 | |
| Company type | Limited company |
|---|---|
| Industry | Support services |
| Founded | 1996 |
| Headquarters | Macclesfield,Cheshire,United Kingdom |
Key people | Mark Perkins 2015 to exit (CEO) |
| Revenue | £312.2 million (2008) |
| £24.6 million (2008) | |
| £13.7 million (2008) | |
| Parent | Rubicon |
| Subsidiaries | Subsidiaries |
| Website | www |
EnServe Group Limited (formerlySpice Limited) is a support services company headquartered inMacclesfield,United Kingdom which providesinfrastructure services to theutility sector. Formerly listed on theLondon Stock Exchange and a constituent of theFTSE 250 Index, it was wholly owned by the private equity companyCinven between 2010 and 2016, when it was bought by Rubicon.
The Company was founded bySimon Rigby in 1996 as amanagement buy out fromYorkshire Electricity initially trading asFreedom Maintenance.[1] It was first listed on theAlternative Investment Market in 2004.[1] In 2006 it boughtInenco[2] andParGas[3] andApollo Heating,[4] in 2007 it purchasedGas Heating UK[5] and in 2008 it acquiredSaturn Energy,[2]Energy 2000,[2]British Power International[6] and theNational Industrial Fuel Efficiency Service.[7] The Company transferred to the main list of theLondon Stock Exchange in 2008.[1] Spice plc was unlisted in December 2010 after a buyout by European investment group Cinven and renamed as Spice ltd. In September 2011 Spice Limited was renamed EnServe Group Limited.[8]Rubicon purchased Enserve Group from Cinven in December 2015 installing a new management team under Mark Perkins (exShepherd Group) who very quickly carried out a full Group restructure, establishing each business on a viable standalone basis, and creating development strategies for each. The successful divestment then began with Metro Rod to Franchise Brands PLC in a reverse takeover of the AIM listed business run by Stephen Helmsley in March 2017, followed by Meter-U to M Group Services, run by Jim Arnold in June 2017 and finally Freedom Group itself in April 2018 following a year of profitable growth and development, to NG Bailey Group run by David Hurcomb. This marked the end of PE ownership for each of the businesses and the successful execution of the Rubicon strategy to re-home each business with long term strategic owners. The Analytics business Evolve was retained by Rubicon partners until it was acquired by Gentrack as part of their growth strategy.
The Company has the following divisions:
