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JSJS Designs PLC (JSJS)

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Monday 23 January, 2012

JSJS Designs PLC

Final Results

RNS Number : 9537V
JSJS Designs PLC
23 January 2012
 



JSJS DESIGNS PLC

("JSJS" or "the Company")

(AIM: JSJS)

 

Preliminary Final Results for the Year Ended 30th September 2011

 

The Board of JSJS the provider of innovative home automation technologies, announces today Final Results for the year ended 30th September 2011.

 

CORPORATE HIGHLIGHTS

 

-     A transitional period which has seen the Company's portfolio of eco-money household applications move from development to market phase.

 

-     Successful placing of approximately £1 million (gross) (29th September 2011 - £500,000 and 17th October 2011 - £500,000).

 

-     Initial three year re-selling contract with Electrium, under the Siemens brand, with £300,000 royalty payment upon receipt of first order from Kingfisher Group received in October 2011.

 

-     Company joins EU-funded international collaboration project to introduce an energy independent wireless door handle locking system.

 

-     Our Distributor in Thailand has secured the supply of LightwaveRF products with Thailand's largest property developer, Pruska Real Estate public Limited, expected to have a value of    circa £150,000, in the first half of 2012.

 

-     Board reorganised and strengthened.

 

I am pleased to report on my first set of Final Results for the Company, a period which has seen me move from an independent shareholder to Chairman,and then Chairman and Chief Executivecombined. John Shermer and John Sinclair, both founders of the Company,remain integral in theday to day operations and are now wholly focused on further product development and market roll-out.

 

The period under review has seen JSJS evolve from a Radio Frequency technologies development phase, through our acclaimed brand LightwaveRF, to a market phase now trading through a number of key distribution channels including an exclusive agreement with the Kingfisher Group (which includes B&Q); Response Electronics Limited, the UK's leading supplier of self-installed Intruder Alarms; MCC Group Limited, an Apple premium reseller; and our website at www.jsjsdesigns.com.

 

Contacts:




JSJS Designs Plc

www.jsjsdesigns.com

Mike Lord, CEO

+44 (0) 1902 500 562 



WH Ireland Limited

www.wh-ireland.co.uk

Marc Davies / Mike Coe (Corporate Finance)

+44 (0) 117 945 3470

Sebastian Wykeham / Ruari McGirr (Corporate Broking)

+44 (0) 20 7220 0473



Yellow Jersey PR

www.yellowjerseypr.com

Dominic Barretto

Harry Fielder

+44 (0) 7768 537 739

+44 (0) 7747 788 221

 

The Company confirms that the Annual Report and Accounts for the year ended 30 September 2011 will be sent to shareholders and will be available on the Company's website: www.jsjsdesigns.com



CHAIRMAN & CHIEF EXECUTIVE OFFICER REPORT

 

Financials

 

The Company's financials for the period under review reflect expenditure on product development with the build-up in resources required to enter the market phase. Although this was a period which saw minimal commercial revenues, the Company can now move into 2012 in a financially robust, re-energised and re-aligned position with key contracts in place and products in the market.

 

Turnover for the period was £2,219,891 (2010: £443,854) and gross profit margin was 4.4% (2010: 0.8%). Loss before tax was £869,197 (2010: £853,124). Cash at bank stood at £14,409 at year end (2010: £139,927). Total assets at the year-end were £ 860,090 (2010: £617,000). The loss before tax in the year, as previously stated, was instigated by high operating costs whilst receiving only basic revenues, as the business completed its first phase of product development and preparation to launch to market.

 

As previously announced, the Company raised £1 million (gross).  The placing was split into two tranches; the Firm Placing (29th September 2011) and the Conditional Placing (17th October 2011), both at a placing price of 1 pence per Ordinary Share. The Firm Placing consists of the placing of 50,000,000 Ordinary Shares and the Conditional Placing consists of the placing of 50,000,000 Ordinary Shares. The Directors of the Company now hold 47.2 per cent of the Company's issued Ordinary Shares, reflecting continued belief and support in the Company's future.

