Share Name Share Symbol Market Type Share ISIN Share Description
Welney Plc NEX:WENP NEX Ordinary Share GB00B2334P26
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Interim Results For The Six Months Period To 31 December 2018

29/03/2019 12:10pm

UK Regulatory (RNS & others)


 
TIDMWENP 
 
 
   29(th) March 2019 
 
   Welney Plc 
 
   ("Welney" or the "Company") 
 
   Interim Results for the six months period to 31 December 2018 
 
   Chairman's Statement 
 
   Welney Plc is pleased to announce its unaudited interim results for the 
6 months period to 31 December 2018. Operational costs for the period 
amounted to GBP33k for the 6 months to December 2018 compared to GBP37k 
for the 6 months to December 2017 and continue to keep costs to a 
minimum whilst it continues to look for investment opportunities. 
 
   The Board continues to review a number of potential acquisitions and 
proposals which is reliant on new investment being achieved by virtue of 
equity or loan capital. 
 
   The company continues to be supported by loans arranged by the company's 
directors. 
 
   Further announcements will be made in due course. 
 
   Darren Edmonston 
 
   Chairman 
 
   Welney Plc 
 
   Unaudited Profit and Loss Account 
 
   Six months ended 31 December 2018 
 
 
 
 
                             6 months ended 31(st)     6 months ended 31(st) 
                                   Dec 2018                   Dec 2017 
-------------------------  ------------------------  ------------------------- 
                                   GBP '000                   GBP '000 
-------------------------  ------------------------  ------------------------- 
Revenue                                -                         - 
-------------------------  ------------------------  ------------------------- 
Other Income                           -                         - 
-------------------------  ------------------------  ------------------------- 
 
Gross Profit                           -                         - 
-------------------------  ------------------------  ------------------------- 
 
Administrative Expenses                    (33,503)                    (32,394 
-------------------------  ------------------------  ------------------------- 
 
Operating (Loss)                           (33,503)                   (32,394) 
-------------------------  ------------------------  ------------------------- 
 
Interest payable                                  -                    (4,724) 
-------------------------  ------------------------  ------------------------- 
 
Profit / (Loss) on 
 ordinary activities                       (33,503)                   (37,118) 
-------------------------  ------------------------  ------------------------- 
 
 
 
 
 
   Welney Plc 
 
   Balance Sheet as at 31 December 2018 
 
 
 
 
                             6 months ended 31(st)      6 months ended 31(st) 
                                    Dec 2018                  Dec 2017 
--------------------------  ------------------------  ------------------------ 
                                    GBP '000                  GBP '000 
--------------------------  ------------------------  ------------------------ 
 
Current assets 
--------------------------  ------------------------  ------------------------ 
Trade and other 
receivables                            -                         - 
--------------------------  ------------------------  ------------------------ 
Debtors                                       11,078                    11,346 
--------------------------  ------------------------  ------------------------ 
Cash and cash equivalents                          -                         - 
--------------------------  ------------------------  ------------------------ 
Investments                                    2,328                     1,567 
--------------------------  ------------------------  ------------------------ 
 
Total Assets                                  13,406                    12,913 
--------------------------  ------------------------  ------------------------ 
 
Current Liabilities 
--------------------------  ------------------------  ------------------------ 
Trade and other payables                    (45,619)                  (37,455) 
--------------------------  ------------------------  ------------------------ 
 
Net Current Assets                          (32,213)                  (24,542) 
--------------------------  ------------------------  ------------------------ 
 
Long term Liabilities                      (269,062)                 (209,250) 
--------------------------  ------------------------  ------------------------ 
 
Net (Liabilities)                          (301,275)                 (233,792) 
--------------------------  ------------------------  ------------------------ 
 
Shareholders' Equity 
--------------------------  ------------------------  ------------------------ 
Share Capital                              1,545,511                 1,545,511 
--------------------------  ------------------------  ------------------------ 
Share Premium Reserve                      1,562,336                 1,562,336 
--------------------------  ------------------------  ------------------------ 
Loan note Reserve                             10,714                    10,714 
--------------------------  ------------------------  ------------------------ 
Share option Reserve                               -                         - 
--------------------------  ------------------------  ------------------------ 
Reserves                                 (3,419,836)               (3,352,353) 
--------------------------  ------------------------  ------------------------ 
 
Shareholders' deficit                      (301,275)                 (233,792) 
--------------------------  ------------------------  ------------------------ 
 
 
   The financial information set out above has not been reviewed or audited 
by the company's auditors. 
 
   The directors of Welney Plc accept responsibility for this announcement. 
 
 
   For further information: 
 
   Welney Plc 
 
   Darren Edmonston 
 
   +44 (0) 1279 635511 
 
   CORPORATE ADVISER AND CONTACT DETAILS: 
 
   Alexander David Securities Limited 
 
   David Scott 
 
   Telephone: +44 (0) 20 7448 9820 
 
   49 Queen Victoria Street EC4N 4SA 
 
 
 
 

(END) Dow Jones Newswires

March 29, 2019 08:10 ET (12:10 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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