We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Castle Support | LSE:CSU | London | Ordinary Share | GB00B1XLC667 | ORD 20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 108.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMCSU
RNS Number : 0080A
Castle Support Services PLC
01 October 2009
Issued by Citigate Dewe Rogerson Ltd, Birmingham
Date: Thursday, 1 October 2009
Embargoed: 7.00am
Castle Support Services plc
("Castle" or the "Company")
Preliminary Results for the year ended 30 June 2009
Highlights:
+------------------------------------------+---------------------------+-----------------+-----------------+
| | 2009 | 2008 | |
| | | | |
+------------------------------------------+---------------------------+-----------------+-----------------+
| · Revenue | GBP125.5m | GBP116.3m | + 8% |
| | | | |
+------------------------------------------+---------------------------+-----------------+-----------------+
| · EBITDA | GBP19.8m | GBP18.4m | + 8% |
| | | | |
+------------------------------------------+---------------------------+-----------------+-----------------+
| · Operating profit | GBP17.4m | GBP15.8m | + 10% |
| | | | |
+------------------------------------------+---------------------------+-----------------+-----------------+
| · Good cash generation: GBP12.6m pre share buyback programme of GBP3.7m and additional group pension |
| scheme contributions of GBP4.2m |
| |
+----------------------------------------------------------------------------------------------------------+
| · Strong balance sheet with significant funds available for potential investment and expansion |
| opportunities |
+----------------------------------------------------------------------------------------------------------+
| |
| · On-going focus to capitalise on its strong market position, longstanding reputation and expertise in |
| servicing the key global sectors |
| |
+------------------------------------------+---------------------------+-----------------+-----------------+
"During the year we have carried out projects in more than 50 countries
throughout the world in the key international sectors of energy generation, oil,
gas, resources and shipping, and the success in these areas has compensated for
some weaker demand in some parts of our business."
"Overall, the pattern of trading is similar to last year, and on this basis, we
are experiencing encouraging levels of activity with continuing levels of larger
overseas business compensating for some patchiness in parts of our UK business."
"The group is a financially strong, resilient and cash generative business that
has performed well through these difficult times and remains well placed to
benefit from our own expansion plans, as well as from any improvements in the
economic situation or any consolidation opportunities that may arise."
Christopher Mills, Non-Executive Chairman
+---------------------------------------+--------------------------------------+
| Enquiries: | |
| | |
+---------------------------------------+--------------------------------------+
| Castle Support Services plc | |
+---------------------------------------+--------------------------------------+
| Tudor Davies, Executive Director | +44 (0) 121 766 6161 |
+---------------------------------------+--------------------------------------+
| www.castlesupportservices.com | |
+---------------------------------------+--------------------------------------+
| Ticker: AIM: CSU.L | |
+---------------------------------------+--------------------------------------+
| | |
+---------------------------------------+--------------------------------------+
| Citigate Dewe Rogerson | |
+---------------------------------------+--------------------------------------+
| Fiona Tooley | +44 (0) 121 362 4035 |
+---------------------------------------+--------------------------------------+
| Keith Gabriel | |
+---------------------------------------+--------------------------------------+
| | |
+---------------------------------------+--------------------------------------+
| Strand Partners Limited | |
+---------------------------------------+--------------------------------------+
| Matthew Chandler | +44 (0) 207 409 3494 |
+---------------------------------------+--------------------------------------+
STATEMENT BY THE NON-EXECUTIVE CHAIRMAN, CHRISTOPHER MILLS
Introduction
I am pleased to report a continuing trend of improvement in trading for the year
ended 30 June 2009. These results represent a very good performance and
particularly since they have been achieved during a global economic downturn.
Revenue for the year increased by approximately 8% to GBP125.5m, with an
improvement in EBITDA of 8% to GBP19.8m and an operating profit improvement of
10% to GBP17.4m.
The ongoing improvement in the group's trading performance demonstrates the
strength of our market position and well established operations in UK, USA,
Australasia and Middle East providing specialist maintenance and repair services
for generators and motors. During the year being reported on we have benefited
from leveraging our considerable expertise into overseas territories
capitalising on our reputation for quality work and speed of response. We have
carried out projects in more than 50 countries throughout the world in the key
international sectors of energy generation, oil, gas, resources and shipping,
and the success in these areas has compensated for some weaker demand in some
other parts of our business.
