News & Comment
Beleaguered home services and motor franchising group Myhome International has gone into administration.
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Beleaguered franchiser Myhome International is contemplating a discounted share issue after breaking some covenants in an £8 million banking facility.
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Franchise group Myhome International has doubled annual pre-tax profits to £1.5 million and says ‘quality of earnings’ is now the focus.
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Acquisitive household services franchiser Myhome International has agreed to buy car cleaning and repair specialist ChipsAway for up to £20 million.
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Residential service franchiser Myhome International says divisions of banking giant Barclays have emerged with a 4.99 per cent stake.
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Residential services franchiser Myhome International has increased first-half pre-tax profits from £278,000 to £742,000.
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As foreshadowed by Growth Company Investor in May, franchise group Myhome International joins AIM tomorrow after a £4 million fundraising.
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Cleaning services franchise operator Myhome International has made its first acquisition, snapping up Nicenstripy, which provides gardening also under a franchise system.
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Fast-growing cleaning and related services provider Myhome International has two potential acquisitions in sight which could transform the company by adding several hundred new franchisees.
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Recommendations
Deal hungry domestic chores franchise Myhome, guided by energetic chairman Russell O’Connell and with ambitions to become ‘the AA of the home’, has completed its third acquisition in a matter of weeks.
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Following a strong set of interim results, franchise group Myhome hopes to float on AIM soon to continue its ambitious growth plans.
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Myhome
BUY 14/06/2005
Myhome, the fast growing franchisor of residential cleaning services, moved into profit for the half to March, and the company is on course to smash analysts estimates for the full year.
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Home services company Myhome International is keen to emphasise that it is not simply a cleaning service but a franchise business as well.
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