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Premier Technical Services Group (PTSG)

Business description

Premier Technical Services Group is an independent provider of regulated and safety related specialist building services in four divisions across the UK. It listed on AIM in February 2015 at 52p.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 39.2 9.0 7.5 7.63 17.9 200.4
2017A 52.9 12.3 10.2 9.73 14.0 N/A
2018E 69.9 17.3 14.4 11.81 11.6 16.2
2019E 87.8 21.3 18.1 12.46 11.0 15.2

Last updated on 27/11/2018

Investment summary

H118 saw another period of significant group progress for PTSG to record levels of revenue and profit including good organic growth and contributions from three FY17 acquisitions that are now fully integrated into the group. It also demonstrated the benefit of diversity, overcoming short-term variations in individual sub-sector activity levels. A good underlying cash flow performance and a 13% increase in the interim dividend completed the H1 trading picture. PTSG expanded its Electrical Services division in October via the acquisition of Guardian Electrical Compliance, a complementary national testing and compliance company. A £20m placing funded this £12m deal and provides finance for additional ones that appear to be well advanced.

Last updated on 29/11/2018

Industry outlook

Core markets are the provision of specialist services in the UK and demand is substantially underpinned by regulatory compliance in the construction and ongoing usage of buildings and structures and the safety of people in those environments. General and specific requirements are contained in wide-ranging legislation, regulation and guidelines.

Last updated on 29/11/2018

Key management

John Foley, Chairman
Paul Teasdale, CEO
Mark Watford, CFO

Company address

11–14 Flemming Court
Whistler Drive
WF10 5HW
United Kingdom
+44 (0)1977 668771
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