ENVIRONMENTAL SCIENTIFICS GROUP HOLDINGS LIMITED

ENVIRONMENTAL SCIENTIFICS GROUP HOLDINGS LIMITED

Previous company name
INSPICIO LIMITED
Name change date
10/22/2010
Company Overview
Inspicio PLC, with headquarters in London, United Kingdom, engages in inspection and testing of commodities for the purpose of international trade. Incorporated on 2005, the company was established to acquire and manage companies and businesses in the international testing, inspection and performance conformity markets both in the United Kingdom and internationally.
Inspicio’s operating businesses include; Inspectorate – a global leader in testing and inspection services; the Environmental Services Group – a leading provider of testing solutions; and Eclipse Scientific Group – one of Europe’s leading independent analytical testing businesses.
Testing businesses is to test quality and performance of products and materials against health, safety and regulatory standards. Inspection businesses is to independently verify the quantity, weight and quality of traded goods. Performance conformity business certifies or grades systems or services often where formal regulation or legislation does not yet exist.
Inspicio aims to grow through acquisitions as well as structuring acquired businesses for organic growth and maximising any consolidation opportunities.
The company’s subsidiary includes Inspicio Holdings Limited. Its shareholders include: Johcm Oeic Managers LLP; Henderson Global Investors Limited; AXA Investment Managers UK Limited; RMB Multimanagers SICAV; ZA Capital LLP; Sun Life Assurance Company of Canada (UK) Ltd; F&C Institutional Investment Funds ICVC; Polar Capital Partners Limited; Goldman, Sachs & Co; F&C Asset Management PLC; Henderson Group PLC; Tozzi Keith; Societe Generale; Power Corporation of Canada; Aviva PLC (IFRS).
Business Summary
The principal activity of the Company during the year was that of the provision of inspection and testing of commodities for the purpose of international trade.
Description and history
The principal activity of the Company is that of the provision of inspection, testing and performance conformity services.

HISTORY

The Company was incorporated on 5 April 2005 and it shares are admitted to AIM on 29 April 2005. Company established to acquire and manage organisations in the testing, inspection and performance conformity markets, both in the UK and internationally. Within the group now have over 5,000 employees operating in almost 130 countries and a framework for continued growth.

The Company initial objective was to acquire a global business and use this as a platform to increase shareholder value. To this end, the acquisition of Inspectorate – a global leader in testing and inspection services was completed in October 2005. Since then, they have made two further acquisitions – Environmental Services Group was acquired from Mowlem plc in April 2006 and Eclipse Scientific Group completed in August 2006.

The strategy is focused on growth, both organic and acquisition-led. They aim to grow through acquisitions as well as structuring acquired businesses for organic growth and maximising any consolidation opportunities. We intend to use Inspectorate’s global infrastructure to drive international expansion and our vision is to become a significant global player in the testing, inspection and performance conformity market.

The Company believe that there are a number of key factors which are driving the need for greater scale in our core markets, leading to consolidation opportunities and thereby the creation of shareholder value. These are:

-Regulatory and legislative changes driving the need for new and tougher testing regimes
-Buyers/sellers of goods and services seeking independent third party inspection services
-Multinational businesses requiring consistency in testing and inspection
-Commercialisation of performance conformity services
-Globalisation of supply chains
-Rapid economic growth and increased international trade also underpin the long-term growth in our core markets. Global GDP is forecast to grow 3% per annum from 2005 to 2009 while trade growth is forecast to grow by 7% per annum over the same period.

The Company now have three market leading divisions:

– Inspectorate

– Environmental Services Group

– Eclipse Scientific Group

Inspectorate
Inspectorate is a world leader in inspection and laboratory analysis of traded commodities with over 120 offices and 4,000 employees. Since its acquisition into the Company, the Inspectorate business is progressing well and the results reported so far demonstrate that the business is turning around in line with our expectations.

Environmental Services Group (ESG)
ESG is a leading provider of testing solutions for both naturally occurring and built environments. It combines some of the UK’s best-known environmental brands to deliver integrated ‘cradle to grave’ services to customers throughout the UK, Ireland, Europe and the Middle East. This acquisition added 17 new offices and 800 employees to the Inspicio Group.

The Eclipse Scientific Group (Eclipse)
Eclipse is one of Europe’s leading independent analytical testing businesses with ten laboratories across the United Kingdom and the Republic of Ireland. Eclipse provides a range of microbiological and chemical testing services that focus on the food and drink, pharmaceutical and environmental sectors. Specialist testing for vitamins, pesticide residues, additives, minerals, milk, allergens and veterinary residues is also undertaken. Food analysis is complemented by consultancy services in areas such as HACCP, ISO 9000, food technology, legal and labelling advice. Eclipse added 10 labs and over 300 employees to the group.

Takeover by Angus Newco Limited
The company acquired by Angus Newco Limited and delisted on LSE with effective from 25 March 2008.

Established to acquire and manage companies and businesses in the international testing, inspection and performance conformity markets

Business Line
Engages in inspection and testing of commodities for the purpose of international trade
Subsidiary
ATESTA HOLDINGS LIMITED
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
4/29/2005
US SIC Code
8734
Company Address
10, Buckingham Street

City province or state postal code
WC2N 6DF, LONDON
Phone: +44 20 7004 2780
Fax: +44 20 7004 2781
Country address: UNITED KINGDOM
Website url: www.inspicioplc.com