PHSC Phsc Plc

 
TIDMPHSC 
 
29 January 2015 
 
                                   PHSC PLC 
 
                    ("PHSC", the "Company", or the "Group") 
 
                                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 up to the end of the third 
quarter of its financial year. All figures shown are per management accounts 
and unaudited. 
 
Consolidated Group sales and EBITDA for the nine months ended 31 December 2014 
were as below: 
 
Group sales and other income: GBP 5,949,808 (nine months ended 31 December 
2013: GBP 5,715,755). 
 
EBITDA: GBP 656,704 prior to acquisition staged and final earn-out payments 
(nine months ended 31 December 2013: GBP 475,378). 
 
Cash totalling GBP 563,528 has been paid in connection with final instalments 
and earn-out bonuses due under acquisition agreements (GBP 105,285 for QCS 
International Limited and GBP 458,243 for B to B Links Limited) in line with 
previous announcements. The payments came from existing cash resources. There 
are no further acquisition payments due in connection with any of the Group's 
existing subsidiaries. 
 
As at 31 December 2014 net assets stood at GBP 6,805,742 (at 31 December 2013: 
GBP 6,282,881) including cash at bank of GBP 352,573. 
 
Stephen King, CEO, said: "I am pleased that we have been able to continue with 
the positive performance that I announced in our Interim Statement. Our 
revenues are just 4% higher than they were at this stage last year, yet EBITDA 
has surged by 38%. This performance has been helped considerably by a one-off 
special project for a major client, as noted in the Interim Statement. That, 
however, does not account for all of the profit increase. We have also 
gradually improved our management controls and project delivery systems as part 
of the process of bedding in our most recent acquisitions." 
 
"As expected, December was fairly weak in terms of revenues as many clients 
took the opportunity to enjoy an extended break. However, our teams at each 
subsidiary are now working hard to ensure that the final quarter will help the 
Group deliver a strong set of results for the full year." 
 
-Ends- 
 
For further information please contact: 
 
PHSC plc 
Stephen King                               01622 717700 
Stephen.king@phsc.co.uk 
www.phsc.plc.uk 
 
Northland Capital Partners Limited 
Edward Hutton/David Hignell 020 7382 1100 
 
John Howes / Alice Lane 
 
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 
 

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