PHSC plc Trading Statement

 
TIDMPHSC 
 
PHSC plc 
 
                                Trading Update 
 
15 May 2013 
 
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 on its performance for the 
financial year ended 31 March 2013. 
 
These indicative figures are per management accounts, currently unaudited. 
 
Consolidated Group revenue for the period was around GBP 5.8m representing an 
increase of approximately 30% over those achieved during the previous year (GBP 
4.4m). 
 
EBITDA was approximately 35% higher than the previous year, at GBP 0.6m 
compared with GBP 0.44m last year. 
 
Net assets rose to approximately GBP 5.6m, including cash of GBP 216,000. 
 
Stephen King, CEO, said: "The improvement in revenues and profitability has 
come about as a direct consequence of the Company's decision to diversify away 
from its core activities. This has enabled us to exceed the forecasts that we 
set ourselves at the start of the year. Our two acquisitions (QCS International 
Limited and B to B Links Limited) have both made positive contributions. Bank 
balances have decreased due to acquisition payments, and cash is around GBP 
700,000 lower than at the end of 2011/12. Further instalments of almost GBP 
450,000 in total fall due during Q2 and Q3 of 2013/14. Given current trading 
and the resulting positive forecasts for our cash flow we anticipate that the 
anniversary payments will be met from the Company's cash resources, rather than 
from our bank financing facility. 
 
"The Company's trading subsidiaries are reasonably confident that they can 
continue to deliver satisfactory results. More details about how individual 
subsidiaries have performed will be outlined in the Preliminary Announcement of 
Results, expected in the first half of July 2013." 
 
For further information please contact: 
 
PHSC plc 
Stephen King                               01622 717700 
[e-mail] 
www.phsc.plc.uk 
 
Northland Capital Partners Limited 
(Nominated Adviser & Broker) 
Edward Hutton / Gavin Burnell         020 7796 8800 
John Howes / Alice Lane (Broking) 
 
 
 
END