limited, a fibre-based waste recycling business based in Welshpool, Wales.
 
Reisswolf Wales was founded in 2002.  For the 12 months ending 31 May 2016, it generated revenues of £0.5 million.  The acquisition was funded from Restore's existing bank facilities.
 
Charles Skinner, Chief Executive of Restore, commented:
 
"Following the acquisition of PHS Data Solutions in August, the addition of Reisswolf Wales brings to Restore a new customer base in the Welsh region, further economies of scale, and strengthens our position as the UK's second largest provider of secure shredding services".

9 Jan
Peel Hunt
390.00
Buy
9 Jan
N+1 Singer
420.00
Buy