Minerva Equity Limited - 31 March 2019 Final 19.08.2019 - Flipbook - Page 6
Minerva Equity Limited (formerly DMWSL 881 Limited)
Chief Executive’s review (continued)
Business development and innovation
Each division has made good progress in developing new business for the Group during the period.
This has enabled a robust order book to be maintained, equivalent to nearly three years turnover.
The key developments are summarised below.
Utilities
We established wastewater network services expertise with the acquisition in March 2019 of
Industrial Water Jetting Systems Limited (“IWJS”), one of the leading providers of wastewater
network services to the water, transport and environmental sectors. IWJS’s service offering includes
sewer and drainage maintenance and rehabilitation, lining and patch repair, jetting and cleansing
and CCTV investigation. IWJS has retained its brand identity and operates as a standalone specialist
services business within the Utilities division.
Morrison Utility Services Limited (“MUS”) was awarded a new four-year water network alliance
contract with Dr Cymru Welsh Water. The scope of work includes the repair and maintenance of
clean water network assets, metering and mains renewal. The enlarged contract commenced in
November 2018 and covers the entire Dwr Cymru Welsh Water operational footprint.
MUS also secured two new long-term frameworks for an initial six-year period for United Utilities
(“UU”). Both contracts commenced on 1 April 2019 and include an option to extend to 11 years. MUS
is responsible for the repair and maintenance of clean water network assets across UU’s north
region, together with mains renewal, design and minor capital projects across UU’s entire supply
region.
Working on behalf of Wales and West Utilities, the Western Gas Alliance (“WGA”) has replaced over
395km per annum of old metal gas pipes with new plastic ones across Wales and the south west of
England. During the period our partnership with Wales and West Utilities was strengthened when
MUS secured additional work by taking on the activities of an existing contractor in the WGA, MUS
now delivers all the outsourced work under the Alliance.
As part of a long-term framework with Yorkshire Water, MUS delivered a groundbreaking ‘smart’
water network project in Leeds city centre to provide Yorkshire Water with new levels of intelligence
and understanding of the city’s water pipe network operations and rising water usage.
During the last year, Thames Water engaged MUS to deploy 26,000 permanent acoustic loggers to
support its leakage detection efforts. The acoustic logging estate in Thames Water is the largest
estate of loggers in the world and have been introduced to support conventional leakage detection
processes, strengthen the leakage data available for analysis and support Thames Water’s strategic
‘Smart Networks’ goal. The deployment covers over 300 District Metered Areas - 18% of the Thames
network.
Telecoms
As part of the continued development of our service offering, a new Telecom business, Morrison
Telecom Services Limited (“MTS”), was launched. The creation of MTS, from the telecom’s activity
previously in MUS, supports the growing division focussing solely on the telecoms market.
The acquisition of Avonline
specialist provider of telecom
alternative network operators
design, fibre optic duct and
business connections.
Networks was completed in March 2019. Avonline Networks is a
network build and installation services on behalf of network providers,
and local authorities. Its service offering includes network survey and
cable installation, splicing and testing together with consumer and
MTS, Magdalene Limited (“Magdalene”) and Avonline Networks form the M Group Services’
Telecom division, enabling the Group to offer a complete end-to-end telecom network build and
services portfolio across the UK and Ireland.
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