REGISTERED NUMBER: 07414704 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 October 2025

for

Traffic Labour Supplies Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Income Statement

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

Mr P Chamley

Mr M Midson

REGISTERED OFFICE:

19 Churchgate

Retford

Nottinghamshire

DN22 6PF

REGISTERED NUMBER:

07414704 (England and Wales)

SENIOR STATUTORY AUDITOR:

Samantha Hutton FCCA

AUDITORS:

KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

The directors present their strategic report for the year ended 31 October 2025.

REVIEW OF BUSINESS

TLS continued to deliver strong operational and financial performance during the year ended 31 October 2025, building upon the progress achieved in the prior financial year.

The company operates as a managed support service provider to the traffic management and highways industry, supplying vehicles, operatives, and specialist equipment to support traffic management operations across the UK. A significant proportion of the company's activity is generated through long-standing framework agreements with leading traffic management providers operating within the Strategic Road Network.

During the year, turnover increased significantly from £20.2 million in 2024 to £26.4 million in 2025, representing growth of approximately 31%. This increase reflects continued demand for the company's services, expansion of existing customer relationships, and growth in operational capacity across multiple regions.

Gross profit for the year was achieved at 15.25% compared with 15.46% in the prior year. Whilst the gross margin reduced marginally, this was impacted by continued labour market pressures, rising operational costs, and the investment required to support rapid business growth and service delivery.

Net profit increased from £1.087 million in 2024 to £1.724 million in 2025, with net profit margins improving from 5.38% to 6.53%. This represents a strong financial performance and demonstrates the company's ability to grow profitably whilst continuing to invest in its people, fleet, systems, and operational infrastructure.

The directors remain satisfied with the overall performance of the business during the financial year and believe TLS remains well positioned within the traffic management support sector.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors continually assess the principal risks and uncertainties facing the business and implement strategies to mitigate their impact where possible.

One of the primary operational risks remains adverse weather conditions during the winter months. Severe weather can impact operational efficiency, project scheduling, and demand levels across parts of the highways sector. The business continues to manage this risk through careful operational planning, flexible deployment of resources, and maintaining strong customer communication.

The continued shortage of qualified traffic management operatives within the industry also remains a significant challenge.

Competition for skilled labour across the sector has increased pressure on recruitment, retention, and wage costs. TLS continues to address this through ongoing investment in recruitment, training, and workforce development initiatives. The company actively supports the progression of new trainees into the industry whilst continuing to upskill and develop existing employees through structured training programmes.

The directors also recognise the importance of maintaining operational efficiency and adapting to changing customer requirements.

Continued investment in technology, fleet infrastructure, and management systems is considered essential to maintaining service standards and competitiveness.

FINANCIAL KPI'S

Turnover: £26.4m (2024: £20.2m)

Net Profit: £1.724m (2024: £1.087m)

Net Profit Margin: 6.5% (2024: 5.4%)

Gross Profit Margin: 15.3% (2024: 15.5%)

NON-FINANCIAL KPI'S

TLS continues to focus on several non-financial performance indicators which are considered critical to the long-term success of the business.

Key areas of focus during the year included:

o Continued recruitment and training of new traffic management operatives.

o Ongoing workforce upskilling and competency development.

o Investment in modern fleet replacement and operational equipment.

o Strengthening customer relationships through framework agreements and service delivery.

o Expansion of the company's operational footprint within the South of England whilst maintaining a strong presence in the North.

o Continued investment in proprietary software systems, including the development of Compass, the company's bespoke internal management platform.

o Continued commitment to local community investment and environmental improvement initiatives.

The directors believe these areas remain fundamental to maintaining service quality, operational efficiency, and long-term sustainable growth.

FUTURE BUSINESS PLANS

The directors remain optimistic regarding the future prospects of the business.

During 2026, TLS intends to continue expanding its operations within the South of England whilst maintaining and strengthening its established presence in the North of England.

Akey strategic objective for the coming financial year will be improving gross profit margins alongside continued revenue growth.

