Trading update

29 January 2015 PHSC PLC ("PHSC", the "Company", or the "Group") Trading update PHSC plc, a leading provider of health, safety, hygiene and environmental consultancy 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 third quarter of its financial year. All figures shown are per management accounts and unaudited. Consolidated Group sales and EBITDA for the nine months ended 31 December 2014 were as below: Group sales and other income: GBP 5,949,808 (nine months ended 31 December 2013: 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 instalments and earn-out bonuses due under acquisition agreements (GBP 105,285 for QCS International Limited and GBP 458,243 for B to B Links Limited) in line with previous announcements. The payments came from existing cash resources. There are no further acquisition payments due in connection with any of the Group's existing 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 with the positive performance that I announced in our Interim Statement. Our revenues are just 4% higher than they were at this stage last year, yet EBITDA has surged by 38%. This performance has been helped considerably by a one-off special project for a major client, as noted in the Interim Statement. That, however, does not account for all of the profit increase. We have also gradually improved our management controls and project delivery systems as part of the process of bedding in our most recent acquisitions." "As expected, December was fairly weak in terms of revenues as many clients took the opportunity to enjoy an extended break. However, our teams at each subsidiary are now working hard to ensure that the final quarter will help the Group deliver a strong set of results for the full year." -Ends- For further information please contact: PHSC plc Stephen King 01622 717700 Stephen.king@phsc.co.uk www.phsc.plc.uk Northland Capital Partners Limited Edward Hutton/David Hignell 020 7382 1100 John Howes / Alice Lane About PHSC PHSC plc, through its trading subsidiaries Personnel Health & Safety Consultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory Services 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. B to B Links Ltd offers innovative retail security solutions including tagging, labelling and CCTV.

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PHSC (PHSC)
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