PHSC Regulatory News (PHSC)

15 May 2014 PHSC PLC Trading Update PHSC plc ("the Group"), a leading provider of health, safety, hygiene andenvironmental consultancy services and security solutions to the public andprivate sectors, is pleased to announce an update on its performance for thefinancial year ended 31 March 2014. These indicative figures are per management accounts, currently unaudited. Consolidated Group revenue for the period was around GBP 7.6m representing anincrease of approximately 30% over what was achieved during the previous year(GBP 5.8m). EBITDA was around 22% higher than the previous year at GBP 0.73m, compared withGBP 0.60m last year. Net assets were approximately GBP 6.4m, including cash of GBP 0.71m. Stephen King, CEO, said: "Subject to the outcome of the financial audit, theBoard is pleased to be able to report a further improvement in revenues andprofitability year-on-year. The outcome is in line with our managementbudgeting. We have benefitted from full year contributions from our two mostrecent acquisitions (QCS International Limited and B to B Links Limited) andthe legacy health and safety businesses have broadly performed in line withexpectations. "Bank balances are substantially higher than at this time last year, bolsteredby a share placing last autumn that generated GBP 480,000 after expensesfollowed by improved cash flow from trading activities. Final instalmentsrelated to the two acquisitions mentioned above fall due during Q2 of 2014/15.These sums cannot be calculated until the end of the respective earn-outperiods. If performance is sustained at recent levels for the remainder of theperiod, final payments would total around GBP 425,000. Our cash flow forecastindicates that these payments can be met from existing bank balances withoutadversely affecting the cash requirements of normal trading activities. "More details about individual subsidiary performances will be given at thetime of our Preliminary Announcement of Results, expected in the middle of July2014." For further information please contact: PHSC plcStephen King 01622 717700Stephen.king@phsc.co.ukwww.phsc.plc.uk Northland Capital Partners Limited(Nominated Adviser & Broker)Edward Hutton / Gavin Burnell / Lauren Kettle 020 7382 1100John Howes / Alice Lane (Broking)