Siteserv plc the parent company of Deborah Services Limited, the UK based company (comprising of three divisions: Scaffolding, Industrial Services and Access Equipment Hire & Sales), has successfully restructured its debt profile.
As a result the DSL business is well placed financially to compete into the future. Siteserv has teamed up with a new investment partner (Telecoms owner Mr Denis O’Brien, chairman of Digicel Group). Siteserv has more than 2300 employees and sub-contractors within the UK and Ireland. The company holds a strong market position in all of its core sectors and has expanded through acquisition in its chosen market sectors.
Brian Harvey, Chief Executive, Siteserv stated, ‘‘we are delighted with the partnership we have built with our new partner and we believe that this will enable us to consolidate and strengthen the ambitions of Siteserv in the UK, Ireland and internationally, both through organic and acquisitions. In addition I believe teaming up with a new partner will provide security and strengthen our balance sheet and in turn provide a great opportunity to capture growth opportunities in the future’’. Steve Flounders, Managing Director, Deborah Services Limited (DSL), ‘‘I believe the announcement is extremely good news for DSL. As a result of the investment it will bring further stability and financial strength to the Group and will facilitate the on-going growth of the DSL business both in the UK and beyond’’.
About Deborah Services Limited
Deborah Services Limited has been established for over 40 years and currently operates from over 60 strategic locations throughout the UK and Ireland. Deborah Services Limited operates from three separate operating divisions: Industrial Services, Hire and Sales, and Contract Scaffolding.
Industrial Services Division is a leading provider of scaffolding and access solutions, insulation, asbestos removal, passive fire protection, and protective coatings to the petrochemical, power generation and pharmaceutical sectors.
The Hire and Sales Division of the company is a major supplier of temporary fencing, groundwork equipment, scaffolding, light access products, ladder plant and temporary roofing equipment, trading from 24 depots ensuring local coverage throughout the UK. Contract Scaffolding Division is recognised as a major supplier and has a wealth of experience across industrial, residential, restoration and civil engineering sectors.
For more information, please visit www.deborahservices.co.uk
