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

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

Acquisition of Reisswolf London

RNS


RNS Number : 7844U

Restore PLC

23 January 2017




23 January 2017





Restore PLC



Acquisition of Reisswolf London



Restore plc ("Restore") today announces the acquisition of ID Secured Limited, trading as Reisswolf London, the Bedfordshire-based secure shredding business of Parry & Evans Limited.



Reisswolf London was founded in 2002. For the 12 months ending 31 May 2016, it generated revenues of £1.3 million. The acquisition was funded from Restore's existing bank facilities.



Charles Skinner, Chief Executive of Restore, commented:



"The addition of Reisswolf London, following our recent acquisition of Reisswolf Wales, will expand our customer base in the South East region, produce further economies of scale, and strengthen our position as the second largest provider of secure shredding services in the UK".

Year End Trading Update

RNS


RNS Number : 8609U

Restore PLC

24 January 2017




24 January 2017





Restore plc



Year End Trading Update





Restore plc, the UK office services provider ("Restore" or "the Group"), confirms that trading for the year ended 31 December 2016 was in line with expectations.



Our Document Management division, whose core records management business accounts for the majority of Group profit, continued to perform steadily. Our principal focus during the year was the integration of Wincanton Records Management, acquired in December 2015, and PHS Data Solutions ("PHS DS"), acquired in August 2016. The integration of the records management operations of both businesses is largely complete, with synergies in line with those anticipated on acquisition. Our shredding activities have been transformed by the acquisition of the much larger PHS Datashred business, with the integration now complete and Restore Shred rebranded as Restore Datashred. Restore Scan made good progress during the year following a change of operational management and has been significantly enlarged by the addition of the scanning division of PHS DS.



Our Relocation division, which primarily comprises the Harrow Green business, achieved steady year-on-year growth. Trading during the final quarter was strong, with good levels of activity at Harrow Green. Relocom, our technology relocation business, traded satisfactorily. IT Efficient, the Group's IT asset disposal business, performed strongly and benefited from improved operational practices. The performance of ITP, our toner cartridge recycling business, continued to be impacted by a weak global market for reselling empty cartridges.



The Group's Full Year results will be released on 9 March 2017.



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. Following a two-year period in which we have made three major earnings-enhancing acquisitions, Restore is now established as one of the two market leaders in each of our main activities. The Group is a key supplier of services to UK offices and workplaces and has an excellent platform for further profitable growth with strong visibility of earnings."

9 Mar
N+1 Singer
420.00
Buy
9 Mar
Peel Hunt
398.00
Buy

13:10 06/04/2017
Broker Forecast - Berenberg issues a broker note on Restore PLC
Berenberg today initiates coverage of Restore PLC (LON:RST) with a buy investment rating and price target of 435p. Story provided by StockMarketWire.com

AGM Statement
RNS
RNS Number : 7263F
Restore PLC
22 May 2017
 
22 May 2017
 
Restore plc
 
AGM Statement
 
 
At the Annual General Meeting of Restore plc ("Restore" or "the Group"), to be held later today at Cenkos, 6-8 Tokenhouse Yard, London EC2R 7AS, the Chairman, Sir William Wells, will make the following statement:
 
"I am pleased to report that 2017 trading has started well across the Group, with the benefits of the acquisition of PHS Data Solutions in August 2016 being delivered in line with expectations.
 
Our Document Management division, including our core records management business, is trading well, with Restore Datashred and Restore Scan benefiting from their greater scale following the successful integration of the PHS scanning and shredding activities.
 
The performance of Harrow Green, the core business within our Relocation division, is in line with expectations. IT Efficient, our IT recycling business, is steadily integrating ITAD Works acquired in February 2017, while ITP, our toner cartridge recycling business, is showing improvement following its poor performance in 2016.
 
The year has started well and we look forward to delivering another year of strong progress in 2017."
 

Half Year Trading Update
RNS
RNS Number : 9462L
Restore PLC
25 July 2017
 
 
25 July 2017
Restore plc
 
Half Year Trading Update
 
Restore plc ("Restore" or "the Group"), the UK office services provider, today issues a trading update for the six months ended 30 June 2017.
 
Trading in the first six months of 2017 was in line with expectations, with the Group continuing to benefit from last year's acquisition of PHS Data Solutions ("PHS DS").
 
Within the Document Management division, Restore's core records management business traded robustly. As expected, net box growth during the period was below our usual rate of increase, reflecting major customer exits from previously-acquired businesses that were anticipated at the time of acquisition. However, cost savings, including those from the records management operation of PHS DS, exceeded expectations. Restore Datashred traded strongly and benefited from improved demand for recycled paper. Restore Scan also traded well, and its major seasonal contract was executed successfully.
 
Within the Relocation division, Harrow Green performed well, with good year-on-year growth.  Relocom traded satisfactorily. Our IT recycling activities, which comprise IT Efficient and The ITAD Works, acquired in February 2017, traded particularly strongly. ITP Group, our toner cartridge recycling business, showed improvement and traded profitably during the period.
 
The Group's Half Year results will be released on 11 September 2017.

