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

Beneficiary of recurring revenue and loyal customer base. A good safe and steady stock.

moving up nice

Good move today aswell

Year End Trading Update
RNS
RNS Number : 9330V
Restore PLC
21 January 2013



21 January 2013





Restore plc

Year End Trading Update





Restore plc, the UK office services provider ("Restore" or "the Group"), is pleased to confirm that trading for the year ended 31 December 2012 was in line with our expectations.



Following the disposal in August 2012 of Peter Cox, our building repair business, the Group has two divisions: Document Management, whose main activities are records management, document scanning, and secure shredding and recycling, and Office Relocation, which includes Harrow Green, Sargents, Global Moving Solutions and a 50% stake in Relocom, the IT relocation specialist.



The Document Management division continued to perform strongly, driven by our records management activities. The integration of Harrow Green's records management activities was successfully completed, and we continued to achieve attractive operating margins. Our scanning and shredding operations benefited from being fully integrated within the division during the course of the second half.



The Office Relocation division, which primarily comprises the Harrow Green businesses acquired in March 2012, experienced stronger trading in the second half than the seasonally weaker first half, as anticipated at the time of our Half Year results in September. This outcome was achieved against the background of a programme of significant post-acquisition restructuring and cost reduction, together with disruption to some of the division's key trading months due to the Olympics.



The Group's Full Year results will be released on 20 March 2013.



Charles Skinner, Chief Executive of Restore, commented:



"In 2012, we continued to grow profits at the same time as securing market leadership in UK office relocations and rationalising our operational structure. Our markets, particularly records management, remained robust, and we continue to have an excellent platform for profitable growth

Interview with Charles Skinner, Chief Executive of Restore.

Click the link to listen;
http://www.brrmedia.co.uk/event/108106/charles-skinner-chief-executive

Restore snaps up records management firm
By Benjamin Chiou

Wed 20 Mar 2013



LONDON (SHARECAST) - AIM-listed support services firm Restore announced a placing to raise up to seven million pounds to fund the purchase of File & Data Storage, a records management services company in the UK.

The acquisition of File & Data is worth an initial consideration of £6.1m but includes a cash earn-out capped at £150,000 subject to the its financial performance.

"The acquisition of File & Data 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," Restore said in a statement.

It plans to place up to 6,558,559 new ordinary shares at 111p each, raising up to £7.0m after expenses.

"Restore has been active in consolidating the UK records management market since 2010 to become what we believe is now the second largest provider of records management services in the UK," said Chief Executive Charles Skinner.

"File & Data has a strong national presence and some excellent customer relationships and its acquisition will further enhance our platform for growth. The Board looks forward to the contribution to the Group that File & Data will make."

Shares were 5.63% higher at 122p by Wednesday afternoon.

Acquisition of Atix Limited

RNS


RNS Number : 8434C

Restore PLC

22 April 2013






22 April 2013



Restore plc

Acquisition of Atix Limited

Restore plc ("Restore" or "the Company") is pleased to announce the acquisition of Atix Limited ("Atix"), which was completed on 19 April 2013.

Founded in 1997 and based in Kent, Atix is a records management business with a broad range of customers, predominantly in London and the South East of England.

Atix was purchased for a cash consideration of £932,000, on a cash free debt free basis, funded from Restore's existing bank facilities. For the 12 months to 31 March 2013, Atix's turnover is expected to be in the region of £845,000, with EBITDA in the region of £232,000.

The acquisition of Atix 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.

Commenting on this acquisition, Charles Skinner, Chief Executive of Restore plc, said:

"Atix is a well-established provider of records management services in the South East and its acquisition will further broaden our customer base and provide the Group with additional cross-selling opportunities. Following on from our purchase of File & Data last month, this transaction demonstrates the continued progress of our acquisition-led growth strategy. The Board looks forward to the contribution to the Group that Atix will make".

A buy in this weeks SM - Arguably one of the least -known defensive stocks on the market. Restore is an ideal long term holding for any investor wanting exposure to a company with high levels of recurring revenue. Chief executive Charles Skinner says that if Restore did not win a single piece of new business hereupon, its document storage business would grow by 5% each year for the foreseeable future. This is existing customers giving Restore more boxes , rather than hiking storage rates.
As it stands today organic growth rates are exceeding expectations as insurers, lawyers and other paper hungry users are showing an insatiable appetite for keeping important documents in safe places. Once papers are put into storage, they can stay put for decades , providing long-lasting income for Restore. It charges a fee to look after these items and gets paid every time the documents need to be consulted (which is more often than you would expect)

A double page in this weeks Shares mag- A buy

This also looks like a very solid steady performer and one to be part of a balanced portfolio that will give stability.

Dreamcatcher, Would appreciate your comments over on the Coms BB where Doodlebug4 is a regular source of information.

Thanks

Pete

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