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Management Resource Solutions trading well post-acquisition

The company says it is trading ahead of expectations following in the period following its recent acquisition
several tractors in a row
MRS's plant hire division leases out the latest machinery, including bulldozers and scrapers,

Management Resource Solutions PLC (LON:MRS) has told investors that it is trading ahead of expectations following its acquisition of Bauchmann Plant Hire Pty Ltd (BPH) in February.

The management services provider added that net margins have remained strong in the five months since it acquired BPH.

“We have begun to see the beneficial impact of the synergies as we integrate BPH into the MRS group, driving efficiency and utilisation of the expanded workforce and equipment,” said chief executive Paul Morffew.

“I am confident as we move into the new financial year that these will continue to improve our overall performance as a growing and integrated business.”

As part of the integration of BPH in to the group, MRS has also implemented a new phone app-based system that allows employers to manage workers’ schedules and track the hours worked.

The group added that A$6mln Lyondell Poly Plant Refinery contract it won recently is continuing as planned, although MRS is having to wait for “necessary construction certificates” from the local council.

Shares were up 0.4p, or 4%, to 10.15p.

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