Half Year Results 

PTSG making all the right moves

PTSG making all the right moves

Premier Technical Services (PTSG) is a reasonably acquisitive company, so while it seems unusual the group made no new deals in the first six months of the year, the lull enabled some improved housekeeping on the cash front. An intensified focus on cash collection yielded a 17 percentage point improvement in the underlying cash conversion rate. The dry spell could only last so long, however, and post period-end the niche service provider announced the acquisition of M&P Fire Protection for an initial payment of £1m. Management expects to announce further deals before Christmas, and chief executive Paul Teasdale describes the current pipeline as “the most exciting” the group has ever seen.  

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