GCO Green Comp

TIDMGCO

RNS Number : 2524G

Green Compliance PLC

06 May 2014

6 May 2014

Green Compliance PLC

("Green Compliance" or the "Group")

Trading Update

Successful realignment of the business

Strong Organic Growth in Water business

The Board is pleased to confirm that the Group finished the year to 31 March 2014 in line with management expectations.

The Group completed a successful refinancing during the year which, coupled with the divestment of its pest control and fire services divisions, has allowed it to exit the year completely focussed on its water hygiene and treatment business.

The Water business is now a national one stop water management company offering all forms of water treatment, water hygiene, including Legionella control, water risk assessments, and water conservation projects such as rain water capture and grey water re-use.

The Board is pleased to report that following the difficult start to the financial year the second half of the year, post re-financing and following the strategic realignment, has seen a ten percent growth in its Water revenue over the first half of the year. The Group has also renewed several significant Water treatment contracts in this period.

The Board believe that this business provides shareholders with a focus which can be best managed into a profitable platform for growth and looks forward to the coming year on a stable well financed basis from which further progress in the UK Water market can be made.

The Board also recognises that the Group has a breadth and depth of experience and knowledge in its staff that is second to none in the industry and would like to thank them all for their continued support, hard work and efforts in driving the business forward.

The Board expects to release preliminary results for the year ended 31 March 2014 in June 2014.

Enquiries:

 
Green Compliance plc 
 Bob Holt, Chairman and Chief Executive    Tel: +44(0)7778 798 816 
 Richard Hodgson, Chief Operating          Tel: +44(0)7880 787 924 
 Officer 
N+1 Singer (Nominated Adviser            Tel: +44(0)20 7496 3000 
 and Broker) 
 Andrew Craig 
 Ben Wright 
Gable Communications Limited             Tel : +44(0) 20 7193 7463 or +44(0) 
 John Bick/Justine James                  7872 061007 
                                          Email: gco@gablecommunications.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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