PHSC plc Trading Statement

 
TIDMPHSC 
 
1 February 2013 
 
                                   PHSC PLC 
 
                                Trading Update 
 
PHSC plc ("the Company"), a leading provider of health, safety, hygiene and 
environmental consultancy services and security solutions to the public and 
private sectors, is pleased to announce an update to the market on its 
performance up to the end of the third quarter of its financial year. 
 
Consolidated Group sales and EBITDA (per management accounts, unaudited) for 
the nine months ended 31 December 2012 were as below: 
 
Group sales and other income: GBP 3,856,440 (at Q3 2011/12: GBP 3,240,847). 
 
EBITDA: GBP 332,800 after deduction of GBP 30,000 relating to one-off stamp 
duty and acquisition legal fees. ( Q3 2011/12: GBP 226,711). 
 
Net assets stood at GBP 5,488,564 (at Q3 2011/12: GBP 5,225,566). 
 
Stephen King, CEO, said: "The benefits arising from our two acquisitions 
earlier in the year are beginning to come through. The Group has increased 
total revenues by over GBP 600,000 from the levels recorded at this stage in 
2011/12, and more importantly has seen an improvement in profits which for the 
first nine months stood at GBP 332,800 before depreciation, amortisation of 
goodwill and tax. Profits from trading activities, ie before deduction of stamp 
duty and legal fees, at around GBP 362,000 are around 60% ahead of where we 
were at the end of the third quarter in the previous financial year. 
 
"As explained in my Interim Report statement, our new B to B Links subsidiary 
has invested in substantial stock ahead of a large CCTV installation contract. 
This work is now in progress. Coupled with payments related to the acquisition 
of goodwill and assets of that company, and of QCS International Limited, our 
cash reserves were largely utilised by the end of Q3. We have an agreed 
facility with our bankers, HSBC, which will be more than sufficient to see us 
past this predicted low er than usual cash position. Net proceeds of GBP 71,000 
have been received this month from the sale of our vacant property at Raunds 
and we had net cash balances of GBP 136,684 in the bank at the close of 
business last night. 
 
"The board is encouraged by what has been achieved in the first nine months of 
the year. In our last annual report I explained that we were expecting full 
year revenues for 2012/13 to be marginally ahead of last year, and for profits 
to see a small improvement. We are on track to exceed those expectations. 
 
-Ends- 
 
For further information please contact: 
 
PHSC plc 
Stephen King                               01622 717700 
[e-mail] 
www.phsc.plc.uk 
 
Northland Capital Partners Limited 
(Nominated Adviser & Broker) 
Gavin Burnell / Edward Hutton / Lauren Kettle    020 7796 8800 
Alice Lane / John Howes (Broking) 
 
 
 
END