16 Feb 2012 07:00
16 February 2012
Styles & Wood Group plc
("Styles & Wood" or the "Group")
Styles & Wood secure position on 2 year framework agreement with
Lloyds Banking Group plc
Styles & Wood, a leading UK provider of property support services to major retailers, banks and commercial organisations, is pleased to announce the signing of a 2 year framework with Lloyds Banking Group ("LBG").
The framework agreement, which is expected to be worth in excess of £40 million in revenue over a two year period, will involve the delivery of retail and office property services to LBG on a national basis.
Commenting on the agreement, Tony Lenehan, CEO said:
"We are pleased to have been appointed onto the Lloyds framework, which reflects the strength of our relationship with existing customers and provides further resilience to our business model.
"Lloyds are at the forefront of the industry in flawless programme delivery and we are delighted to have been a leading performer for them in this respect during 2011.
"Retail banking remains a core sector for the Group and we continue to benefit from continued investment by the high street banks in their branch network."
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ENQUIRIES:
Styles & Wood Group plc Tony Lenehan, Chief Executive Officer Philip Lanigan, Group Finance Director
| Tel 0161 926 6000 |
Shore Capital Pascal Keane/ Edward Mansfield
| Tel 0207 408 4090 |
FTI Oliver Winters/ Georgina Bonham
| Tel 0207 831 3113 |