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.
Aukett Swanke Group Plc
+44 (0)20 7843 3000
Nicholas Thompson, Chief Executive Officer
Antony Barkwith, Group Financial Director
Arden Partners Plc
+44 (0)20 7614 5900
Corporate Finance: John Llewellyn-Lloyd / Benjamin Cryer
Investor / Media Enquiries
Chris Steele – 07979 604687