FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
Almost 2,000 jobs have been saved following the sale out of administration of facilities management businesses, Ecoserv Group Limited, Ecoserv Cleaning Limited and Ecoserv Technical Services Limited.
Ian Corfield and Simon Stibbons, partners at specialist business advisory firm FRP, were appointed as Joint Administrators over the Companies on 9 February 2023. On appointment, the Joint Administrators immediately secured a pre-pack sale of the Companies’ business and assets, as well as a sale of the shares in Ecoserv South AFRICA (PTY) LTD, to a vehicle owned by the former shareholders and directors, named Ecoserv FM Group Limited.
For over 25 years the Group, based out of Oxfordshire’s Howbery Business Park, has provided cleaning services to private and public sector customers of all sizes across sectors including education, medical & healthcare, offices & commercial buildings, car dealerships, fitness & leisure, industrial, retail, and film & tv production.
Corfield said: “Having grown successfully for many years, the group has faced a heady combination of challenging trading conditions related to and since the pandemic, which was exacerbated by financial obligations arising from a franchisee in-housing strategy. That said, we’re delighted that this transaction has secured a fresh start for the business and its near 2,000 employees whom we wish the very best of luck for the future.”
The Joint Administrators were advised and supported by Osborne Clarke LLP and Ecoserv FM Group Limited was advised and supported by Stephenson Harwood LLP.
FMJ in conjunction with Grundon Waste Management is pleased to launch the 2023 waste management and recycling survey which examines the ways in which FMs approach their waste management responsibilities.
In this, the sixth year for the annual appraisal, we know there is a greater opportunity than ever for FMs to reappraise their waste and recycling operations and help their organisations meet the growing pressure to achieve ESG goals.
We want to learn how FMs have adapted to the legislative, economic and societal changes of the past year and how they plan to meet the latest waste and recycling targets.
In this survey we’ve posed a series of questions which include insights into FMs’ waste management strategy and targets, how they’re moving towards zero waste targets, and the importance of not just meeting compliance targets but also ESG goals.
The results of the 2023 survey will be published in FMJ magazine and form the basis of a white paper co-written by FMJ and the experts at Grundon on how to approach waste and recycling strategies.
To take part click here.
