Update on Trading, Cash and 2019 Results timing

Trading and Cash update and update on 2019 Results 

Trading update

Further to the announcement on 28 July 2020, we are pleased to announce that the Group has continued to trade well and profitably in the opening few weeks of the second half of 2020. New business remains strong and since the last update, we have been appointed by the ONS in the UK to handle the National Census to be conducted in 2021, launched both the new season English Premier League on behalf of Coca Cola and UEFA Champions League for Heineken and launched Open House a virtual training programme to accelerate the industry's ambitions to attract more diverse talent.

Cash update

The Group's balance sheet remains strong, with total cash at £56m as of 20 August 2020. The Group has a committed £36m revolving credit facility (RCF) and a £5m overdraft facility with NatWest. The RCF is fully drawn and the overdraft remains undrawn, leaving net cash of £20m.

Update on announcement of audited financial results for the year end 31 December 2019

As previously announced, we were granted a 3 month extension to the filing deadline for the audited financial results for the year ended 31 December 2019 from AIM Regulation such that we need to publish our results by the end of September 2020.

We had targeted to publish our results by the end of August, but as a result of the continued disruptions to working practices caused by the COVID-19 pandemic, the Group will now announce full year results for the year ended 31 December 2019 in September.

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For further information please call:

M&C Saatchi                                                      +44 (0)20-7543-4500
David Kershaw, Mickey Kalifa

Tulchan Communications                                +44 (0)20-7353-4200
Tom Murray

Numis Securities                                               +44 (0)20-7260-1000
Nick Westlake, Hugo Rubinstein, NOMAD
Charles Farquhar, Corporate Broking