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Restore of value

RESULTS: Document-management company, Restore, remains a canny play on a highly defensive niche market
September 18, 2012

Restore (RST) has made two transformational deals this year. In February it bought Harrow Green, the UK leader in office relocations and, in August, it sold its cyclical damp-proofing business Peter Cox, which used to generate some 40 per cent of sales. That leaves it as a pure play on office services - with a stable and profitable records-management business sitting alongside a lower-margin removals arm and related niche services, such as scanning and shredding.

IC TIP: Buy at 94p
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