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On 21 March 2023, SpaceandPeople plc issued a pre-close trading update for the year ended 31 December 2022. The Group reported unaudited FY22 revenue of approximately £5.5 million. As of 31 December 2022, the Group had £1.9 million in cash, £1.5 million in term loans, and £0.7 million in undrawn bank facilities, resulting in cash headroom of £2.6 million. SpaceandPeople expects to announce its FY22 results during the week commencing 1 May 2023.
| Date | 21 Mar 2023 |
| Time | 07:00:02 |
| Category | Trading updates |
| ID | 5860T |
21 March 2023
SpaceandPeople plc
("SpaceandPeople" or the "Group")
Trading update
SpaceandPeople, (AIM:SAL) the retail, promotional and brand experience specialist, today issues a
pre-close trading update for the year ended 31 December 2022 ("FY22").
The Board is pleased to report that trading during the second half of 2022 was strong, with total unaudited revenue for FY22 being in line with market expectations, being approximately £5.5m.
As at 31 December 2022, the Group had cash of £1.9 million (31 December 2021: £1.4 million) with
£1.5 million of term loans (2021: £1.8 million) and undrawn bank facilities of £0.7 million (2021: £0.7
million). Therefore, cash headroom at 31 December 2022 was £2.6 million (2021: £2.2 million).
Trading momentum has continued in early 2023 in both the UK and Germany despite rail strikes and the Board looks forward to continued increases in revenue and profitability for the year.
The Group expects to announce its FY22 results during the week commencing 1 May 2023.
Contact details:
SpaceandPeople Plc 0845 241 8215
Nancy Cullen, Gregor Dunlay
Zeus Capital Limited (Nominated Adviser and Broker) 0203 829 5000
David Foreman, Jamie Peel, Ed Beddows