RE: ITM6 Nov 2018 07:26
£90m mcap ish:
The current financial year ending 30 April 2019 has started well and we continue to expect another year of significant financial progress for the Company. As has been the case in previous years, revenue is expected to be weighted towards the second half of the year. Underlying performance of project delivery remains on track. The Company's financial position is strong with £16.9m of cash and £1.7m of cash on guarantee. Debtors less creditors stand at £8.4m, making a total of cash and cash receivables of £27.0m.
The Group currently has £27.6m under contract and a further £6.7m in the final stages of negotiation, constituting a total pipeline of £34.3m, representing an increase of £3.7m since the full year results announced on 13 August 2018. The non-contracted tender opportunity pipeline currently stands at £200m.