Results
The results for the year ended 30 June 2009 show a continuing improvement in
revenue, which increased by 8% to GBP125.5m (2008: GBP116.3m).
EBITDA increased by 8% to GBP19.8m (2008: GBP18.4m) and operating profit
increased by 10% to GBP17.4m (2008: GBP15.8m).
Net interest payable was GBP1.44m (2008: GBP1.95m), the reduction reflecting
both lower borrowings and interest rates in the UK; net interest receivable was
GBP0.47m (2008: GBP0.45m) and treasury income was GBP0.12m (2008: GBP0.79m).
Profit before other finance income increased to GBP16.6m (2008: GBP15.1m),
however, after accounting for a reduced level of other finance income, which
solely relates to an IAS accounting adjustment for pensions, profit before tax
reduced slightly to GBP18.4m (2008: GBP18.5m).
In common with many other UK companies, our taxation charge has been adversely
impacted by a change in the treatment of Industrial Buildings Allowances
introduced in the 2008 Finance Act. This has increased the group's taxation
charge by GBP1.8m to GBP6.3m. If the impact of this one time write-off is
excluded the effective tax rate would have been approximately 24.6%.
As a result of the change to other finance income and the increase in the tax
charge, the improvement in operating profit is not reflected in the profit after
tax of GBP12.1m (2008:GBP12.9m) and the resultant earnings per share of 9.49p
(2008:10.04p).
Borrowings
Cash generation during the year has been good and amounts to GBP12.6m.
Borrowings have reduced by GBP4.7m over the period; this is after expending
GBP3.7m in a share buyback programme and after making payments of GBP4.2m to the
group's defined benefit pension scheme over and above the normal service costs.
Group borrowings at the year end were GBP5.8m (net of cash balances of GBP16.1m)
and with bank facilities of GBP28m the business has funds of approximately
GBP22m available for expansion and acquisitions.
Expansion
The group's strategic plan envisages growing the business throughout the world
to capitalise on our longstanding reputation and expertise in servicing key
global sectors such as energy generation, oil, gas, resources and shipping.
We intend achieving our growth plans through proactive marketing and
potentially through complementary acquisitions and/or joint ventures and trade
alliances. As a well established market leader in a very fragmented marketplace
and with few competitors capable of providing the group's scale and range of
services, the board believe that there is considerable scope for consolidation
and expansion.
In 2008 we completed a strategic move into the Middle East in order to meet the
increasing opportunities in this region and consequently we are in the early
stages of formulating a plan for the expansion of our facilities in Dubai on
surplus land within our existing site in the Jebel Ali Free Zone.
During the course of the current year we have commenced two expansion projects
to meet the growth in demand for our services at existing operations in USA and
in Australia. In the US we have commissioned a new service facility in Gillette,
Wyoming, a region where we have been experiencing considerable growth in the
resources and power sectors. Similar growth in Brisbane, Australia has resulted
in the group outgrowing its existing facility, and the board has therefore
approved an extension increasing the workshop space by circa 40%.
Share buyback
During June 2009 we took the opportunity to buy back 7,918,689 shares at a cost
to the company of GBP3.7m, reducing the number of ordinary shares trading on AIM
to 118,083,186, with 7,975,214 ordinary shares being held in treasury.
Pension scheme
In common with most defined benefit pension schemes, the deterioration in the
world's financial markets has had a considerable impact on the group's pension
scheme during the course of the last year. Although markets staged a partial
recovery during April, May and June, the pension deficit under IAS19 was
GBP21.0m gross and GBP15.1m net of deferred tax at the year end (2008: surplus
of GBP7.3m gross and GBP5.3m net of deferred tax).
Following the finalisation of the triennial valuation as at 23 April 2008, we
reached agreement with the scheme Trustees resulting in a requirement for
GBP12.1m of additional contributions over and above current service costs to be
paid over a period to the next triennial valuation on 23 April 2011; of this,
GBP4.2m was paid during the 2009 financial year.
The board considers that against a background of increasing contributions and
factors outside its control, such as longevity and the continuing growth in
benefits, its primary responsibility should be to safeguard members' accrued
benefits. We have therefore commenced a consultation exercise with all the
active members of the scheme to consider a proposed closure of the Scheme to
future accrual and to replace the scheme with a defined contribution plan.
