28 September 2023
PHSC
PLC
("PHSC" or
the "Company")
Results
of AGM and Trading Update
PHSC (AIM:
PHSC), a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the
public and private sectors, is pleased to announce that the
resolutions proposed at its Annual General Meeting held earlier
today, as set out in the formal Notice of Annual General Meeting
dated 10 August 2023, were all duly
approved by shareholders.
Trading
Update
The Board
notes that the Company's unaudited management accounts show
revenues for the five-month period to 31
August 2023 of approximately £1.35m, compared with £1.4m for
the same period last year. The cost of sales and general overheads
were marginally lower, despite the effects of salary increases
awarded in H2 of FY23. EBITDA for the five-month period to
31 August 2023 was £139k, a modest
reduction of £5k when compared with £144k for the same period last
year. This was caused by the lower revenues not being fully offset
by reduced costs and the pay increases referred to above. A more
detailed update will be given in the interim accounts for the half
year, expected to be published in late November 2023.
For
further information please contact:
PHSC
plc
Stephen King Tel:
01622 717 700
Stephen.king@phsc.co.uk
www.phsc.plc.uk
Strand
Hanson Limited (Nominated
Adviser) Tel:
020 7409
3494
James Bellman / Matthew
Chandler
Novum
Securities Limited (Broker) Tel:
020 7399
9427
Colin Rowbury
About
PHSC
PHSC,
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. In addition, B2BSG Solutions Ltd offers 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 Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018 (as
amended).