Business
Final Results for the year ended 31 October 2005
Final Results for the year ended 31 October 2005.
About this update from Spaceandpeople Plc
[{"type":"text","content":"\n \n\n\nSPACEANDPEOPLE PLC\n\nSpaceandPeople which facilitates and manages the sale of promotional space in\nmalls and shopping centres announces results for the year ending 31st October\n2005\n\nHighlights\n · Turnover up 36% to £1,408,693 (2004: £1,033,723)\n · Pre tax profits up 57% to £307,400 (2004 : £195,517)\n · Venues represented increased by 35% to 165\n · New events business successfully launched\n\nChairmans Statement\n\nSpaceandPeople celebrated its first year as an AIM quoted company by producing a\nfurther substantial rise in pre-tax profits. For the year ending 31st October\n2005, they rose 57% to £307,400 (2004: £195,517) thereby completing our third\nyear of compound growth of over 50% per annum. Year end cash stood at £671,789,\nwith net assets of £508,831\n\nThere was substantial growth across the business. The number of venues under\ncontract rose from 122 to 165; the total weekly footfall in our Centres\nincreased from 20 to 25 million; gross billings expanded by 25% from £5.9\nmillion to £7.4 million; and turnover rose from £1,033,273 to £1,408, 693\n\nDevelopment of the Business\n\nThe company established an Events side during 2005 to offer advertisers new ways\nof promoting business at high footfall venues. The first event we organised was\na Motor Show held at Meadowhall near Sheffield. The show was very successful\nand we plan to run three such shows in 2006, respectively a repeat at\nMeadowhall, and new shows at Brent Cross in North London and at Braehead in\nGlasgow. We believe that this additional aspect to our business will enable us\nto increase our rate of growth still further and we intend to extend our events\nprogramme into other appropriate themes in the coming years\n\nWe have successfully introduced our services into a number of new types of\nvenues, including gardening centres, where the comparatively long \"dwell time\"\nprovides an excellent opportunity for advertisers to reach consumers\n\nWe mentioned last year our plans to develop Live Brand Experience and expand\noverseas. I am pleased to report that sales of Live Brand Experience campaigns\nincreased by over 100% in 2005 and that we will be representing some overseas\ncentres in the coming year.\n\nDividend\nAs a result of the success in 2005, the board is proposing the payment, in March\n2005, of a final dividend of 1p per share wh...