RTC Group PLC Network Rail award for Contingent Labour Services (7804F)
February 25 2015 - 2:02AM
UK Regulatory
TIDMRTC
RNS Number : 7804F
RTC Group PLC
25 February 2015
25 February 2015
RTC Group plc
("RTC" or the "Group")
Network Rail award for Contingent Labour Services
RTC is delighted to announce that Ganymede Solutions Limited
("Ganymede"), its wholly owned subsidiary business providing blue
collar staff to safety critical sectors, has been chosen by Network
Rail Infrastructure Limited ("Network Rail") to be a key strategic
partner for Network Rail's CP5 (control period five) programme of
work. CP5 is a five year GBP38bn spending and investment programme
into the UK's railway network announced by government in March
2014.
Ganymede will enter into a contract (the "Contract") with
Network Rail to provide contingent labour services including the
supply of safety critical, track and E&P (electrification and
plant) resources in the West, South West and North East England,
the Midlands and Wales. The Contract will run for a period of five
years from April 2015 and has an estimated order book value of
between GBP80m to GBP100m, confirming Ganymede's position as one of
the UK's leading suppliers of contingent labour to the rail
industry. The Contract represents the maximum value of order book
spend on core contingent labour that can be permissibly awarded to
a single labour provider.
Commenting on the award, RTC Chief Executive Andy Pendlebury
said:
'This is a significant achievement for Ganymede and the Group as
a whole. Ganymede has steadily established itself as one of the
UK's most respected contingent labour suppliers and our long term
partnership with Network Rail both underpins this and provides a
fundamental pillar for the strategic growth plans of RTC's
business. The Board believes that the award of this Contract,
coupled with the impressive organic growth with other prime
suppliers in the rail sector and the diversification opportunity
created through the acquisition of RIG Energy at the end of 2014,
places Ganymede in an enviable position relative to its peers. The
Board is extremely proud of the Ganymede team.'
Enquiries:
RTC Group plc
Bill Douie, Executive Chairman
Andy Pendlebury, CEO Tel: 01332 861
Sarah Dye, Group Finance Director 844
Tel: 07766 505
402
Allenby Capital Limited (Nominated Adviser and Tel 020 3328
Broker) 5656
Jeremy Porter / Alex Brearley
About RTC
RTC has three principal trading subsidiaries engaged in the
recruitment of human capital resources and the provision of managed
services.
ATA Recruitment is one of the UK's leading engineering and
technical recruitment consultancies. Supplying white and blue
collar engineering and technical staff to a broad range of SME
clients and vertical markets.
Ganymede Solutions is focussed on the supply and operation of
blue collar contingent labour into safety critical markets.
Global Staffing Solutions predominantly provides managed service
solutions for international clients.
www.rtcgroupplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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