Mortice wins long-term contracts via new acquisition

Security and facilities management provider Mortice has won a pair of new long-term cleaning and waste contracts in new sectors.

Following its £4.5m acquisition of Manchester-based Elite Cleaning & Environmental Services last month, AIM-listed Mortice has since won contracts worth a combined total of £2.25m a year.

Elite, which is being integrated into the group's Tenon UK facility management arm, won a three-year contract with the option of a further two years to provide cleaning and waste services for the Surrey and Sussex police forces.

This is Mortice's first UK contract win in the police sector and adds hope to the number of other tenders both Elite and Tenon are working on in the sector.

Then, after securing a place on the BMW approved supplier list after some ad hoc jobs, Elite has won its first long term agreement in the shape of new two-year contract.

Having been named an approved supplier on BMW's global framework, Elite is now tendering for a number of opportunities with other BMW group companies.

"We are delighted with Elite's performance to date," said executive chairman Manjit Rajain. "When we acquired the business in April we identified a number of significant growth opportunities and believe these contract wins highlight the potential for the company to further strengthen its growing presence in the UK.

"These contract wins are further evidence of our ability to make judicious acquisitions and to use the company's infrastructure and finances to accelerate the growth of acquired businesses."

Elite, which generated adjusted operating profits of £1.0m in calendar 2016, focuses on office, industrial, school and healthcare cleaning, with a client base that includes ITV, European Development Bank, Dorset and Wilts Fire Services, as well as a number of schools, colleges and medical centres and surgeries.