Sureserve subsidiary retains long-term contract with L&Q

Social housing energy services provider Sureserve Group revealed on Monday that its wholly-owned K&T Heating Services subsidiary has successfully retained a long-term gas servicing, repair, and installation contract with social housing provider L&Q.

Sureserve said the contract term was capped at eight years, commencing on 1 May, and was expected to generate sales revenue of £68.0m over the entirety of the contract term.

K&T Heating's managing director David Greenfield said: "We are delighted to have been selected as one of the social housing service providers for L&Q. We have had a long-term and trusted relationship, working in partnership with L&Q since 2013, and have developed a reputation for quality delivery of gas compliance services.

"This eight-year contract win recognises the importance of K&T Heating Services' client relationships, service quality, and focus on delivering important critical services for social housing communities."

As of 1000 BST, Sureserve shares were down 1.50% at 85.20p.

Reporting by Iain Gilbert at Sharecast.com