TIDMPHSC 
 
7 September 2015 
 
                                   PHSC PLC 
 
                      ("PHSC", the "Company" or "Group") 
 
                            Pre-AGM Trading Update 
 
PHSC plc, 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 ahead of its AGM due to be 
held today. At that meeting the Group Chief Executive, Stephen King, will be 
commenting on the Group's performance for the period to the end of July 2015. 
 
The conclusion of the two large contracts mentioned in the Annual Report and 
Accounts has led to an expected reduction in sales in the early part of the 
current financial year. Unaudited consolidated Group sales (and other income) 
per management accounts for the four months to 31 July 2015 were GBP2,129,500 
(GBP2,292,000 for the same period last year) with EBITDA of GBP66,351 (2014: 
GBP216,000). Cash at bank as at 31 July 2015 increased to GBP855,000 (2014: 
GBP706,000). 
 
CEO Stephen King, commenting on Group performance, said: "Management are 
continuing to focus on replenishing the order book, and filling the spare 
capacity caused by some large orders having been completed.  Good progress has 
been made, and we have a number of promising opportunities in the pipeline. Our 
B to B Links Limited subsidiary has recently secured new CCTV installations to 
a value exceeding GBP500,000 and these works are now in progress. Our QCS 
International Limited subsidiary, specialising in quality systems auditing and 
training, will generate additional income from advising on major changes to 
quality standards that come on stream later in the year. In tandem with efforts 
to increase revenues, each subsidiary is considering whether reductions to the 
cost base can be accommodated.  Cash reserves are higher than for the 
corresponding period last year, and we do not have the same cash flow pressures 
because there are no further acquisition payments due in respect of any of our 
existing subsidiaries. 
 
We have been made aware of several businesses that are available for 
acquisition, and evaluate each one to establish whether a purchase would be in 
shareholders' interests.  Whilst some discussions are ongoing, there is nothing 
concrete to report at this stage. 
 
I will expand on individual subsidiary performance when I report on our interim 
results at the end of November 2015. 
 
For further information please contact: 
 
PHSC plc 
Stephen King 
                                             01622 717700 
Stephen.king@phsc.co.uk 
 
http://www.phsc.plc.uk/ 
 
Sanlam Securities UK Limited (Nominated adviser and broker) 
        020 7628 2200 
Lindsay Mair/James Thomas 
 
About PHSC 
 
PHSC plc, through its trading subsidiaries Personnel Health & Safety 
Consultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory Services 
Ltd, QCS International Ltd, Inspection Services (UK) Ltd and Quality Leisure 
Management Ltd provides a range of health, safety, hygiene, environmental and 
quality systems consultancy and training services to organisations across the 
UK. B to B Links Ltd offers innovative retail security solutions including 
tagging, labelling and CCTV. 
 
 
 
END

(END) Dow Jones Newswires

September 07, 2015 02:00 ET (06:00 GMT)

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