 

Operating & Product Review

 

The JSJS product portfolio now extends to over 75 devices operating through the LightwaveRF protocol. The Company's leading edge Radio Frequency product range, through LightwaveRF, now addresses the core issue facing UK households and businesses - cost and energy saving. Through our product range consumers can remotely operate and control lighting, heating, air conditioning and security through their smartphones and the Cloud in order to ensure settings are at an optimum, limiting time, energy output and day to day costs.

 

Now the Company has an established product range, focus and effort has been centred on the development of JSJS' distribution channels.  In the period, the Company made significant headway through its initial three year licensing agreement with Electrium Sales Limited, the UK consumer electronics division of Siemens AG. Under the terms of this agreement, JSJS will receive a royalty based on sales achieved by Siemens over the life of the contract including an advance of £300,000 upon receipt of the first order from Kingfisher Group paid shortly after the year end.

 

As announced in April, JSJS is now part of an international project to introduce to the UK an innovative locking system, which is energy independent and secured wirelessly by radio-frequency identification (RFID). The locking system uses kinetic energy generated by moving the door handle and the system generates its own power, without the need for batteries, thus reducing maintenance costs and carbon emissions. JSJS secured the contract after a profiling exercise by BtOG (Bridging the Opportunity Gap), which was set up in 2009 to identify potential EU-funding opportunities for regional SMEs, and the West Midlands European Service, formerly known as EU Connects.

 

In June this year JSJS announced that Energy Innovation Co. Ltd, its exclusive distributor for Thailand, had been awarded a contract with Thailand's largest property developer, Pruska Real Estate public limited. Energy Innovation will initially be supplying the LightwaveRF products into an exclusive range of high rise condominiums comprising 298 apartments with the prospect of more coming on-stream in the near future.  JSJS expects to supply products to meet the initial demand, which is expected to have a value of circa £150,000, in the first half of 2012.

 

As part of an update in September, JSJS announced a number of commercial initiatives converted since the Company's half year results to 31 March 2011. Response Electronics Limited, the UK's leading supplier of self-installed Intruder Alarms, took delivery of its first stocking order of £20,000 to service its online sales operation. With Response Electronics' staff now fully-trained and ready to support the sales force, it intends to market the full JSJS product range to its 200,000 plus database of existing customers as well as to the general public through www.responseelectronics.com

 

 In addition, MCC Group Limited, an Apple premium reseller, installed point of sale displays into its first two stores. JSJS products are now available at its outlets in Chester and Stoke, with sales already secured ahead of planned promotional activities earmarked for the autumn.

 

The Board was also pleased to note that web sales through the Company's own website www.jsjsdesigns.com; whilst comparatively small show significant take-up, reflecting a growing level of interest in JSJS' products in what is a busy marketplace.

 

Outlook

 

I would like to take this opportunity to thank not only shareholders who supported the capital raising and continue to have belief in the Company's leading-edge technology, but also the team who have worked tremendously hard during a period of evolution.

 

It has been a period of progression at JSJS; one which has seen the development of the Company in terms of product portfolio, partner distribution agreements, a successful capital raising and move into the market phase.

 

Significant effort has been made to build a complementary network of distribution channels, both directly and with partners in contact with consumers, electrical wholesalers and contractors to house builders, e-tailers, heating and kitchen trade distributors in the UK, and also to establish international opportunities.  The Company hopes to add consistent underlying sales as well as further major blue chip contract wins during 2012.

 

 

 

Mike Lord

Chairman & CEO

 

18 January 2012



PRODUCT REVIEW

 

The JSJS product portfolio now extends to over 75 devices operating through the LightwaveRF protocol. The Company's leading edge Radio Frequency product range, through LightwaveRF, now addresses the core issue facing UK households and businesses - cost and energy saving. Through our product range consumers can remotely operate and control lighting, heating, air conditioning and security through their smartphones and the cloud in order to ensure settings are at an optimum, limiting time, energy output and day to day costs.

 

Lighting and Electrical

The first phase of JSJS' new product range roll-out was completed in July 2011, with the introduction of the wifi link.  This product enables remote access to the Company's range of lighting and electrical products, and are now available at Kingfisher owned B&Q stores nationwide, in addition to a series of key e-tailers.  The JSJS products cover a variety of sockets, switches, light bulbs and mood lighting controls which can be operated either by remote controls within the home,  and/or by smartphones or web applications away from home.  This is supported by our LightwaveRF cloud based control centre - allowing users to manage their home environment using both pre-set timers or event triggers in the cloud, or by interaction through any smartphone on the go.

