Tenon FM, the subsidiary of Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, has confirmed it has won two contracts worth a combined total of £2.25m a year.
The two awards – Surrey & Sussex Police and BMW – come on the back of completing the £4.5m acquisition of Elite in April 2017. The focus since that deal has been on integrating it into the Tenon FM, broadening its cope in the UK FM market. These new contracts do exactly that.
Elite will provide cleaning and waste services for Surrey & Sussex Police having won a joint tender for both forces. The initial contract is for three years, with the potential to extend for a further two. It is Elite and Tenon FM’s first contract win in the police forces sector in the UK and the company is now working on several additional tenders within this sector.
Tenon FM, the subsidiary of Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, has announced the acquisition of Elite Cleaning & Environmental Services Ltd. as part of its plan to grow and develop a global integrated FM brand.
The deal, worth around £4.5M, comes a less than a month after Tenon FM rebranded from its previous name of O&G and eighteen months since the Mortice Group bought O&G in 2015. It confirms the stated aim of Tenon FM to grow organically and through acquisition to take the business forward.
Elite has a complementary mix of clients and services and is regarded as an excellent cultural and commercial fit for Tenon FM. The client portfolio includes ITV, BMW, European Development Bank, Dorset and Wilts Fire Services, as well as several schools, colleges and medical centres and surgeries. Its range of cleaning services, as well as additional facilities management services and support services reflect the strategic direction of Tenon FM.
Confirming its progress since becoming part of the Tenon Group of companies, from 3 April O&G is now trading as Tenon FM.
The name change, new brand and new web site reflects the success of the wider group that operates under the Mortice name (which is the holding company and is AIM listed as a security and FM company).
Tenon FM in the UK has revenues in excess of £42Mfollowing its acquisition in 2015 and has enjoyed continued success, particularly on the back of the £55M facilities services contract with University of Hertfordshire announced in last year, but also building on work secured in 2017. The plan now is to continue its growth, build on the momentum so far and work towards becoming a major integrated FM service provider over the next few years through organic growth and acquisitions.
Tenon FM has appointed John Ford as head of security as it pursues ambitions to develop its security offer as part of the company’s growth plans in 2017.
With 20-years’ experience in the security sector, John Ford joins Tenon FM from Ultimate Security Services where he had worked for over 10-years dealing with clients such as British Land, Land Securities and London Bridge Quarter. His remit is primarily to drive organic growth for the £39M turnover Tenon FM, whilst also developing propositions for the company’s existing clients.
Tenon FM has reported annualised turnover of around £39M (following the acquisition of what was O&G by the Tenon Group of companies in 2015) and continued growth on the back of the £55M facilities services contract with University of Hertfordshire announced in February.
The ten-year deal with University of Hertfordshire points towards more ambitions within the UK further education sector, confirmed in August when Tenon FM was the only contractor to be appointed to all three elements of the London Universities Purchasing Consortium (LUPC) framework for cleaning services.
Office & General (now re-branded as Tenon FM) has been confirmed as the new facilities services provider for University of Hertfordshire in a contract worth in excess of £55M.
Tenon FM, one of the UK’s fastest growing FM providers (part of the Tenon Group of companies), secured the deal to deliver a full facilities service following a seven-month Competitive Procurement process.
The University of Hertfordshire is located in Hatfield twenty minutes from central London and has two main campuses, College Lane and de Havilland, which are situated less than a kilometre apart and are home to approximately 25,000 students studying in ten schools.
Office & General (O&G) has revealed that it is now a part of the Tenon Group of companies, an Integrated Facilities Management Corporation based in India with more than 42,000 employees in operations across six countries in Asia and Europe.
Tim Hancock, chief executive of O&G since 2013, remains the leader of the business in the UK. Grae Scott and Jonathan Smith, the founders of the original business, sold their interests to Tenon and its holding company, the AIM listed Mortice plc, in an agreement reached during the summer of 2015.
Manjit Rajain, founder of Tenon in 1995 and the executive chairman of Mortice will be working closely with Tim Hancock as they seek to grow O&G’s facilities management operations – offering the complete range of hard and soft services including security, which has been at the heart of the success of Tenon.