JSG – the Johnson Services Group announces profits of £46m

The latest results from Johnson Services Group (JSG) issued in March highlighted ‘another consistent and strong financial performance’. The firm published its preliminary results in March for the year ending 31 December 2018.

The report shares that operating profits were up by 6.2 per cent to £46m and that revenues were up by more than 10 per cent to £321.4m. The Cheshire based company said its strong financial performance reflects organic revenue growth of 7.8 per cent and contribution from acquisitions. These included the acquisition of the HORECA linen business, South West Laundry in August 2018.

Their plans for a new high-volume linen plant in Leeds are on track for Spring 2020. Peter Egan, who assumed the role of chief executive officer of Johnson Service Group plc on 1 January 2019, commented: “Our strategy of driving the quality of growth organically by investing capital in our operations, coupled with selective acquisitions, has delivered another strong year of substantial growth with both divisions achieving higher levels of new business.

We are continuing to focus on growing the business through targeted investment in our current sites, developing new capacity where market opportunities have been identified and expanding geographical coverage through acquisition.

The combination of these three strands allow us the platform to continue to provide an excellent service to our customer base. We remain confident in the year ahead.” The Group now comprises of textile services businesses that trade through several brands servicing the UK’s workwear and HORECA sectors.

Currently the ‘Apparelmaster’ brand operates in the workwear market, ‘Stalbridge’, ‘South West’ and ‘London Linen’ provide linen services to the restaurant, hospitality and corporate events market and ‘Bourne’, ‘Afonwen’ and ‘PLS’ provide high volume hotel linen services.

They are developing a new groupwide corporate brand which will link together the various brands and extend national brand recognition. The rollout will begin shortly and will take up to three years to fully implement.

The latest results from Johnson Services Group (JSG) issued in March highlighted ‘another consistent and strong financial performance’. The firm published its preliminary results in March for the year ending 31 December 2018.

The report shares that operating profits were up by 6.2 per cent to £46m and that revenues were up by more than 10 per cent to £321.4m. The Cheshire based company said its strong financial performance reflects organic revenue growth of 7.8 per cent and contribution from acquisitions. These included the acquisition of the HORECA linen business, South West Laundry in August 2018.

Their plans for a new high-volume linen plant in Leeds are on track for Spring 2020. Peter Egan, who assumed the role of chief executive officer of Johnson Service Group plc on 1 January 2019, commented: “Our strategy of driving the quality of growth organically by investing capital in our operations, coupled with selective acquisitions, has delivered another strong year of substantial growth with both divisions achieving higher levels of new business.

We are continuing to focus on growing the business through targeted investment in our current sites, developing new capacity where market opportunities have been identified and expanding geographical coverage through acquisition.

The combination of these three strands allow us the platform to continue to provide an excellent service to our customer base. We remain confident in the year ahead.” The Group now comprises of textile services businesses that trade through several brands servicing the UK’s workwear and HORECA sectors.

Currently the ‘Apparelmaster’ brand operates in the workwear market, ‘Stalbridge’, ‘South West’ and ‘London Linen’ provide linen services to the restaurant, hospitality and corporate events market and ‘Bourne’, ‘Afonwen’ and ‘PLS’ provide high volume hotel linen services.

They are developing a new groupwide corporate brand which will link together the various brands and extend national brand recognition. The rollout will begin shortly and will take up to three years to fully implement.

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