Homeserve plc

Description

HomeServe plc, a constituent of the FTSE 250 Index, is a UK-based repairs and Improvements Company, founded in 1993 by Richard Harpin and expands its business in home assistance service by doing partnership with utility companies. The company’s headquarter is located in Walsall, England. The company engaged in the business of providing home repairs and improvement, emergency, and heating installation services globally. The company operates in the US, UK, and continental Europe. The company’s market segment includes France, United Kingdom, Spain, North America, and new markets.

The company engaged in designing a range of electrical, water and heating related products for home assistance, and provides connected home solutions. The company’s segment ‘new market’ includes the joint venture of the company with Mitsubishi Corporation in Japan. The company’s product includes internal gas supply pipe, gas and oil central heating, appliance repairs, pest infestations, external water supply pipe, glazing repairs and locksmith service. The company’s services include boiler replacement, landlord cover, repairs and services, Kitchen appliance insurance. The company helps the people in running their homes easily with the access to technology and tradespeople by offering their products and services of home repair and maintenance.

The company’s objective is to become the most trusted provider of home repairs and improvements globally. The company has three business divisions based on the different stages of development including North American Membership & HVAC, Europe and Asia Membership & HVAC and Home Experts.  The company’s North American Membership & HVAC business focused on growth potentials and has proven record in an under-penetrated market. The company’s Europe and Asia Membership & HVAC business focused on establishing cash generative business with the objective of diversify and grow. The company’s Home Experts business is an online, on demand platforms to match consumers with trades