AUKETT SWANKE GROUP PLC

Business and Financial Review • Nov 9, 2020

National Storage Mechanism | Additional information

RNS Number : 6415E

Aukett Swanke Group PLC

09 November 2020

9 November 2020

Aukett Swanke Group Plc

Trading Update

Aukett Swanke Group Plc ("the Group"), the international group of architects, interior designers and associated engineers is pleased to provide the following update in respect of the financial year ended 30 September 2020.

The Group returned to profitability in the first half. However, Covid-19 has impacted the second half year such that the Group now expects to report a small loss for the full year, subject to any material audit adjustments.

Cash management has been strong with cash balances at 30 September 2020 of £992,000 (2019: £1,145,000). After deducting the final balance due on the Group's long-term loan, net funds increased to £837,000 (2019: £820,000).

Whilst the Board is comfortable with the Group's response to the ongoing pandemic, in terms of cost containment, it remains cautious on the pace and scale of future projects. 

The Group expects to release the audited results for the year ended 30 September 2020 during January 2021.

Enquiries

Aukett Swanke Group PLC - 020 7843 3000

·      Nicholas Thompson, Chief Executive Officer

·      Antony Barkwith, Group Finance Director

Arden Partners Plc 020 7614 5900

·      Corporate Finance: John Llewellyn-Lloyd/Benjamin Cryer

Investor /Media Enquiries

·      Chris Steele - 07979 604687

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTGRBDBXSGDGGC