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Franchise Brands PLC has eye on expansion after £14mln fundraise

Stephen Hemsley, executive chairman of Franchise Brands PLC (LON:FRAN) is confident the B2B business will come out strongly from the coronavirus lockdown.

“We can trade through the crisis in profit,” he told Proactive.

“And once we come out the other side, the drain maintenance businesses [B2B] will recover very quickly as commercial premises being re-occupied will have issues to be resolved.”

The consumer-facing businesses will be slower to bounce back, but here, as in B2B, Franchise Brands will use the proceeds of its recent £14mln fundraise to find businesses to acquire and expand.

“The additional funds will make opportunities more available and more affordable,” Hemsley said

Quick facts: Franchise Brands PLC

Price: 104.4 GBX

AIM:FRAN
Market: AIM
Market Cap: £99.97 m
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Franchise Brands PLC (LON:FRAN) chairman Stephen Hemsley tells Proactive London's Katie Pilbeam about year he describes as 'a year of three quarters ' the first quarter was very strong, second quarter heavily impacted by the first shutdown....... and it's been a steady recovery since...

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