 

Eco Monitors

Phase two of the Company's product development has focused on eco monitoring, and the eco monitor was successfully launched during the financial year and allows consumers to gauge power consumption in their home in real time. The product brings to the market the ability for consumers to monitor energy output from their smartphones and web-based applications. 

 

We are also working on the monitoring of power generated by PV panels, allowing the best possible use of energy generated within the home environment.  We expect these products to continue to be sought by consumers who are hit by rising energy costs, or those focused on environment concerns. 

 

Heating

Phase two of the LightwaveRF product rollout also saw the introduction of a new heating control product; an Inline Relay switch, enabling consumers to remotely control household heating boilers, anywhere and at any time through LightwaveRF. This innovative product again reduces energy wastage generated by pre-set heating timers when used in conjunction with the Lightwave RF Radiator Thermostats available in B&Q stores and various e-tailers nationwide.

 

Home Alert

Looking ahead, the Company's next area of focus will be on a range of home security products and devices, allowing users to set certain criteria by which they can be alerted as to activity throughout the household.

 

LightwaveRF Cloud Base

Significant investment has been made during the period to develop a user-friendly dashboard for LightwaveRF customers. LightwaveRF now carries a built in Cloud-based technology to give consumers information on select aspects of their home at a glance, as well as to set up scenarios for heating, lighting and home security.  The Cloud-based approach has allowed the Company to develop a range of products at a significantly lower cost compared to competitors. This has been achieved by removing the processing power from a home based system, to the Cloud by using the wifi link as a gateway point. 

 

As we move forward, the Company anticipates  developing licences for third parties to use the Company's cloud technology as well as Lightwave RF protocol within the home to access the wifi link.  Through this we hope to expand our range of household appliances and devices which can be controlled and monitored via the LightwaveRF Cloud. Further information on LightwaveRF is at www.lightwaverf.com 



CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 30 SEPTEMBER 2011

 

CONTINUING OPERATIONS

Notes

Year ended

Year ended



30-Sep-11

30-Sep-10




Restated



£

£





REVENUE


 2,219,891

 443,854

Cost of Sales


(2,121,656)

(440,328)





GROSS PROFIT


 98,235

 3,526





Other operating Income


 -  

 75,000





Administrative expenses


(959,501)

(923,550)





LOSS ON OPERATIONS


(861,266)

(845,024)





Finance expense


(7,942)

(8,132)

Finance income


12

33





LOSS FOR THE YEAR BEFORE INCOME TAX


(869,196)

(853,123)





Tax charge/(credit) on loss on ordinary activities


 -  

( 27,518)





LOSS FOR THE YEAR FROM CONTINUING OPERATIONS ATTRIBUTABLE TO EQUITY SHAREHOLDERS OF THE PARENT


(869,196)

(825,605)





OTHER COMPREHENSIVE INCOME


-

-





LOSS AND TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO EQUITY SHAREHOLDERS OF THE PARENT


(869,196)

(825,605)













Basic & Diluted loss per share

2

0.341p

0.366p

 

 

 

                                                                                   



GROUP STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2011

                                                                                                                       


Year ended

Year ended


30-Sep-11

30-Sep-10


£

£

ASSETS



Non-current assets



Property, plant & equipment

 3,625

 11,375





 3,625

 11,375

Current Assets



Inventories

 276,231

 -  

Trade & Other Receivables

 565,825

 465,698

Cash and cash equivalents

 14,409

 139,927





 856,465

 605,625




TOTAL ASSETS

 860,090

 617,000




Equity & Liabilities






Equity



Issued share capital

 305,233

 252,533

Unissued share capital

 5,000

 50,000

Share premium account

 1,593,067

 1,149,267

Reverse acquisition reserve

(100,616)

(100,616)

Retained Losses

(2,509,931)

(1,640,735)




Total Equity

(707,247)

(289,550)




