GSH floats on Alternative Investment Market
Looking for benefits on the Alternative Investment Market — Colin Tennent, chief executive of GSH.
GSH, which provides a comprehensive range of bespoke facilities-management solutions, has floated on the Alternative Investment Market to support its continued growth strategy in the expanding outsourced FM market. It is believed that the enhanced commercial reputation and general market visibility that a listing brings will have a tangible commercial benefit for the group. Colin Tennent, chief executive of GSH, says, ‘This is an established and successful international business that is growing strongly. Our blue-chip client base, which includes companies such as T-Mobile, Hewlett Packard, HBOS and IKEA, is testimony to our provision of leading-edge bespoke FM solutions.’ Revenues have grown consistently during the last three financial years. Last year the group generated revenues of £101.8 million and profit before tax of £3.5 million. It is committed to increasing its share of the contracted-out FM market, which is estimated at over £59 billion in the UK and growing at 3% a year.