PKW Parkwood Hldgs.

 
TIDMPKW 
 
Parkwood Holdings plc ("Parkwood" or the "Group") 
 
11 May 2009 
 
Interim Management Statement 
 
Parkwood, the specialist support service group, issues the following Interim 
Management Statement covering the period 1 January 2009 to date. 
 
Trading 
 
Trading performance for the Group in the first quarter of this financial year 
has been challenging. 
 
Glendale, the Group's green services division, has continued to find trading 
difficult, particularly in horticulture and countryside, primarily as a result 
of continuing weak customer demand. The Group's green waste recycling and 
composting business, Ecological Sciences Ltd, based in Devon, commenced 
proceedings relating to the termination of a contract, which is expected to 
have a material impact on the Group's results. The Group's Leisure Division is 
continuing to trade broadly in line with the budget for the year. 
 
Business Development 
 
The Group's order book was GBP521 million at 31 March 2009 (March 2008: GBP546 
million), with new contract wins in the Glendale and Leisure Divisions in the 
quarter increasing the forward order book by approximately GBP4m since the year 
end. 
 
Parkwood Leisure commenced a four year management contract with Wycombe 
District Council on 1 April 2009, with annual revenues of approximately GBP4m. 
 
Glendale commenced two ten year grounds management contracts, together with the 
retention of an existing contract with Birmingham City Council on 23 March 
2009, with combined annual revenues of approximately GBP3.4 million. 
 
Outlook 
 
Management are continuing to focus on resolving issues in the underperforming 
business areas. As mentioned in the preliminary results announcement released 
on 9 March 2009, the Group is continuing negotiations to sell the equity and 
subordinated debt that the Group holds in leisure related PFI/PPP investments. 
A further announcement is expected in due course. 
 
For further information, please contact Carolyn Smith on 01772 627111. 
 
Notes to editors: 
 
About Parkwood Holdings plc: 
 
Parkwood Holdings plc specialises in providing outsourced and support services, 
predominantly to the public sector across England and Wales under long term 
contracts. Its four main areas of operation are as follows: 
 
Glendale - provides amenity horticulture, grass cutting, arboriculture and are 
of sports pitches, parks and open spaces. The division also includes golf 
course management, waste recycling, environmental consultancy, tree moving and 
horticulture. 
 
Parkwood Leisure - manages a diverse range of public and private leisure 
facilities, including swimming pools, sports halls, gyms, health suites and 
catering operations. 
 
Parkwood Consultancy Services - undertakes PFI, PPP and similar bids on behalf 
of joint ventures and the Group. Parkwood Consultancy Services is also 
responsible for project management of contracts and the management of other 
funds such as the lifecycle funds associated with the project agreements. 
 
Parkwood Healthcare - Provides medical services, a nursing agency and 
non-emergency patient transport services for the NHS and the private sector. 
 
 
 
END 
 

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