Trading Update

RNS Number : 0252I
S-Ventures PLC
22 March 2024


(“S-Ventures” or the “Company”)

Trading update

The Company is pleased to confirm that the unaudited second interim financial statements for the six months ended 30 September 2023 will be released by 28 March 2024.

Gross sales for the group for continuing operations for the 12 months to 30 September 2023 is expected to be approximately £17.4m and for the 15 months to 31 December, approximately £21.6m.

Since acquisition, Juvela’s contribution to gross group sales up to 30 September 2023 was approximately £6.9m and for the 15 months ended 31 December, approximately £9.1m.

Group EBITDA for continuing operations for the 12 months ended 30 September 2023 is expected to be in excess of £500,000, before impairments on loss making subsidiaries.  The equivalent figure for the 15 months ended 31 December 2023 is expected to be approximately £1m.

Net debt as at 30 September 2023 is expected to be £7.1m, including a loan from the Company’s CEO, Scott Livingston, of £0.85m.


For further information, please contact:

The Company

Stephen Argent (Chief Financial Officer)

Scott Livingston (Chief Executive Officer)

+44 (0) 203 475 0230

AQSE Corporate Adviser and Broker:

VSA Capital Limited

Andrew Raca

+44 (0) 20 3005 5000

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