Interim Results
Premier Management Holdings PLC
30 October 2006
PREMIER MANAGEMENT HOLDINGS PLC
Interim results for the six months ended 31 July 2006
Premier Management Holdings plc (the 'Company'), the AIM-listed football agency
presents interim results for the six months ended 31 July 2006.
Key points
• Operating profit of £25,613 (2005: £103,000 loss) on turnover of
£64,000 (2005: £8,000).
• Positive outlook for trading for the rest of the year
• Opportunities to increase the size and range of services of the
Company still being pursued
Barry Gold, Chairman, said today:
'We continue to look at opportunities to increase the size and range of services
of the Company and we remain positive over the prospects for the remaining
business and the chance of adding to it.'
For further enquiries contact:
Barry Gold (Chairman - Premier Management Holdings plc) - Tel: 07768 948928
Richard Evans (Nominated Adviser - Brewin Dolphin Securities Ltd) - Tel: 0845
270 8602
Chairman's Statement
I am pleased to report an operating and pre-tax profit for the six month period
to 31st July 2006 on an increased turnover, over the same period of last year.
Operating profit was £25,613 (2005: £103,000 loss) on a turnover of £64,000
(2005: £8,000).
We expect to do some business not only in the January transfer window, but also
in our role as the Manager's Manager in the period up to the end of the calendar
year. We continue to look at opportunities to increase the size and range of
services of the Company and we remain positive over the prospects for the
remaining business and the chance of adding to it.
I am once again very grateful to our Finance Director, Gerry Desler, who
continues to work long hours for the Company, many of which are unpaid, and to
our advisors, who have been supportive and helpful once again.
Barry Gold
Chairman
30 October 2006
Unaudited Profit and Loss Account
For the six months ended 31 July 2006
Six months to Six months to Year ended
31 July 31 July 31 January
2006 2005 2006
Unaudited Unaudited Audited
£'000 £'000 £'000
Turnover 64 8 92
Cost of sales (23) (5) (27)
Gross profit 41 3 65
Other administration expenses (15) (106) (92)
Operating profit (loss) 26 (103) (27)
Interest receivable and similar income - 1 1
Interest payable and similar charges (11) (1)
Profit/(loss on ordinary activities before taxation 15 (103) (28)
Taxation - - -
Retained profit/(loss) for the period 15 (103) (28)
(Loss)/earnings per share Pence Pence Pence
Basic (loss)/earnings per ordinary share 0.03 (0.16) (0.04)
All amounts are derived from continuing operations and the total recognised
gains or losses for the period is the same as the retained profit/(loss) for the
period
Unaudited Consolidated Balance Sheet
As at 31 July 2006
As at As at As at
31 July 31 July 31 January
2006 2005 2006
Unaudited Unaudited Audited
£'000 £'000 £'000
Fixed assets
Tangible assets - 1 -
- 1 -
Current assets
Debtors 285 182 249
Cash at bank 14 132 15
299 314 264
Creditors: amounts falling due within one year (552) (780) (423)
Net current (liabilities)/assets (253) (466) (159)
Total assets less current liabilities (253) (465) (159)
Creditors: amounts falling due after more than one
year (1,622) (1,797) (1,732)
Total assets less liabilities (1,875) (2,262) (1,891)
Capital and reserves
Share capital 657 657 657
Share premium 2,855 2,855 2,855
Retained losses (5,426) (5,813) (5,442)
Own shares held (4) (4) (4)
Capital redemption reserve 43 43 43
Equity shareholders' deficit (1,875) (2,262) (1,891)
Unaudited Consolidated Cash Flow statement
For the six months ended 31 July 2006
Six months to Six months to Year ended
31 July 31 July 31 January
2006 2005 2006
Unaudited Unaudited Audited
£'000 £'000 £'000
Net cash movement on operating activities (1) (9) (18)
Return on investments
Interest received - 1 -
Interest paid - (1) (1)
- - (1)
Capital expenditure
Receipts on disposal of tangibles - - -
Payments to acquire tangible assets - - -
- - -
Acquisitions and disposals
Payment to acquire subsidiary undertaking - - -
Net cash movement before management of liquid
resources and financing (1) (9) (19)
Financing
Issue of ordinary shares - - -
Capital element of hire purchase contracts - - -
Payment for other loans - - (106)
Decrease in cash in the period (1) (9) (125)
Notes
The results for the six months ended 31 July 2006 are unaudited and have not
been reviewed by the auditors. They have been prepared on accounting bases and
policies that are consistent with those used in the preparation of the audited
financial statements of the company for the year ended 31 January 2006.
The financial statements contained in this report do not constitute statutory
accounts within the meaning of Section 240 of the Companies Act 1985. The
results for the year ended 31 January 2006 were reported on by the Auditors and
received an unqualified audit report. Full accounts for the year ended 31
January 2006 have been delivered to the Registrar of Companies.
The interim statement will not be posted to shareholders. Copies of the interim
statement can be obtained from the company by writing to the Company Secretary
at 140B, High Street, Ongar, Essex, CM5 9JH.
ENDS
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