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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.”

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AIM:FRAN
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Franchise Brands PLC boss says revenues rose by 21% in interim results

Franchise Brands PLC (LON:FRAN) chairman Stephen Hemsley tells Proactive revenues rose by 21% in the half-year to end-June, 2020, and all its businesses are now up and running again as coronavirus pandemic restrictions ease. Hemsley says turnover was boosted by the acquisition of Willow...

on 30/7/20

2 min read