The company is targeting an improvement in gross profit margin of approximately 1.5% through enhanced operational efficiencies,improved utilisation, pricing strategies, and continued investment in technology and workforce capability.

The company also intends to continue investing in its fleet replacement programme to ensure vehicles and operational equipment, remain modern, reliable, and efficient.

Further strengthening of the management structure is planned during 2026 through the appointment of two additional directors together with internal promotions across the business. The directors believe these changes will enhance operational leadership,governance, and long-term succession planning.

TLS will also continue to invest in smart technologies and software development through its Compass platform to further improve operational efficiency, customer experience, reporting capability, and workforce management.

In addition, the company remains committed to supporting local communities and continuing its progression towards carbon neutrality through environmentally focused investment and operational improvements.

CONCLUSION

The directors consider the financial year ended 31 October 2025 to have been highly successful for TLS, with strong growth in turnover and profitability achieved despite ongoing industry-wide operational challenges.

The business remains financially strong, operationally resilient, and well positioned within the traffic management support sector.

Continued investment in people, technology, fleet infrastructure, and management capability provides the directors with confidence in the future prospects of the company.

The directors believe TLS is well placed to continue delivering sustainable growth and long-term value for customers, employees and stakeholders in the years ahead.

ON BEHALF OF THE BOARD:

Mr P Chamley - Director

19 June 2026

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of support services to the traffic management and construction industries.

DIVIDENDS

The total distribution of dividends for the year ended 31 October 2025 was £670,000, made up of:

- Ordinary A Shares Interim Dividend dated 31 October 2025 £600,000

- Ordinary B Shares Interim Dividend dated 29 November 2024 £70,000

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

Mr P Chamley

Mr M Midson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, KJA Kilner Johnson Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr P Chamley - Director

19 June 2026

Opinion

We have audited the financial statements of Traffic Labour Supplies Ltd (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

While planning our audit, we have enquired of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that require additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Samantha Hutton FCCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

19 June 2026

TURNOVER

3

26,403,100

20,182,249

Cost of sales

22,376,567

17,061,778

GROSS PROFIT

4,026,533

3,120,471

Administrative expenses

2,209,219

1,947,584

1,817,314

1,172,887

Other operating income

20,524

-

OPERATING PROFIT

5

1,837,838

1,172,887

Interest payable and similar expenses

7

113,199

85,831

PROFIT BEFORE TAXATION

1,724,639

1,087,056

Tax on profit

8

449,675

359,833

PROFIT FOR THE FINANCIAL YEAR

1,274,964

727,223

FIXED ASSETS

Tangible assets

10

1,253,837

1,389,637

CURRENT ASSETS

Debtors

11

5,318,259

5,236,699

Cash at bank and in hand

20,977

344,703

5,339,236

5,581,402

CREDITORS

Amounts falling due within one year

12

4,371,251

5,196,894

NET CURRENT ASSETS

967,985

384,508

TOTAL ASSETS LESS CURRENT LIABILITIES

2,221,822

1,774,145

CREDITORS

Amounts falling due after more than one year

13

(466,626

)

(606,384

)

PROVISIONS FOR LIABILITIES

17

(329,882

)

(347,411

)

NET ASSETS

1,425,314

820,350

CAPITAL AND RESERVES

Called up share capital

18

200

200

Retained earnings

19

1,425,114

820,150

SHAREHOLDERS' FUNDS

1,425,314

820,350

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

Mr P Chamley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 November 2023

200

392,927

393,127

Changes in equity

Dividends

-

(300,000

)

(300,000

)

Total comprehensive income

-

727,223

727,223

Balance at 31 October 2024

200

820,150

820,350

Changes in equity

Dividends

-

(670,000

)

(670,000

)

Total comprehensive income

-

1,274,964

1,274,964

Balance at 31 October 2025

200

1,425,114

1,425,314

Cash flows from operating activities

Cash generated from operations

1

1,498,087

1,782,260

Interest paid

(53,022

)

(3,114

)

Interest element of hire purchase payments paid

(60,177

)

(82,717

)

Tax paid

(265,648

)

