Belfast Telegraph

Group wins £17m university deals

By Margaret Canning

Resource Services Group has announced three contracts with three universities, with a potential worth of £17m.

The support services contractor, which employs around 6,000 people, won the deals with the London School of Economic and Political Science (LSE), Dublin City University and Queen's University, Belfast after a competitive tendering process.

All of the contracts are for three years with options to extend.

Resource chief executive Dave Seaton said: "Higher education is one of the specialist niche markets which our growth strategy has targeted. We've developed innovative services to recognise universities and colleges need healthy, high performance, secure and sustainable environments during both term-time and vacation."

The group's contract for Queen's covers 48 individual university sites.

Resource Services Group was the subject of a management buy-out in September last year.

The new owners held in-depth negotiations with their bankers, Irish Bank Resolution Corporation, to restructure the group's capital base. Following a loss of £40.4m in the year to March 2010, the company recently announced it was back to profit with pre-tax profits of nearly £15m.