CLS Holdings

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Not to be confused with CLS Group.
CLS Holdings plc
Company typePublic
LSE: CLI
FTSE 250 component
IndustryProperty
Founded1987 as Central London Securities
HeadquartersLondon, England, UK
Key people
Lennart Sten
(Independent Non-Executive Chairman)
Anna Seeley
(Non-Executive Director and Vice Chairman)
Fredrik Widlund
(Chief Executive Officer)
Andrew Kirkman
(Chief Financial Officer)
RevenueIncrease £151.9 million (2024)[1]
Increase £(52.5) million (2024)[1]
Increase £(93.6) million (2024)[1]
Websitewww.clsholdings.com

CLS Holdings plc is a British commercial property investment business based in London, England. It is listed on the London Stock Exchange, and specializes in office space across the UK, Germany and France.

History

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The company was established by Sten Mörtstedt as Central London Securities in 1987 and was first listed on the London Stock Exchange in 1994.[2] The company was one of the original three investors in The Shard development at London Bridge in 2006 but sold its interest in January 2008.[3] Richard Tice was appointed CEO in 2010.[4]

Fredrik Widlund replaced Richard Tice as CEO in November 2014, having previously been at GE Capital.[5]

Historically, the company made shareholder distributions by way of a tender offer buy-back, but announced in February 2017 the introduction of a dividend, and a proposed share sub-division.[6]

The former executive director Sten Mörtstedt died in December 2020 at the age of 80.[7]

Operations

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The company's property portfolio was valued at circa £1.7 billion as at 31 December 2024.[1]

References

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  1. ^ a b c d "Annual Results 2024". CLS Holdings. Retrieved 1 April 2025.
  2. ^ "CLS builds value". Interactive Investor. 2 October 2014. Retrieved 16 December 2014.
  3. ^ "Shard of Glass shareholder sells stake as Qataris move in". London SE1. 10 January 2008. Retrieved 16 December 2014.
  4. ^ "Who is Richard Tice? The ex-Reform UK leader replaced by Nigel Farage". Sky News. 12 June 2024. Retrieved 4 August 2024.
  5. ^ "CLS Holdings Names Fredrik Widlund CEO". RTT News. 8 January 2014. Retrieved 18 April 2024.
  6. ^ "Introduction of dividend". Retrieved 9 March 2017.
  7. ^ "Announcement of death of Mr Mortstedt". Retrieved 4 May 2021.
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