ProService Appoints CEO Tom Shorten to Board as Marketplace Strategy Advances

HSS Hire ( (GB:PRO) ) has provided an update.

ProService Building Services Marketplace plc has formally appointed its Chief Executive Officer, Tom Shorten, to the company’s Board, consolidating executive leadership at a time when the group is evolving its business model into a digital marketplace for building services. Shorten, who joined the group in 2017 and has led the ProService division through its separation from operations and its transition to a marketplace model, brings significant sector and corporate experience, although his record includes a prior directorship at Phones 4U Limited, which remains in administration with an expected material shortfall to certain creditors, a detail that may be of interest to investors assessing governance and risk. The move follows the group’s recent rebranding from HSS Hire Group plc to ProService Building Services Marketplace plc and underscores the board’s commitment to its marketplace strategy and to embedding Shorten’s leadership more deeply into the group’s governance structure.

The most recent analyst rating on (GB:PRO) stock is a Hold with a £6.00 price target. To see the full list of analyst forecasts on HSS Hire stock, see the GB:PRO Stock Forecast page.

Spark’s Take on GB:PRO Stock

According to Spark, TipRanks’ AI Analyst, GB:PRO is a Neutral.

HSS Hire’s overall stock score is primarily impacted by its poor financial performance and weak technical indicators. The company’s high leverage and declining profitability are significant concerns. The technical analysis suggests bearish momentum, and the negative P/E ratio highlights valuation challenges. The absence of earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on GB:PRO stock, click here.

More about HSS Hire

ProService Building Services Marketplace plc, formerly HSS Hire Group plc, is a leading technology-driven digital marketplace focused on connecting buyers and sellers of building services in the UK. The group offers a wide range of services including equipment hire, resale, building materials, and training, positioning itself as a scalable and differentiated player in the building services sector with a strong emphasis on customer acquisition on both sides of its marketplace platform.

Average Trading Volume: 704,697

Technical Sentiment Signal: Strong Sell

Current Market Cap: £53.98M

Learn more about PRO stock on TipRanks’ Stock Analysis page.