Presentation of results for the year ended 31 March 2014
Financial Highlights
- Strong revenue growth to £43.2 million
- up 33% on a pro rata basis (15 months to 31 March 2013: £40.5 million)
- Significantly increased profit of £2.3 million
- up £2.2million on a pro rata basis (15 months to 31 March 2013: £0.1million)
- Trading* earnings per share of 6.51 pence
- up 121% on a pro rata basis (15 months to 31 March 2013: 3.68 pence)
- Net debt of £8.3million (2013: £8.5million), a significant improvement in net debt to trading EBITDA ratio
- 1.5:1 at 31 March 2014 from 2.6:1 on a pro rata basis at 31 March 2013
- New committed UK banking and borrowing facilities of £14.2 million
- increased headroom
- extended debt maturity profile
- lower cost
We hold the following certifications: ISO 9001, ISO 14001, ASME N, ASME NPT, ASME NS, and HSB PED H1. We are also NQA-1 compliant.
