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Full interview: Metro Rod has undergone a step change says Franchise Brands PLC boss Hemsley

Franchise Brands PLC (LON:FRAN) boss Stephen Hemsley has started to look for more acquisitions with the integration of drain maintenance business Metro Rod now largely finished.

“We want to expand the services it offers,” he told Proactive and offer a complete “water in and waste out” product.

Good growth at Metro Rod was behind the healthy rise in first-half profits as franchisees at the B2B business have embraced the new Vision 2023 strategy.

Nearly 40% of franchisees are seeing sales growth of more than 20%.

ChipsAway is also seeing good growth to prepare the car bodywork business for the advent of electric cars.

“Everything is in the bumper, so a bang or scrape there means everything has to be re-calibrated.”

Quick facts: Franchise Brands PLC

Price: 130.5 GBX

Market: AIM
Market Cap: £103.73 m

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Full interview: Strong performance and start to 2020 for Franchise Brands

Franchise Brands (LON:FRAN) strong numbers for 2019 show significant growth over the previous year and at least match market expectations for £40.6mln of sales and underlying profits of £5.2mln. Executive Chairman Stephen Hemsley tells Proactive London how he intends to steer the business...

4 days, 18 hours ago

2 min read