PHSC Regulatory News (PHSC)

29 January 2015 PHSC PLC ("PHSC", the "Company", or the "Group") Trading update PHSC plc, a leading provider of health, safety, hygiene and environmentalconsultancy services and security solutions to the public and private sectors,is pleased to announce an update on its performance up to the end of the thirdquarter of its financial year. All figures shown are per management accountsand unaudited. Consolidated Group sales and EBITDA for the nine months ended 31 December 2014were as below: Group sales and other income: GBP 5,949,808 (nine months ended 31 December2013: GBP 5,715,755). EBITDA: GBP 656,704 prior to acquisition staged and final earn-out payments(nine months ended 31 December 2013: GBP 475,378). Cash totalling GBP 563,528 has been paid in connection with final instalmentsand earn-out bonuses due under acquisition agreements (GBP 105,285 for QCSInternational Limited and GBP 458,243 for B to B Links Limited) in line withprevious announcements. The payments came from existing cash resources. Thereare no further acquisition payments due in connection with any of the Group'sexisting subsidiaries. As at 31 December 2014 net assets stood at GBP 6,805,742 (at 31 December 2013:GBP 6,282,881) including cash at bank of GBP 352,573. Stephen King, CEO, said: "I am pleased that we have been able to continue withthe positive performance that I announced in our Interim Statement. Ourrevenues are just 4% higher than they were at this stage last year, yet EBITDAhas surged by 38%. This performance has been helped considerably by a one-offspecial project for a major client, as noted in the Interim Statement. That,however, does not account for all of the profit increase. We have alsogradually improved our management controls and project delivery systems as partof the process of bedding in our most recent acquisitions." "As expected, December was fairly weak in terms of revenues as many clientstook the opportunity to enjoy an extended break. However, our teams at eachsubsidiary are now working hard to ensure that the final quarter will help theGroup deliver a strong set of results for the full year." -Ends- For further information please contact: PHSC plcStephen King 01622 717700Stephen.king@phsc.co.ukwww.phsc.plc.uk Northland Capital Partners LimitedEdward Hutton/David Hignell 020 7382 1100 John Howes / Alice Lane About PHSC PHSC plc, through its trading subsidiaries Personnel Health & SafetyConsultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory ServicesLtd, QCS International Ltd, Inspection Services (UK) Ltd and Quality LeisureManagement Ltd provides a range of health, safety, hygiene, environmental andquality systems consultancy and training services to organisations across theUK. B to B Links Ltd offers innovative retail security solutions includingtagging, labelling and CCTV.