The following initiatives have been undertaken since the year end: the buy out
of GBP27m of pensioners' liabilities with a major insurance company; the
commencement of a transfer value exercise for deferred members; and the transfer
from equities into bonds to better match the income requirements of retiring
members. It is the directors' intention to continue to monitor and review
opportunities to invest in different asset classes, hedge risks and buy out
liabilities as and when market conditions are favourable.
Outlook
Overall, the pattern of trading is similar to last year's, and on that basis, we
are experiencing encouraging levels of activity with continuing levels of larger
overseas business compensating for some patchiness in parts of our UK business.
The group is a financially strong, resilient and cash generative business that
has performed well through these difficult global economic times and remains
well placed to benefit from the board's expansion plans, as well as from any
improvements in the economic environment or any consolidation opportunities that
may arise.
30 September 2009
Consolidated Income Statement
for the year ended 30 June 2009
+-----------------------------------------------+------+---------------+---------------+
| | | 12 months to | 12 months to |
| | | 30 June 2009 | 30 June 2008 |
+-----------------------------------------------+------+---------------+---------------+
| |Note | GBP'000 | GBP'000 |
+-----------------------------------------------+------+---------------+---------------+
| Revenue | | 125,459 | 116,270 |
+-----------------------------------------------+------+---------------+---------------+
| Cost of sales | | (90,080) | ( 83,717) |
+-----------------------------------------------+------+---------------+---------------+
| Gross profit | | 35,379 | 32,553 |
+-----------------------------------------------+------+---------------+---------------+
| Selling and distribution costs | | (4,633) | (4,471) |
+-----------------------------------------------+------+---------------+---------------+
| Administration expenses | | (13,540) | (12,704) |
+-----------------------------------------------+------+---------------+---------------+
| Operating profit before profit on disposal | | 17,206 | 15,378 |
+-----------------------------------------------+------+---------------+---------------+
| Profit on disposal of property, plant and | | 233 | 454 |
| equipment | | | |
+-----------------------------------------------+------+---------------+---------------+
| Operating profit | | 17,439 | 15,832 |
+-----------------------------------------------+------+---------------+---------------+
| Net interest payable on bank overdrafts and | | (1,440) | (1,948) |
| loans | | | |
+-----------------------------------------------+------+---------------+---------------+
| Net interest receivable on bank balances | | 470 | 453 |
+-----------------------------------------------+------+---------------+---------------+
| Treasury management income | | 117 | 787 |
+-----------------------------------------------+------+---------------+---------------+
| Other finance income - pensions | | 1,822 | 3,371 |
+-----------------------------------------------+------+---------------+---------------+
| Profit before tax | | 18,408 | 18,495 |
+-----------------------------------------------+------+---------------+---------------+
| Income tax expense | | (6,328) | (5,643) |
+-----------------------------------------------+------+---------------+---------------+
| Profit for the period | | 12,080 | 12,852 |
+-----------------------------------------------+------+---------------+---------------+
| Profit attributable to minority interests | | 179 | 202 |
+-----------------------------------------------+------+---------------+---------------+
| Profit attributable to equity shareholders | | 11,901 | 12,650 |
+-----------------------------------------------+------+---------------+---------------+
| | | 12,080 | 12,852 |
+-----------------------------------------------+------+---------------+---------------+
| Earnings per share (EPS) - basic and diluted | 2 | 9.49 | 10.04 |
| - pence | | | |
+-----------------------------------------------+------+---------------+---------------+
There are no discontinued operations.
