Hygiene and decontamination company, REACT announced a new 3-year contract with a new customer in the education sector to perform ‘regular facilities maintenance cleaning’ on Monday.
The three-year contract begins at the end of May 2022 and has a total value of £0.7m.
The contract contains a mechanism for annual price hikes to account for future increases in labour and material costs.
Fidelis, a part of REACT that specialises in routine facility maintenance cleaning, will complete the contract.
Shaun Doak, Chief Executive Officer, REACT said, “I am delighted for the team winning this prestigious new account.”
“It comes as a result of our growing strength in customer satisfaction and references in the education sector, which would not be possible without the great work performed by our professional operators at the sharp end of the business.”
“This contract builds upon our strategy of increasing recurring revenues in resilient markets such as education and healthcare to complement our ad-hoc and specialist reactive work.”
REACT’s shares gained 6% to 1.8p after the company announced a new 3-year contract for £0.7m.