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Pre close update

1 Jul 2010 07:00

RNS Number : 5863O
Goals Soccer Centres PLC
01 July 2010
 



Goals Soccer Centres Plc

("Goals" or "the Company")

 

 Pre close update

 

Goals Soccer Centres Plc, the UK's premier operator of next generation outdoor 5-a-side soccer centres, announces a trading update for the six months ended 30 June 2010, in advance of the release of the Company's interim results on 6 September 2010.

 

Overall sales for the six months are slightly ahead of 2009. Like for like sales were broadly flat when adjusted for the additional year on year lost revenue of £300k from the period in 2010 when centres were closed due to snow. Bar income continues to show improvement and other ancillary income (children's birthday parties and corporate events) is also showing signs of improvement following a boost in advance of the World Cup.

 

The 2006 World Cup had a significantly positive effect on trading during the second half of that year. We anticipate that the 2010 World Cup will also have a positive effect during the second half of the year but at this stage it is too early to quantify. Taking a conservative view of the potential uplift following the World Cup the Directors anticipate that the results for the year to 31 December 2010 will show continued growth and will be within the range of current market expectations, albeit towards the lower end. 

 

We are pleased to announce that we are on track to meet our site opening plan for 2010 and 2011. New centres have opened at Liverpool and Eltham in London bringing the total number of centres in the UK to 35. Four new centres are under construction at Portsmouth, Ipswich, Sunderland and Gillette Corner in London, two of which will open this month. The other two centres will commence construction shortly and will open by the year end.

 

Our pipeline of sites continues to strengthen and the condition of the UK property market continues to present Goals with opportunities. To give the Company further flexibility to take advantage of these opportunities Goals has recently increased its bank facilities with Bank of Scotland from £47m to £55m with terms broadly in line with the existing agreement.

 

The Company opened its first joint venture centre in Los Angeles, California in early June 2010. Early indications are that this will prove to be very popular.

 

1 July 2010

 

 

Goals Soccer Centres

William Gow, Finance Director

 01355 234 800

bill@goalsfootball.co.uk

KBC Peel Hunt (Nominated Adviser and Broker)

Matt Goode

020 7418 8900

Dan Webster

College Hill

Matthew Smallwood

 020 7457 2020

matthew.smallwood@collegehill.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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TSTBLGDLCDXBGGG
Date   Source Headline
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8th Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
7th Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
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3rd Aug 20127:01 amBUSForm 8.3 - Goals Soccer Centres Plc
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1st Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
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26th Jul 201210:13 amRNSForm 8.5 (EPT/RI)
26th Jul 201210:12 amRNSDirector/PDMR Shareholding
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24th Jul 20124:39 pmBUSForm 8.3 - Goals Soccer Centres Plc
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24th Jul 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
23rd Jul 20123:25 pmPRNForm 8.3 - Goals Soccer Centres Plc
23rd Jul 201212:21 pmRNSDirector/PDMR Shareholding
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23rd Jul 201211:33 amBUSForm 8.3 - Goals Soccer Centres Plc
23rd Jul 201210:50 amRNSForm 8.3 - Goals Soccer Centres Plc
23rd Jul 20127:01 amBUSForm 8.3 - Goals Soccer Centres Plc
20th Jul 20124:23 pmRNSForm 8.3 - [Goals Soccer Centres]
20th Jul 20127:55 amRNSStatement re Goals Soccer Centres Plc
20th Jul 20127:00 amRNSRecommended cash offer
19th Jul 20122:45 pmRNSForm 8.3 - Goals Soccer Centres plc
19th Jul 201211:18 amRNSForm 8.5 (EPT/RI)
18th Jul 20122:50 pmRNSForm 8.3 - Goals Soccer Centres plc
17th Jul 20123:05 pmRNSForm 8.3 -Goals Soccer Centres plc
17th Jul 201211:13 amRNSForm 8.5 (EPT/RI)
13th Jul 20123:14 pmRNSForm 8.3 - Goals Soccer Centres PLC
12th Jul 201210:26 amRNSForm 8.5 (EPT/RI)
10th Jul 201210:45 amRNSForm 8.5 (EPT/RI)
9th Jul 20129:23 amRNSExtension to deadline
6th Jul 20125:52 pmRNSDirectors Shareholding
6th Jul 20123:04 pmRNSForm 8.3 - Goals Soccer Centres PLC
5th Jul 201210:38 amRNSForm 8.5 (EPT/RI)
4th Jul 201211:25 amRNSForm 8.5 (EPT/RI)
3rd Jul 201211:11 amRNSForm 8.5 (EPT/RI)
2nd Jul 20127:59 amRNSStatement regarding press speculation
2nd Jul 20127:40 amRNSStatement re Possible Offer
28th Jun 201211:16 amRNSForm 8.5 (EPT/RI)
25th Jun 201211:44 amRNSForm 8.5 (EPT/RI)
21st Jun 201212:17 pmRNSForm 8.3 - Goals Soccer Centres Plc
21st Jun 201211:54 amRNSForm 8.5 (EPT/RI)

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