Consolidated Balance Sheet
As at 30 June 2009
+-----------------------------------------------------+---------------+---------------+
| | 30 June | 30 June |
+-----------------------------------------------------+---------------+---------------+
| | 2009 | 2008 |
+-----------------------------------------------------+---------------+---------------+
| | GBP'000 | GBP'000 |
+-----------------------------------------------------+---------------+---------------+
| Assets | | |
+-----------------------------------------------------+---------------+---------------+
| Non-current assets | | |
+-----------------------------------------------------+---------------+---------------+
| Goodwill | 17,032 | 17,032 |
+-----------------------------------------------------+---------------+---------------+
| Other intangible assets | 55 | 67 |
+-----------------------------------------------------+---------------+---------------+
| Property, plant and equipment | 24,871 | 24,604 |
+-----------------------------------------------------+---------------+---------------+
| Retirement benefit assets | - | 7,306 |
+-----------------------------------------------------+---------------+---------------+
| Deferred tax assets | 4,088 | - |
+-----------------------------------------------------+---------------+---------------+
| Total non-current assets | 46,046 | 49,009 |
+-----------------------------------------------------+---------------+---------------+
| Current assets | | |
+-----------------------------------------------------+---------------+---------------+
| Inventories | 9,883 | 10,333 |
+-----------------------------------------------------+---------------+---------------+
| Trade and other receivables | 23,864 | 22,657 |
+-----------------------------------------------------+---------------+---------------+
| Cash and cash equivalents | 16,124 | 12,886 |
+-----------------------------------------------------+---------------+---------------+
| Total current assets | 49,871 | 45,876 |
+-----------------------------------------------------+---------------+---------------+
| Total assets | 95,917 | 94,885 |
+-----------------------------------------------------+---------------+---------------+
| Liabilities | | |
+-----------------------------------------------------+---------------+---------------+
| Current liabilities | | |
+-----------------------------------------------------+---------------+---------------+
| Trade and other payables | (7,156) | (7,651) |
+-----------------------------------------------------+---------------+---------------+
| Short-term liabilities | (11,953) | (12,783) |
+-----------------------------------------------------+---------------+---------------+
| Short-term provisions | (588) | - |
+-----------------------------------------------------+---------------+---------------+
| Tax liabilities | (151) | (2,040) |
+-----------------------------------------------------+---------------+---------------+
| Bank loans and short term borrowings | (6,590) | (1,612) |
+-----------------------------------------------------+---------------+---------------+
| Total current liabilities | (26,438) | (24,086) |
+-----------------------------------------------------+---------------+---------------+
| Non-current liabilities | | |
+-----------------------------------------------------+---------------+---------------+
| Long-term borrowings | (15,321) | (21,770) |
+-----------------------------------------------------+---------------+---------------+
| Derivative financial instruments | (939) | (175) |
+-----------------------------------------------------+---------------+---------------+
| Retirement benefit liabilities | (21,038) | - |
+-----------------------------------------------------+---------------+---------------+
| Long-term provisions | (4,794) | (4,280) |
+-----------------------------------------------------+---------------+---------------+
| Deferred tax liabilities | - | (2,483) |
+-----------------------------------------------------+---------------+---------------+
| Total non-current liabilities | (42,092) | (28,708) |
+-----------------------------------------------------+---------------+---------------+
| Total liabilities | (68,530) | (52,794) |
+-----------------------------------------------------+---------------+---------------+
| Net assets | 27,387 | 42,091 |
+-----------------------------------------------------+---------------+---------------+
| Shareholders' equity | | |
+-----------------------------------------------------+---------------+---------------+
| Share capital | 25,212 | 25,212 |
+-----------------------------------------------------+---------------+---------------+
| Reverse acquisition reserve | (13,057) | (13,057) |
+-----------------------------------------------------+---------------+---------------+
| Foreign currency translation reserve | 3,995 | 2,117 |
+-----------------------------------------------------+---------------+---------------+
| Other reserves | (3,770) | (50) |
+-----------------------------------------------------+---------------+---------------+
| Profit and loss account | 14,549 | 27,404 |
+-----------------------------------------------------+---------------+---------------+
| Equity shareholders' funds | 26,929 | 41,626 |
+-----------------------------------------------------+---------------+---------------+
| Minority interests - equity | 458 | 465 |
+-----------------------------------------------------+---------------+---------------+
| Total equity | 27,387 | 42,091 |
+-----------------------------------------------------+---------------+---------------+
Consolidated Statement of Recognised Income and Expense
for the year ended 30 June 2009
+-----------------------------------------------------+---------------+---------------+
| | 12 months to | 12 months to |
| | 30 June 2009 | 30 June 2008 |
+-----------------------------------------------------+---------------+---------------+
| | GBP'000 | GBP'000 |
+-----------------------------------------------------+---------------+---------------+
| Retained profit for the period | 12,080 | 12,852 |
+-----------------------------------------------------+---------------+---------------+
| Income/(expense) recognised directly in equity: | | |
