TIDMPKW 
 
RNS Number : 5483X 
Parkwood Holdings PLC 
17 August 2009 
 

Parkwood Holdings plc 
("the Company" or "the Group") 
 
 
Realm Services (DAC) Limited 
 
 
 
 
Parkwood Holdings plc announces that a subsidiary special purpose company 
("SPC") Realm Services (DAC) Limited ("Realm") has been placed into 
Administration following close discussions with Barclays Bank plc, the senior 
lender to the SPC.  The Joint Administrators, Shay Bannon and Tony Nygale, of 
BDO Stoy Hayward will seek to negotiate satisfactory terms with the Ministry of 
Defence ("MoD") relating to an outstanding dispute at the Defence Animal Centre 
("DAC") in Leicestershire. The dispute relates to the provision of kennelling 
for dogs trained at the DAC. The directors and Barclays believe that placing 
Realm into Administration is the best course of action since it invokes a 150 
day suspension period to the contract which should allow time to reach a 
commercial resolution to the outstanding contractual issues. 
 
 
Barclays Bank provides senior debt amounting to GBP6.5 million to Realm which 
signed a PFI contract with the MoD in August 2000. Realm is responsible for the 
provision, management and maintenance of a new Headquarters building, which 
includes offices, messes and new single living accommodation. Realm also 
provides an ongoing range of services in support of the core military training 
activities. The total carrying value of Realm in the Group's consolidated 
balance sheet is GBP2.6 million.  Realm forms part of the Group's non-recourse 
activities. 
 
 
The Group's interim results will be issued on 28 August 2009 and further 
information will be provided in due course. 
 
 
 
 
For further information, please contact Tony Hewitt, Executive Chairman, 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 the UK under long term contracts.  Its 
four main areas of operation are as follows: 
 
GlendaleProvides amenity horticulture, grass cutting, arboriculture and care 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. 
 
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. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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