Minerva Equity Limited - 31 March 2019 Final 19.08.2019 - Flipbook - Page 15
Minerva Equity Limited (formerly DMWSL 881 Limited)
Strategic Report
for the period ended 31 March 2019
The directors present their strategic report together with the audited financial statements on the
Group for the period ended 31 March 2019.
Review of the Business
Details of the operational performance is summarised in the Chief Executive’s review on pages 2-8,
and the Financial review on pages 9-12 summarises our financial performance for the period ended
31 March 2019. Additional information has been provided in accordance with the Walker Guidelines,
which sets out best practice disclosures for large Portfolio Companies owned by private equity
investors.
Principal activities
The Group provides support services to blue-chip clients in the utilities, telecom, transport and data
services sectors in the UK. Its services range from implementing planned capital investment
schemes to reactive repair and maintenance. The principal activity of the Company is that of a
holding company.
On 30 July 2018 Minerva Equity Limited (formerly DMWSL 881 Limited) acquired control and 100%
of the share capital of Minerva Holdco Limited and its subsidiaries.
Business model
Our vision is to be the leading service provider for essential infrastructure in the UK and Ireland.
Our strategy aims to achieve this vision by providing long-term services to blue-chip, often
independently regulated clients. Through these long-term relationships we will deliver reliable and
stable revenue streams, margins and cash flow. We target long term profitable growth, both
organically and through acquisitions that enable a broadening of the group’s service offering. We will
maximise the scale efficiencies of being a group by coordinating common functions, sharing best
practice and implementing strong commercial and financial controls.
The group’s core values are fundamental for sustainable growth:
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Health and Safety - putting health, wellbeing and safety of people first.
Service Delivery Ethos - helping deliver our clients’ business needs.
Invest in People - Engaging and empowering everyone to deliver and grow.
Integrity - conducting ourselves respectfully, being open, accountable and honest in
all our operations.
Our differentiated business model builds on these foundations and focuses the group on safety,
service delivery and quality in order that we create and maintain long-term, mutually beneficial
relationships with our clients. The key components of our business model are:
Focused strategy
We are focused on essential infrastructure markets which undertake large, stable and
resilient investment associated with our core business capability.
Excellent Safety Record
Our consistent and strong safety record is an essential requirement to work in our markets.
Maintaining this performance is key to our continued success.
Service Delivery Ethos
Each division is dedicated to its individual market and aligned to respective clients’ business
goals while ensuring cost effective service delivery.
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