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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Marston's PLC    MARS   GB00B1JQDM80

MARSTON'S PLC (MARS)
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Marston : HQ wins award for its design

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10/04/2017 | 07:50pm CET

IT has brightened up a corner of Wolverhampton's Chapel Ash and now Marston's House has won a design award.

The building has been highly commended in the British Council for Offices national awards.

The headquarters of breweries and pubs group Marston's was recognised last night in the corporate workplace category of the awards.

Marston's House appealed to the judges with how it has transformed the obsolete 1960s Marston's offices into a 'superb' modern and creative workplace.

The judges concluded that Marston's House is one of the best examples today of blending great pub design with the requirements of agile, flexible and inspiring workspaces.

At a cost put at 'nearly £10 million' by boss Ralph Findlay, Marston's effectively rebuilt its head office in a 12-month operation that saw hundreds of staff moved over the road at Chapel Ash to the old Coniston House offices.

They worked there for a year, with a grandstand view of the work as Marston's House was stripped back to its concrete frame and liftshafts.

The panel praised the architects for creating multiple working spaces, ranging from informal meeting areas to multi-functional work spaces on the ground floor, plus "pub style" meeting areas.

Matt Viall, chairman of the BCO judging panel in the Midlands and Central England, said: "It's great to see two really well-designed and used buildings in the West Midlands being picked out by the judges in the national awards.

"It is particularly heartening to see that Birmingham City's Council's multi-award-winning office has remained true to its original intent and objectives, delivering a superb work space for staff."

Birmingham City Council's10 Woodcock Street building scooped the Test of Time award - six years after first opening its doors. It opened after the local authority consolidated 25 buildings into one.

The BCO awards programme recognises top quality office design and functionality.

More than 1,300 of the country's top developers, occupiers, architects and designers, who won their category in the 2017 regional awards programme, attended last night's dinner.

© Copyright © 2017 Express & Star, All rights reserved., source Newspapers

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Financials ( GBP)
Sales 2018 1 063 M
EBIT 2018 188 M
Net income 2018 92,3 M
Debt 2018 1 285 M
Yield 2018 6,86%
P/E ratio 2018 7,79
P/E ratio 2019 7,36
EV / Sales 2018 1,89x
EV / Sales 2019 1,83x
Capitalization 719 M
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 1,20  GBP
Spread / Average Target 5,4%
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Managers
NameTitle
Ralph Graham Findlay Chief Executive Officer & Executive Director
Roger William Devlin Chairman
Andrew Andonis Andrea Chief Financial Officer & Executive Director
Robin Rowland Independent Non-Executive Director
Nicholas Backhouse Independent Non-Executive Director
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