21 Apr 2015 07:00
21 April 2015
Bilby Plc
("Bilby" or the "Company")
Pre-Close trading update
Bilby Plc (AIM: BILB.L), the holding company for P & R Installation Company Limited, a leading gas heating and building services provider, has today issued a trading update in respect of the 14 months to 31 March 2015.
The Board is pleased to confirm that trading during the period to 31 March 2015 has been in line with market forecasts and that prospects for the current year are encouraging. The Company was admitted to trading on AIM on 6 March 2015, since when the Company has won new contracts with two new local authorities and continues to extend services with a number of the existing client base.
The Company expects to announce results for the period to 31 March on 23 June 2015. These results will be the first since the Company's admission to trading on AIM. The Company will also take the opportunity to provide a further update on trading and progress on its acquisition strategy at the time of the results statement.
Enquiries
Bilby Plc 020 8300 0300
Phil Copolo, Deputy Chairman
David Ellingham, Finance Director
Charles Stanley Securities 020 7149 6000
(Nominated Adviser and Broker)
Russell Cook
James Greenwood
Hudson Sandler 020 7796 4133
(Financial PR)
Charlie Jack
Note for Editors
Bilby Plc, the holding company for P & R Installation Company Limited ("P&R"), was established to provide a platform for strategic acquisitions in the gas heating and building services industries. Bilby's first acquisition was P&R, an established and award winning provider of gas heating appliance installation and maintenance services.
P&R provides services predominately to local authorities and housing associations across London and South East England and is responsible for over 100,000 properties. The experienced management team places emphasis on the provision of a high level of service through which P&R has developed long standing relationships with its customers who include the Guinness Partnership, London & Quadrant, Gallions and the Royal Borough of Greenwich. Headquartered in Sidcup, Kent, P&R employs approximately 80 staff
Bilby plc (AIM: BILB.L), is traded on the AIM Market of the London Stock Exchange. For further information, visit www.bilbyplc.com.