Current liabilities



Trade & other payables

 1,567,337

 806,551

Short term borrowings

-

 100,000




Total current liabilities

 1,567,337

 906,551




Total Equity & Liabilities

 860,090

 617,000

 



COMPANY STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2011

 


Year ended

Year ended


30-Sep-11

30-Sep-10


£

£

ASSETS



Non-current assets



Investments

 100,620

 100,620





 100,620

 100,620

Current Assets






Other Receivables

 1,490,725

 849,152

Cash at cash equivalents

 72

 138,204





 1,490,797

 987,356




TOTAL ASSETS

 1,591,417

 1,087,976




Equity & Liabilities






Equity



Issued share capital

 305,233

 252,533

Unissued share capital

 5,000  

 50,000

Share premium account

 1,593,067

 1,149,267

Retained Losses

(588,976)

(421,175)




Total Equity

 1,314,324

 1,030,625




Current liabilities



Trade & other payables

 277,093

 57,351




Total Current liabilities

 277,093

 57,351




Total Equity & Liabilities

 1,591,417

 1,087,976

 



GROUP STATEMENT OF CASHFLOWS

YEAR ENDED 30 SEPTEMBER 2011

 


Year ended

Year ended


30-Sep-11

30-Sep-10



Restated


£

£




Cash flow from operating activities



Loss before tax

(869,197)

(853,123)




Adjusted for:



Depreciation

 3,750

 4,875

Loss on disposal of property, plant and equipment

 4,000

 -  

Investment income

(12)

(33)

Interest expense

 7,942

 8,132

Other Operational Income

 -  

(75,000)

Increase in inventories

(276,231)

 -  

Decrease/(increase) in trade and other receivables

351,373

(426,875)

Increase in trade and other payables

 660,787

 595,070







Cash absorbed by operations

(117,588)

(746,954)




Finance costs

(7,942)

(8,132)

Other operational Income

 -  

 75,000

Income tax

 -  

 27,518





(125,530)

(652,568)




Cash flows from investing activities



Purchase of property, plant & equipment

 -  

(3,000)

Finance revenue

 12

 33





 12

(2,967)




Cash flows from financing activities



Proceeds from issue of shares

-

 790,000

Expenses of share issues

-

 -  





-

 790,000




Net (decrease) / increase in cash and cash equivalents

(125,518)

 134,465




Cash and cash equivalents at 1 October 2010

 139,927

 5,462




Cash and cash equivalents at 30 September 2011

 14,409

 139,927

 



COMPANY STATEMENT OF CASHFLOWS

YEAR ENDED 30 SEPTEMBER 2011

 

 


Year ended

Year ended


30-Sep-11

30-Sep-10



Restated


£

£




Cash flow from operating activities



Loss before tax

(167,800)

(172,060)




Adjusted for:



Investment income

(12)

(26)

Interest expense

 62

 34

Increase in trade and other receivables

(190,074)

(533,811)

Increase in trade and other payables

 219,742

 23,778

Unissued share capital

 -  

 30,000




Cash absorbed by operations

(138,082)

(652,084)




Finance costs

(62)

(34)





(138,144)

(652,118)




Cash flows from investing activities



Finance revenue

 12

 26





 12

 26




Cash flows from financing activities



Proceeds from issue of shares

-

 790,000

Expenses of share issues

-

 -  





-

 790,000




Net (decrease) / increase in cash and cash equivalents

 

(138,132)

 

(137,908)




Cash and cash equivalents at 1 October 2010

 138,204

 296




Cash and cash equivalents at 30 September 2011

 72

 138,204



STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2011

 

GROUP

 Issued 

 Unissued


 Reverse

 Retained



 Share 

 Share

 Share

 Acquisition

 Earnings/

 Total


 Capital 

 Capital

 Premium

 reserve

 (Losses)

 Equity


£

£

£

£

£

£








 As at 1st October 2010

 252,533

 50,000

 1,149,267

(100,616)

(1,640,735)

(289,551)















 Loss for the year and total comprehensive income

  -   

 -  

 -  

  -   

(869,196)

(869,196)

 Shares Issued

 52,700

(45,000)

 443,800

  -   

  -   

 451,500








 As at 30th September 2011

 305,233

5,000  

 1,593,067

(100,616)