Interims Mon 11 Sept

Summary:

· Group revenue up 57% to £86.9m
· Document Management revenue up 74%; operating profit up 63%
· Relocations revenue up 21%; operating profit up 18%
· Group adjusted profit before tax up 59% to £15.3m
· Adjusted earnings per share up 38% to 10.9p
· Good organic growth across both divisions
· PHS Data Solutions successfully integrated
· Restore Datashred performance ahead of expectations
· 7 acquisitions completed since the start of the year
· Interim dividend per share up 26% to 1.67p
· Banking facilities increased and extended


Commenting on the results Charles Skinner, Chief Executive, said:

"We continued to make good operational and financial progress in the first half. In particular we delivered strong organic growth across the Group and our shredding business, which was significantly enlarged by the major acquisition in 2016, performed better than expected.

We will continue to pursue our strategy of organic and acquisitive growth and we are well positioned to gain further market share across all of our businesses.

The second half has started well and the Board expects to deliver a full year performance slightly ahead of its previous expectations."

Cheers juzzle. :-))

11 Sep
N+1 Singer
600.00
Buy

11 Sep
Peel Hunt
528.00
Buy

12 Sep
Berenberg
585.00
Buy

Financial Calendar
Trading Update
30 January 2018

10:10 23/01/2018
Broker Forecast - Peel Hunt issues a broker note on Restore PLC
Peel Hunt today downgrades its investment rating on Restore PLC (LON:RST) to add (from buy) and raised its price target to 608p (from 528p). Story provided by StockMarketWire.com

Year End Trading Update
RNS
RNS Number : 2579D
Restore PLC
30 January 2018

30 January 2018


Restore plc

Year End Trading Update


Restore plc, the UK office services provider ("Restore" or "the Group"), confirms that trading for the year ended 31 December 2017 was in line with expectations.

Our Document Management division, whose core records management business accounts for the majority of Group profit, continued to perform well. Our Records Management business continued to trade strongly. Restore Datashred performed satisfactorily and completed five small shredding acquisitions during the year, all of which have now been fully integrated. Restore Scan continued to increase revenues and operating margins.

Our Relocation division, which primarily comprises the Harrow Green business, continued to achieve good year-on-year growth. Trading activity at Harrow Green was strong. IT Efficient, the Group's IT asset disposal business, was significantly expanded by the acquisition of The ITAD Works in February 2017, and the combined business traded ahead of expectations. ITP, our toner cartridge recycling business, showed some signs of improvement but its market remains difficult.

The Group's Full Year results will be released on 13 March 2018.

Charles Skinner, Chief Executive of Restore, commented:

"Our full year results will show further significant year-on-year growth in revenue, profits and earnings per share. This reflects the successful integration of PHS Data Solutions, acquired in August 2016, and a strong underlying performance by our businesses. We continue to have an excellent platform for further profitable growth with strong visibility of earnings."

30 Jan
Peel Hunt
608.00
Add

Final results

Summary:

· Group revenue up 36% to £176.2m
· Group adjusted profit before tax up 36% to £31.2m
· Adjusted basic earnings per share up 25% to 22.4p
· Document Management revenue up 41%; adjusted operating profit up 41%
o GDPR expected to drive major projects for Document Management Division
· Relocation revenue up 25%; adjusted operating profit up 16%
o Significant office moves for Bloomberg and Facebook
· First full year of PHS Data Solutions; shredding business transformed
· Total dividend up 25% to 5.0p per share

Acquisition

08:10 27/04/2018
Broker Forecast - Liberum Capital issues a broker note on Restore PLC
Liberum Capital today initiates coverage of Restore PLC (LON:RST) with a buy investment rating and price target of 660p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

AGM Statement
RNS
RNS Number : 6335O
Restore PLC
21 May 2018

21 May 2018

Restore plc

AGM Statement


At the Annual General Meeting of Restore plc ("Restore" or "the Group"), to be held later today at Cenkos, 6-8 Tokenhouse Yard, London, EC2R 7AS, the Chairman, Martin Towers, will make the following statement:

"2018 trading has started satisfactorily across the Group and our expectations for the full year remain unchanged.

In our Document Management division, our core records management business continues to trade well. As previously announced, we completed the acquisition of TNT Business Solutions on 30 April. Restore Datashred, our shredding business, delivered lower operating margins than budgeted in the first quarter and steps have been taken to improve margins in the second quarter. Restore Digital, our scanning business, continues to trade satisfactorily.

Restore Harrow Green, our office relocations business, which comprises the largest part of our Relocation division, continues to trade well. Restore Technology, our IT lifecycle services business, continues to build on last year's successful acquisition of The ITAD Works.

We look forward to delivering another year of progress in 2018."

Half Year Trading Update
RNS
RNS Number : 3691V
Restore PLC
23 July 2018


23 July 2018
Restore plc

Half Year Trading Update

Restore plc ("Restore" or "the Group"), the UK office services provider, today issues a trading update for the six months ended 30 June 2018.

Trading for the first half of 2018 was in line with management expectations.

In our Document Management division, Restore Records Management traded steadily. As expected, we witnessed higher destruction and removal rates in the period as customers reviewed their GDPR obligations. After a slow start to the year, Restore Datashred's performance improved strongly towards the end of the period, partly due to increased GDPR-related activity. Restore Digital traded well particularly at the end of the period when its major seasonal scanning contract was executed successfully. Our Relocation division traded satisfactorily led by a solid performance from Restore Harrow Green and our IT recycling business continuing to perform well.

The business and assets of TNT Business Solutions, which were acquired on 30 April 2018, performed in line with management expectations. Following completion of the acquisition, an initial enforcement order was issued by the Competition and Markets Authority which prevented the integration of the business. This order has now been lifted and the integration will proceed in the second part of the year.

The Group's Half Year results will be released on 17 September 2018.