WELCOME TO MAVINWOOD

Mavinwood is an AIM quoted company that is pursuing a Buy & Build strategy in Support Services. The two areas that Mavinwood is specifically focussed on are:
1) Document Handling and 2) Emergency Repair.
The public history of the company commenced when it was launched on AIM in November 2004, with a market capitalisation of £2.4 million. The company has since made seven acquisitions in its two business segments which are listed below:

1 DOCUMENT HANDLING

• ReStore
  (a document storage business), acquired on 10th May 2005, with customers focussed in London and the surrounding area
• Wansdyke
  (a document storage business), acquired on 10th February 2006, with customers mainly in the Wales / South / South West & South East of England
• Document Control Services
  (a value added scanning business), acquired on 26th March 2007, with customers across the UK

2 EMERGENCY SERVICES & INSURED REPAIR

• ANSA
  (a national drains insurance claims management and fulfilment business), acquired on 30th June 2005
• Independent Inspections
  (a national flooring specialist that manages the repair or replacement of valid insurance claims), acquired on 18th July 2006
• Mono Services
  (a regional building maintenance and insured repair business), acquired on 7th September 2006, with customers mainly in the North West of England
• Peter Cox
  (a national business specialising in damp proofing, timber treatments/repair and wall stabilisation), acquired on 28th September 2007

With regard to the acquisitions of ReStore, ANSA, Independent Inspections, Mono Services and Document Control Services, the management are staying and have taken an element of their consideration in Mavinwood shares. The exceptions are either the result of retirement: one of the ReStore principals retired subsequent to the earn-out, or the result of a disposal by a large "blue Chip" organisation as with the acquisition of Peter Cox. With Mono Services, of the original five shareholders, two retired and three directors stayed on and took Mavinwood shares. The Wansdyke transaction was largely a retirement sale.
From the current portfolio, the Directors feel that the company has a good platform for both organic and acquisitive growth.
As for future acquisitions, the types of businesses (within the two designated areas), which the management view would form a good fit will probably match one of the four following types of business:

1. Privately and/or family held businesses, where the owners are seeking to realise part, or all, of their investment.
2. Privately held businesses that would like to be quoted.
3. Businesses owned by the Private Equity community, where the owners are looking for an exit, but management would be keen to stay on in order to deliver the next phase of value creation.
4. Subsidiaries of larger quoted companies that no longer fit with the core strategy of their owners.

The stated intention of Mavinwood is to support the operational management and staff of its various businesses by providing them with the toolkit necessary for them to ensure that those businesses become the benchmark provider of services in whichever category they operate. (Some success has been achieved in this goal, as ANSA was voted Insurance Times Service Provider of the Year 2005).

Mavinwood is a UK registered business operating solely in the UK

The information on this website is being disclosed in accordance with Rule 26
This website was last updated on 31st July 2008.