+-----------------------------------------------------+---------------+---------------+
| Currency translation differences arising in the | 1,878 | 1,874 |
| period | | |
+-----------------------------------------------------+---------------+---------------+
| Actuarial loss on retirement benefit plan | (34,384) | (12,345) |
+-----------------------------------------------------+---------------+---------------+
| Taxation on actuarial loss on retirement benefit | 9,628 | 3,456 |
| plan | | |
+-----------------------------------------------------+---------------+---------------+
| Total recognised income and expense for the period | (10,798) | 5,837 |
+-----------------------------------------------------+---------------+---------------+
| Attributable to minority interests | 179 | 202 |
+-----------------------------------------------------+---------------+---------------+
| Attributable to equity shareholders | (10,977) | 5,635 |
+-----------------------------------------------------+---------------+---------------+
| | (10,798) | 5,837 |
+-----------------------------------------------------+---------------+---------------+
Consolidated Cash Flow Statement
for the year ended 30 June 2009
+-----------------------------------------------------+---------------+---------------+
| | 12 months to | 12 months to |
| | 30 June 2009 | 30 June 2008 |
+-----------------------------------------------------+---------------+---------------+
| | GBP'000 | GBP'000 |
+-----------------------------------------------------+---------------+---------------+
| Profit before tax | 18,408 | 18,495 |
+-----------------------------------------------------+---------------+---------------+
| Adjustments for: | | |
+-----------------------------------------------------+---------------+---------------+
| Depreciation, impairment and amortisation | 2,368 | 2,579 |
+-----------------------------------------------------+---------------+---------------+
| Profit on sale of property, plant and equipment | (233) | (454) |
+-----------------------------------------------------+---------------+---------------+
| Interest payable on bank overdrafts and loans | 1,440 | 1,948 |
+-----------------------------------------------------+---------------+---------------+
| Interest receivable on bank balances | (470) | (453) |
+-----------------------------------------------------+---------------+---------------+
| Interest rate swaps | 765 | (787) |
+-----------------------------------------------------+---------------+---------------+
| Other finance income | (1,822) | (3,371) |
+-----------------------------------------------------+---------------+---------------+
| Decrease / (increase) in inventories | 695 | (1,133) |
+-----------------------------------------------------+---------------+---------------+
| Increase in trade and other receivables | (778) | (1,783) |
+-----------------------------------------------------+---------------+---------------+
| (Decrease) / increase in trade and other payables | (1,167) | 3,327 |
+-----------------------------------------------------+---------------+---------------+
| Increase in provisions | 1,097 | 1,334 |
+-----------------------------------------------------+---------------+---------------+
| Contributions to pension schemes in excess of | (4,219) | (1,630) |
| service cost | | |
+-----------------------------------------------------+---------------+---------------+
| Cash generated from operations | 16,084 | 18,072 |
+-----------------------------------------------------+---------------+---------------+
| Interest paid | (1,440) | (1,948) |
+-----------------------------------------------------+---------------+---------------+
| Income taxes paid | (5,336) | (2,977) |
+-----------------------------------------------------+---------------+---------------+
| Net cash generated from operating activities | 9,308 | 13,147 |
+-----------------------------------------------------+---------------+---------------+
| Cash flows from investing activities | | |
+-----------------------------------------------------+---------------+---------------+
| Acquisition of businesses | - | (1,826) |
+-----------------------------------------------------+---------------+---------------+
| Net debt and debt equivalents acquired with | - | (8) |
| businesses | | |
+-----------------------------------------------------+---------------+---------------+
| Purchase of property, plant, equipment and software | (2,542) | (2,213) |
+-----------------------------------------------------+---------------+---------------+
| Sale of property, plant and equipment | 1,024 | 2,386 |
+-----------------------------------------------------+---------------+---------------+
| Interest received | 470 | 453 |
+-----------------------------------------------------+---------------+---------------+
| Dividends paid to minority interests | (273) | (8) |
+-----------------------------------------------------+---------------+---------------+
| Net cash used in investing activities | (1,321) | (1,216) |
+-----------------------------------------------------+---------------+---------------+
| Cash flows from financing activities | | |
+-----------------------------------------------------+---------------+---------------+
| Buy-back of shares | (3,720) | (50) |
+-----------------------------------------------------+---------------+---------------+
| Repayments of amounts borrowed | (1,500) | (1,500) |
+-----------------------------------------------------+---------------+---------------+
| Net cash used in financing activities | (5,220) | (1,550) |
+-----------------------------------------------------+---------------+---------------+
| Increase in cash and cash equivalents | 2,767 | 10,381 |
+-----------------------------------------------------+---------------+---------------+
| Cash and cash equivalents at beginning of period | 12,864 | 1,644 |
+-----------------------------------------------------+---------------+---------------+
| Translation differences | 493 | 839 |
+-----------------------------------------------------+---------------+---------------+
| Cash and cash equivalents at end of period | 16,124 | 12,864 |
+-----------------------------------------------------+---------------+---------------+