(2,509,931)

(707,247)

 

 

COMPANY

 Issued 

 Unissued


 Reverse

 Retained



 Share 

 Share

 Share

 Acquisition

 Earnings/

 Total


 Capital 

 Capital

 Premium

 reserve

 (Losses)

 Equity


£

£

£

£

£

£








 As at 1st October 2010

 252,533

 50,000

 1,149,267

 -  

(421,175)

 1,030,625















 Loss for the year and total comprehensive income

  -   

 -  

 -  

  -   

(167,801)

(167,801)

 Shares Issued

 52,700

(45,000)

 443,800

  -   

  -   

 451,500








 As at 30th September 2011

 305,233

 5,000  

 1,593,067

 -  

(588,976)

1,314,324

 



STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2010

 

 

GROUP

Issued

Unissued


Share

Reverse

Retained



Share

Share

Share

Based

Acquisition

Earnings

Total


Capital

Capital

Premium

Payment

reserve


Equity


£

£

£

£

£

£

£









 As at 30th September 2009

 200,000

 20,000

 411,800

 -  

(100,616)

(815,130)

(283,946)









Loss for the year and total comprehensive income

-

-

-

-

-

(825,605)

(825,605)

 Shares Issued

 52,533

 -  

 737,467

 -  

 -  

 -  

 790,000

 Shares Unissued

 -  

 30,000

 -  

 -  

 -  

 -  

 30,000









 As at 30th September 2010

 252,533

 50,000

 1,149,267

 -  

(100,616)

(1,640,735)

(289,551)

 

          

COMPANY

Issued

Unissued


Share

Retained



Share

Share

Share

Based

Earnings

Total


Capital

Capital

Premium

Payment


Equity


£

£

£

£

£

£








 As at 30th September 2009

 200,000

 20,000

 411,800

 -  

(249,117)

 382,683








Loss for the year and total comprehensive income

--

-

-

-

(172,058)

(172,058)

 Shares Issued

 52,533

 -  

 737,467

 -  

 -  

 790,000

 Shares Unissued

 -  

 30,000

 -  

 -  

 -  

 30,000








 As at 30th September 2010

 252,533

 50,000

 1,149,267

 -  

(421,175)

 1,030,625

 

 

                

NOTES

 

1.  Basis of Preparation

 

The principal accounting policies adopted in the preparation of the financial statements are set out below.  The policies have been consistently applied to all the years presented unless otherwise stated.

 

These financial statements have been prepared using recognition and measurement policies that are consistent with International Financial Reporting Standards, International Accounting Standards and Interpretations (collectively IFRS) issued by the International Accounting Standards Board (IASB) as adopted by the European Union ("adopted IFRS's").

 

The financial information set out above does not constitute the Company's statutory accounts for the years ended 30 September 2011, but is derived from those accounts.  Statutory accounts for 2010 have been delivered to the Registrar of Companies and those for 2011 will be delivered prior to 31 January 2012.  The auditors have reported on those accounts: their reports were unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their reports and did not contain statements under section 498 (2) or section 498 (3) of the Companies Act 2006.

 

Restatements

 

The Group and company statement of cashflows have been restated to commence at a starting point of profit before taxation.  In addition, finance income and finance expense have been grossed up in the consolidated statement of comprehensive income.  There has been no restatement of financial positions presented therefore, an opening statement of financial position at 1 October 2009 has not been presented.

 

Going concern

 

At the year end the group has net liabilities of £707,247 (2010: £289,550) with a cash balance of £14,409 (2010: £139,927).

 

The group and company's business activities together with the factors likely to affect its future development, performance and financial position are set out in the reviews on pages 4 to 7.  In addition, note 17 to the financial statements includes the group's objectives, policies and processes for managing its capital, its financial risk management objectives, details of its financial instruments, and its exposures to credit risk, exchange risk and liquidity risk.

 

As described in the directors' report the progress towards profitability is challenging and the group and company has reported an operating loss for the year.  The Company raised £1 million, before expenses of £48,500 (£951,500). The placing was split into two tranches; the Firm Placing (29thSeptember 2011) and the Conditional Placing (17thOctober 2011), both at a placing price of 1 pence per Ordinary Share. In addition the company has received a £300,000 advance in relation to the agreement signed with Electrium. The directors believe that the group and company has sufficient financial resources to meet its commitments as they fall due.