(65,073

)

Net cash from operating activities

1,119,240

1,631,356

Cash flows from investing activities

Purchase of tangible fixed assets

(363,810

)

(519,708

)

Sale of tangible fixed assets

62,790

73,275

Net cash from investing activities

(301,020

)

(446,433

)

Cash flows from financing activities

Loan repayments in year

(5,553

)

(32,902

)

Capital repayments in year

(80,530

)

(42,501

)

Advance to group undertakings

(385,863

)

(483,424

)

Equity dividends paid

(670,000

)

(300,000

)

Net cash from financing activities

(1,141,946

)

(858,827

)

(Decrease)/increase in cash and cash equivalents

(323,726

)

326,096

Cash and cash equivalents at beginning of year

2

344,703

18,607

Cash and cash equivalents at end of year

2

20,977

344,703

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,724,639

1,087,056

Depreciation charges

422,203

379,717

Loss/(profit) on disposal of fixed assets

14,615

(28,119

)

Finance costs

113,199

85,831

2,274,656

1,524,485

Decrease/(increase) in trade and other debtors

304,304

(1,013,885

)

(Decrease)/increase in trade and other creditors

(1,080,873

)

1,271,660

Cash generated from operations

1,498,087

1,782,260

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

20,977

344,703

Year ended 31 October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

344,703

18,607

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

344,703

(323,726

)

20,977

344,703

(323,726

)

20,977

Debt

Finance leases

(1,017,691

)

80,530

(937,161

)

Debts falling due within 1 year

(5,553

)

5,553

-

(1,023,244

)

86,083

(937,161

)

Total

(678,541

)

(237,643

)

(916,184

)

1.	STATUTORY INFORMATION

Traffic Labour Supplies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts amounts of income and expenditure in the reporting period. Actual results may differ from those estimates.

There are no other balance sheet items which have accounting judgements or key sources of estimation uncertainty other than fixed asset depreciation, prepayments, accrued income and accruals.

Turnover

Turnover comprises the consideration received or receivable for the provision of services rendered in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and services have been rendered in full..

Tangible fixed assets

Fixed assets are initially recognised at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Improvements to property - 20% straight line

Plant and machinery - 20% straight line

Motor vehicles - 20% straight line

Computer equipment -20% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Accrued income

Accrued Income consists of late invoices and work in progress. Once the relevant performance obligations are satisfied in point of time and services rendered in full, the accrued income is then invoiced and recognised as a trade debtor.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Services rendered

26,403,100

20,182,249

26,403,100

20,182,249

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

7,458,731

13,772,489

Social security costs

81,391

80,512

Other pension costs

13,087

11,870

7,553,209

13,864,871

The average number of employees during the year was as follows:

2025

2024

Office and Administration

21

20

Directors

1

1

22

21

2025

2024

£

£

Directors' remuneration

57,145

57,281

Included within Wages & Salaries are £6,663,041 (2024: £13,022,697) of payments to contractors. The payments to contractors ceased in March 2025 when Traffic Management Activities were legislated under 'CISR14305 - The Scheme: construction operations:Traffic management'.

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Other operating leases

176,372

122,313

Depreciation - owned assets

52,433

30,172

Depreciation - assets on hire purchase contracts

369,772

349,545

Loss/(profit) on disposal of fixed assets

14,615

(28,119

)

6.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

14,500

13,500

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other loan interest

53,022

3,114

Hire purchase

60,177

82,717

113,199

85,831

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

467,203

245,123

Deferred tax

(17,528

)

114,710

Tax on profit

449,675

359,833

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

1,724,639

1,087,056

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

431,160

271,764

Effects of:

Expenses not deductible for tax purposes

2,093

5,351

Effect of different tax rates

-

77,688

Balancing charge

15,697

-

Other timing differences

725

5,030

Total tax charge

449,675

359,833

9.

DIVIDENDS

2025

2024

£

£

Ordinary A shares of £1 each

Interim

600,000

250,000

Ordinary B shares of £1 each

Interim

70,000

50,000

670,000

300,000