Business
Trading Statement
Trading Statement.
About this update from React Group Plc
[{"type":"text","content":"\n \nRNS Number : 1030W React Group PLC 10 November 2017 \n\nREACT GROUP PLC\n \n10 November 2017\n Trading Statement\n \nThe Board of React Group PLC, the specialist provider of rapid response deep cleaning and emergency decontamination services, makes the following trading statement for the year ended 30 September 2017.\n \nThe unaudited numbers (based on management accounts) were very disappointing, with revenue of around £2.65m and a pre-tax loss of around £400,000. This loss contains circa £30,000 resulting from the closure of EPUK, which was announced in December 2016, and some other one-off other costs including those arising from the restructuring of the Board (see previous RNS notifications on 11 September, 18 September, 2 October and 27 October).\n \nThe Company's cash position at 30 September 2017 was £629,000.\n \nOver the past few months the new management team has put in place a number of significant cost savings and better overall financial controls. Trading in the second half has started to show signs of improvement and the new team is being invited to tender for more contracts than in the past. \n \nREACT Group plc\nGill Leates - Chairman 07799 662642\nSPARK Advisory Partners Limited (NOMAD)\nNeil Baldwin &...