 

The group's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the group will be able to meet its liabilities as they fall due.

 

In addition, since the year end the directors agreed with suppliers to settle outstanding balances as at 30 September 2011 by the issue of shares in the company rather than settling in cash (see note 19).

 

Furthermore, since the year end the group has entered into a debt deferment agreement with a supplier amounting to £150,000 and a convertible loan note amounting to £650,000.

 

After making enquiries and considering the uncertainties described above, the directors have a reasonable expectation that the group and company have adequate resources to continue in operational existence for the foreseeable future.  For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts.

 

Basis of consolidation

 

The financial statements have been prepared using the reverse accounting provisions of International Financial Reporting Standard 3 (as issued in 2004).

 

Reverse accounting has been determined to be required in accounting for the business combination of the Company and JSJS Designs (Europe) Limited because following the business combination, the Parent company is effectively controlled by the Board and the former shareholders of JSJS Designs (Europe) Limited.  In effect, the transaction is accounted for as though JSJS Designs (Europe) Limited was the acquiring company rather than the acquired and JSJS Designs plc has been treated as a subsidiary. The reverse acquisition reserve consists of amounts arising from the adjustment made to the equity instruments of the legal acquiree in reverse acquisition accounting.

 

The financial statements consolidate the accounts of JSJS Designs Plc,  JSJS Designs (Europe) Limited and its non-trading subsidiary, undertaking at 30th September 2011. Intercompany balances and transactions are eliminated in full.

 

2.   Loss per share

 

The basic loss per share is calculated by dividing the loss for the financial year attributable to shareholders by the weighted average number of shares in issue. The remaining securities in issue are not dilutive as at 30 September 2011.

 


Year ended

Year ended


30-Sep-11

30-Sep-10


Number

Number




Numerator



Loss used for calculation of basic and diluted EPS

869,196

825,605




Denominator



Weighted average number of ordinary shares used in basic and diluted EPS

 255,104,018

 225,752,511




Basic and diluted loss per share

0.341p

0.366p

 

At 30 September 2011, there were 2,000,000 (2010: 2,000,000) of potentially issuable shares which are anti-dilutive; such shares may become dilutive in future periods.

 

Since the year end the Company has issued additional shares which would have impacted on the earnings per share calculation if they had occurred before 30 September 2011 (see note 3).

 

3.  Events after the reporting period

 

Issue of shares

 

On 17 October 2011, the company issued 64,207,102 ordinary shares of £0.01 each at par raising cash of £515,000.  Of which, 50,000,000 ordinary shares of £0.01 each were issued to Mr M Lord (CEO), 3,200,000 ordinary shares of £0.01 each to Mr F Tiller and 1,050,000 shares of £0.01 each were issued to Mr S Lane, all of whom are directors of the company.  Of these 1,700,000 shares issued to Mr F Tiller and 1,050,000 shares issued to Mr S Lane were in relation to a debt for equity swap for accrued fees amounting to £27,500 outstanding as at 30 September 2011.  In addition, the remaining 9,957,102 ordinary shares of £0.01 each were issued as a debt for equity swap relating to accrued third party fees amounting to £99,571.    

 

£300,000 Advance License Fee received from Electrium Sales Limited in October 2011.

 

Convertible loan note

 

Furthermore, in October 2011, JSJS Designs entered into a convertible loan note amounting to £650,000 with a supplier.  The convertible loan note carries a coupon interest rate of 3%.  JSJS Designs may redeem the convertible loan note at any time.  After 12 months, the note holder may opt to convert the outstanding balance on the convertible loan into ordinary shares of the company.

  

4.  Annual Report and Annual General Meeting

 

The Annual Report will be available from the Company's website www.jsjsdesigns.com and will be posted to shareholders on or around 23 January 2012.  The Annual Report contains notice of the Annual General Meeting of the Company which will be held at 10 a.m. on Wednesday 14th March 2012 at Birmingham Science Park Aston, Faraday Wharf, Holt Street, Birmingham B7 4BB. 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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