The award of new contracts has been consistently robust across the Group, with all divisions contributing to the significant growth in revenues.
This year REACT Group has consistently secured robust new contracts, driving significant growth across all divisions. Notable contracts include a three-year, £1.8 million deal for cleaning services in the West Midlands and a multi-year £800,000 agreement for cleaning across 350 UK locations for a high-street fast-food chain. A contract extension of £3.8 million was also secured for maintenance in the education sector.
Commenting on the contract win Shaun Doak, Chief Executive Officer of REACT, said: "We are delighted with the trading performance of the Group, achieving record revenue and profit growth in the year. The pipeline for the new year is healthy and we are seeing strong demand for all of our divisions. Our cross-selling ability throughout the business not only enhances our offering but also improves and increases our sales pipeline.".
Successful acquisitions have propelled divisional performance, with LaddersFree's inaugural year contributing substantially to profitability, Fidelis doubling its revenue since acquisition, and sustained demand for REACT's specialised services.
Effective cross-selling and upselling strategies continue to increase revenue, fostering organic growth. Key growth sectors include Facilities Management, Retail, Education, and Industrial. The Group's strategic positioning and resilience are evident in its diverse market successes.
Read the full RNS announcement here >
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REACT Group plc is the UK's leading specialist and contract cleaning business and operates with three divisions: LaddersFree, one of the largest commercial window cleaning companies in the UK; Fidelis Contract Services, a contract cleaning and facilities maintenance business; and REACT Specialist Cleaning, which primarily provides a solution to emergency and specialist cleaning situations, both through long-term framework agreements and on an ad-hoc basis.