NOTES TO THE SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS
for the year ended 30 June 2009
1. Summarised consolidated financial statements
The summarised consolidated financial statements are for the twelve months ended
30 June 2009.
They have been prepared under the historical cost convention, except for the
revaluation of certain financial instruments. They have been prepared in
accordance with applicable accounting policies and are based on IFRS in issue as
adopted by the European Union and in effect at 30 June 2009.
2. Earnings per share
Basic earnings per share is calculated by dividing the retained profit
attributable to ordinary equity holders of the company by the weighted average
number of ordinary shares outstanding during the period.
+-----------------------------------------------------+---------------+---------------+
| | 12 months to | 12 months to |
| | 30 June 2009 | 30 June 2008 |
+-----------------------------------------------------+---------------+---------------+
| | GBP'000 | GBP'000 |
+-----------------------------------------------------+---------------+---------------+
| Profit for the period | 11,901 | 12,650 |
+-----------------------------------------------------+---------------+---------------+
| Weighted average number of | | |
+-----------------------------------------------------+---------------+---------------+
| ordinary shares in issue | 125,456,081 | 126,031,043 |
+-----------------------------------------------------+---------------+---------------+
| Basic and diluted earnings per share (EPS) - pence | 9.49 | 10.04 |
+-----------------------------------------------------+---------------+---------------+
The weighted average number of ordinary shares in issue excludes treasury shares
acquired during the year ended 30 June 2008 and the year ended 30 June 2009. The
total of treasury shares held at 30 June 2009 was 7,975,214; with 118,083,186
trading on AIM.
There are no dilutive share arrangements in place.
3. Reconciliation of movement in net debt
+-----------------------------------------------------+---------------+---------------+
| | 12 months to | 12 months to |
| | 30 June 2009 | 30 June 2008 |
+-----------------------------------------------------+---------------+---------------+
| | GBP'000 | GBP'000 |
+-----------------------------------------------------+---------------+---------------+
| Increase in cash and cash equivalents | 2,767 | 10,381 |
+-----------------------------------------------------+---------------+---------------+
| Debt related cash flows from financing activities | 1,500 | 1,500 |
+-----------------------------------------------------+---------------+---------------+
| Amortisation of facility fee | (50) | (75) |
+-----------------------------------------------------+---------------+---------------+
| Translation differences | 493 | 839 |
+-----------------------------------------------------+---------------+---------------+
| Movement in interest rate swaps | (765) | 787 |
+-----------------------------------------------------+---------------+---------------+
| | 3,945 | 13,432 |
+-----------------------------------------------------+---------------+---------------+
| Net debt at beginning of period | (10,671) | (24,103) |
+-----------------------------------------------------+---------------+---------------+
| Net debt at end of period | (6,726) | (10,671) |
+-----------------------------------------------------+---------------+---------------+
4.Report & Accounts for the year ended 30 June 2009
The Report & Accounts will be posted to all shareholders of the company shortly,
and will be available to download on the Company's website
(www.castlesupportservices.com).
The Report & Accounts will also be available for inspection by the public at the
registered office of the company during normal business hours on any weekday.
Further copies will be available on request from Castle Support Services plc,
Camp Hill, Birmingham, B12 0JJ.
The financial information set out above does not constitute statutory accounts
as defined in Section 434 of the UK Companies Act 2006. The consolidated balance
sheet at 30 June 2009, the consolidated income statement, the consolidated
statement of recognised income and expense, the consolidated cash flow statement
and associated notes for the year then ended have been extracted from the
group's statutory accounts for the year to 30 June 2009.
The statutory accounts for the year ended 30 June 2008 and the year ended 30
June 2009 received audit reports which were unqualified. The statutory accounts
for the period ended 30 June 2008 have been delivered to the Registrar of
Companies and did not contain a statement under section 237(2) or (3) of the
Companies Act 1985. The statutory accounts for the year ended 30 June 2009 were
approved by the Directors on 30 September 2009, but have not yet been delivered
to the Registrar of Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR WUUBPBUPBGQU
1 Year Castle Acquisitions Chart |
1 Month Castle Acquisitions Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
