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Company History

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Prospec

With origins going back over 100 years, parent company Prospec Limited was established in 1977 as a subsidiary of a large quoted Plc. In 1985 it was subject to a management buyout involving the four working Directors. Subsequently they were joined by the UK Sales Director.

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Worldwide

The first few years of the company's activities were spent developing a world wide market for glass walls on squash and racquet ball courts. This was a product which enabled the company to gain expertise in consigning and installing products for the construction industry in overseas markets. This expertise in glass was extended to the provision of Cabrillant Compartments and lockers, using ceramic painted toughened glass. There are now in excess of 30,000 squash and racquetball courts around the world with Ellis Pearson glass wall systems and over 1,000 Health & Fitness Clubs installed with Cabrillant glass shower Compartments.

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Market

In the early 1980's Prospec expanded its activities to include the "Marathon range" of storage lockers and Compartments using glass and compact grade or laminate panels. Initially these products were intended for public swimming pool changing areas, which can experience heavy public use. They were also ideally suited for installations in all types of public buildings. As a result of Prospec's engineering and installation experience, the products become widely accepted in the UK. Currently, "Marathon" is considered to be the market leader in UK, with about 70% of the local government swimming pool and sport center developments. The same systems are exported in component form to a number of overseas markets including mainland Europe, the Middle and Far East, Australia, New Zealand and, since 2002, to the USA.

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Financial

Prospec Contracts Inc is Registered in New York and parent company Prospec Ltd is Registered in the UK, has an annual revenue of £10m [$18m] and currently employs 100 people.

www.prospeccontracts.com

Prospec Contracts Inc 2005

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