RNS Number : 2293V
Marks Electrical Group plc
04 April 2023
 

 

04 April 2023                                                                                                                                       

 

Marks Electrical Group plc

("Marks Electrical" or "the Group")

 

Change of Adviser

 

 

Marks Electrical Group plc, a fast-growing online electrical retailer, is pleased to announce the appointment of Canaccord Genuity Limited as nominated adviser and broker to the Company, with immediate effect.

 

- Ends -

 

 

Enquiries:

 

Marks Electrical Group plc

Via Dentons Global Advisors:

Mark Smithson (CEO)

Josh Egan (CFO)

Tel: +44 (0)20 7664 5095

Dentons Global Advisors (Financial PR)


Jonathon Brill / James Styles / Fern Duncan

markselectrical@dentonsglobaladvisors.com  

Tel: +44 (0)20 7664 5095

Canaccord Genuity (NOMAD and Broker)


Max Hartley / Patrick Dolaghan

Tel: +44 (0)20 7523 8000

 

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth approximately £8.0 billion.

Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 4,000 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.

 

For further information, visit the Marks Electrical corporate website:  https://group.markselectrical.co.uk/ and its retail website:  https://markselectrical.co.uk/ .

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