PHSC Phsc Plc

 
TIDMPHSC 
 
30 September 2019 
 
                                   PHSC PLC 
 
                                 AGM Statement 
 
PHSC plc ( "the Group"), a leading provider of health, safety, hygiene and 
environmental consultancy services and security solutions to the public and 
private sectors, is holding its Annual General Meeting at 10.00 a.m. today at 
The Old Church, 31 Rochester Road, Aylesford, Kent ME20 7PR.  At the meeting, 
the Group Chief Executive, Stephen King, will make the following statement: 
 
"Management accounts are now available for the five months to the end of August 
2019. These figures, which are unaudited and subject to amendment, show total 
Group revenues of GBP1.79 million and EBITDA of GBP126,700.  At the same point in 
the previous year, EBITDA of GBP107,400 had been generated from revenues of GBP2.4 
million.  The decrease in revenues is attributable to the reduced sales of 
security systems and accessories to the retail sector by our B2BSG Solutions 
subsidiary.  The increase in earnings is a reflection of lower overheads within 
the Group and premises-related savings, now that subsidiaries are consolidated 
into four operational premises compared with the seven premises at this point 
in 2018. 
 
The cash position remains strong at GBP613,000 as at 27 September 2019.  Last 
year we reduced our banking facility with HSBC to GBP150,000 and this has 
remained unused to date. 
 
We expect to announce our unaudited interim results for the period to 30 
September 2019 in early December 2019, together with detailed commentary on 
individual subsidiary performances." 
 
For further information please contact: 
 
PHSC plc 
 
Stephen 
King 
01622 717 700 
 
Stephen.king@phsc.co.uk 
 
www.phsc.plc.uk 
 
Strand Hanson Limited (Nominated Adviser)                     020 7409 3494 
 
Richard Tulloch/Eric Allan 
 
Novum Securities Limited (Broker)                                         020 
7399 9427 
 
Colin Rowbury 
 
About PHSC 
 
PHSC plc, through its trading subsidiaries Personnel Health & Safety 
Consultants Ltd, RSA Environmental Health Ltd, QCS International Ltd, 
Inspection Services (UK) Ltd and Quality Leisure Management Ltd, provides a 
range of health, safety, hygiene, environmental and quality systems consultancy 
and training services to organisations across the UK. B2BSG Systems Ltd offer 
innovative security solutions including tagging, labelling and CCTV. 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014 ("MAR"). 
 
 
 
END 
 

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