30 September 2019
PHSC PLC
AGM Statement
PHSC plc ( “the Group”), a leading provider of health, safety,
hygiene and environmental consultancy services and security
solutions to the public and private sectors, is holding its Annual
General Meeting at 10.00 a.m. today
at The Old Church, 31 Rochester Road, Aylesford, Kent ME20
7PR. At the meeting, the Group Chief Executive, Stephen King, will make the following
statement:
“Management accounts are now available for the five months to
the end of August 2019. These
figures, which are unaudited and subject to amendment, show total
Group revenues of £1.79 million and EBITDA of £126,700. At
the same point in the previous year, EBITDA of £107,400 had been
generated from revenues of £2.4 million. The decrease in
revenues is attributable to the reduced sales of security systems
and accessories to the retail sector by our B2BSG Solutions
subsidiary. The increase in earnings is a reflection of lower
overheads within the Group and premises-related savings, now that
subsidiaries are consolidated into four operational premises
compared with the seven premises at this point in 2018.
The cash position remains strong at £613,000 as at 27 September
2019. Last year we reduced our banking facility with HSBC to
£150,000 and this has remained unused to date.
We expect to announce our unaudited interim results for the
period to 30 September 2019 in early
December 2019, together with detailed
commentary on individual subsidiary performances.”
For further information please
contact:
PHSC plc
Stephen
King
01622 717 700
Stephen.king@phsc.co.uk
www.phsc.plc.uk
Strand Hanson Limited (Nominated
Adviser)
020 7409 3494
Richard Tulloch/Eric Allan
Novum Securities Limited
(Broker)
020 7399 9427
Colin Rowbury
About PHSC
PHSC plc, through its trading subsidiaries Personnel Health
& Safety Consultants Ltd, RSA Environmental Health 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. B2BSG Systems Ltd offer innovative
security solutions including tagging, labelling and CCTV.
The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR").