8 Mar 2017 14:17
Management Resource Solutions plc
8 March 2017
Update on release of Audited Financial Statements and Interim Results
The difficulties caused by the destruction of documentation and the disruptive effect of the termination of the two problem contracts have continued to delay the finalisation of the Annual Report for the year ended 30 June 2016. The directors confirm that they will release the results at the earliest possible opportunity, which they recognise is in everyone's interests.
As the work of finalising the 2016 Annual Report has been progressing, preparation of the Interim Statement to 31 December 2016 has been proceeding in tandem. Interim results are always unaudited, but, on this occasion, the Directors have elected to ask our Auditors to carry out a review of the Interim Statement and their report (which does not constitute an audit) will be included when the results are released, which will be by 31 March 2017.
For further information:
Management Resource Solutions PLC c/o FTI +44 (0)20 3727 1000
Murray d'Almeida, Chairman
Joe Clayton, Chief Executive
Northland Capital Partners Limited +44 (0)203 861 6625
(Nominated Adviser and Joint Broker)
Tom Price
Gerry Beaney
Peterhouse Corporate Finance Limited +44 (0)20 7469 0932
(Joint Broker)
Charles Goodfellow
Lucy Williams
FTI Consulting +44 (0)20 3727 1000
Edward Westropp
Emilie O'Herne
Management Resource Solutions (MRS), through its subsidiaries Bachmann and MRS Services Group, offers plant hire, equipment repair, refurbishment and fabrication, mine rehabilitation, earthmoving, road construction and other support services to a wide base of private and public sector clients in Australia. MRS caters predominately to the mining, civil engineering, construction and infrastructure industries.