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 £38bn 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 £80m to £100m, 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.’
|RTC Group plc|
Bill Douie, Executive Chairman
Andy Pendlebury, CEO
Sarah Dye, Group Finance Director
|Tel: 01332 861 844|
Tel: 07766 505 402
|Allenby Capital Limited (Nominated Adviser and Broker)|
Jeremy Porter / Alex Brearley
|Tel 020 3328 5656|
RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.
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