Simon Thompson 

Bilby management’s credibility shredded

Simon Thompson

Simon Thompson

The credibility of the senior management of Aim-traded Bilby (BILB:42p), a provider of gas heating appliance installation and maintenance services to residential and commercial properties, has been shredded after the directors warned that cash profits would only be £2m-£3m for the financial year to end March 2019. At the time of the interim results in mid-December 2018 the company reported first-half cash profit of £2.7m and the directors were guiding investors to expect full-year cash profits ahead of the £6.3m reported in the 2018 financial year.

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