Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Marwyn Acquisition Company Plc
  6. News
  7. Summary
    MACP   JE00BZBYC658

MARWYN ACQUISITION COMPANY PLC

(MACP)
Delayed London Stock Exchange  -  11:35 2022-09-30 am EDT
1.750 GBX   -.--%
09/09Earnings Flash (MACP.L) MARWYN ACQUISITION Posts FY22 Loss GBP-0.00
MT
09/09Marwyn Acquisition Company Plc Reports Earnings Results for the Full Year Ended June 30, 2022
CI
06/20Marwyn Acquisition Company II Names Chairman
MT
SummaryQuotesChartsNewsCalendarCompanyFinancialsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Marwyn Acquisition : Interim Report for the six months ended 31 December 2021

03/31/2022 | 03:06am EDT

MARWYN ACQUISITION COMPANY PLC

Unaudited Interim

Condensed Consolidated Financial Statements for the

six months ended 31 December 2021

0

CONTENTS

Management Report 2

Responsibility Statement 3

Consolidated Statement of Comprehensive Income 4

Consolidated Statement of Financial Position 5

Consolidated Statement of Changes in Equity 6

Consolidated Statement of Cash Flows 7

Notes to the Consolidated Interim Financial Statements 8

Advisers 14

MANAGEMENT REPORT

I present to shareholders the unaudited interim condensed consolidated financial statements of Marwyn Acquisition Company plc (the "Company") for the six months ended 31 December 2021 (the "Consolidated

Interim Financial Statements"), consolidating the results of the Company and WHJ Limited, (collectively, the "Group" or "MAC").

Strategy

Marwyn Acquisition Company plc is listed on AIM on the London Stock Exchange and was established to provide shareholders with attractive total returns achieved through capital appreciation. The Directors believe that opportunities exist to create significant value for shareholders through properly executed, acquisition-led growth strategies, in the industrials, manufacturing, engineering, construction, building products or support services sectors. The investment policy is included in full on the Company's website at www.marwynacplc.com.

Results

The Group's loss after taxation for the six months to 31 December 2021 was £183,000 (six months to 31

December 2020: loss of £515,000). The Group held a cash balance at the period end of £4,995,000 (as at 30 June 2021: £5,222,000).

Dividend Policy

The Company has not yet acquired a trading operation and it is therefore inappropriate to make a forecast of the likelihood of any future dividends. The Directors intend to determine the Company's dividend policy following completion of a platform acquisition and, in any event, will only commence the payment of dividends when it becomes commercially prudent to do so.

Corporate Governance

In line with the London Stock Exchange's AIM Rules for Companies requiring all AIM-quoted companies to adopt a recognised corporate governance code, explain how the company complies with that code's requirements and identify and explain areas of non-compliance, the Board has adopted the Quoted Companies Alliance Corporate Governance Code. There have been no significant changes to the Corporate Governance Report presented in the Group's Annual Report and Consolidated Financial Statements for the year ended 30

June 2021, which is available on the Company's website. Additional information in respect of the Company's compliance with the QCA Code can also be found on the Company's website.

The Company intends to re-evaluate its corporate governance code framework upon the earlier of the completion of a platform acquisition, or on appointment of an executive management team.

Risks

The Directors have carried out a robust assessment of the principal risks facing the Group including those that would threaten its business model, future performance, solvency or liquidity. There have been no significant changes to the principal risks described on in the Group's Annual Report and Consolidated Financial Statements for the year ended 30 June 2021. The Directors are of the opinion that the risks detailed therein are applicable to the six-month period to 31 December 2021, as well as the remaining six months of the current financial year.

Outlook

The Directors believe that the Company is well-positioned to capitalise on opportunities in the current market environment, particularly where the Company's structure and listed status is likely to prove attractive in

securing a leading executive management team to pursue buy and build strategies, a number of which have been identified and continue to be progressed.

RESPONSIBILITY STATEMENT

Each of the Directors confirms that, to the best of their knowledge:

(a) these Consolidated Interim Financial Statements, which have been prepared in accordance with IAS 34 "Interim Financial Reporting" as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position and profit or loss of MAC; and

(b)these Consolidated Interim Financial Statements comply with the requirements of Rule 18 of the AIM Rules for Companies and Article 106 of the Companies (Jersey) Law 1991.

Neither the Company nor the Directors accept any liability to any person in relation to the interim financial report except to the extent that such liability could arise under applicable law.

Details on the Company's Board of Directors can be found on the Company website at www.marwynacplc.com.

James Corsellis

Chairman

30 March 2022

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Six months

Six months

ended

ended

31 December

31 December

2021

2020

Note

Unaudited

Unaudited

£'000

£'000

Administrative expenses

6

(183)

(516)

Total operating loss

(183)

(516)

Finance income

-

1

Income tax

7

-

-

Loss for the period

(183)

(515)

Total other comprehensive income

-

-

Total comprehensive loss for the period

(183)

(515)

Loss per ordinary share

Basic and diluted (pence)

8

(0.027)

(0.077)

The Group's activities derive from continuing operations.

The Notes on pages 8 to 13 form an integral part of these Consolidated Interim Financial Statements.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Marwyn Acquisition Company plc published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 07:05:09 UTC.


© Publicnow 2022
All news about MARWYN ACQUISITION COMPANY PLC
09/09Earnings Flash (MACP.L) MARWYN ACQUISITION Posts FY22 Loss GBP-0.00
MT
09/09Marwyn Acquisition Company Plc Reports Earnings Results for the Full Year Ended June 30..
CI
06/20Marwyn Acquisition Company II Names Chairman
MT
05/24Marwyn Acquisition Company plc Announces Appointment of Sanjeev Gandhi as Independent N..
CI
04/08Marwyn Acquisition Continues To Explore Possible Deal Opportunities
MT
03/31Marwyn Acquisition : Interim Report for the six months ended 31 December 2021
PU
03/31Earnings Flash (MACP.L) MARWYN ACQUISITION COMPANY Posts Fiscal H1 Loss GBX-0.03
MT
03/31Marwyn Acquisition Company Plc Reports Earnings Results for the Half Year Ended Decembe..
CI
2021Marwyn Acquisition : Notice of Annual General Meeting 2021
PU
2021Marwyn Acquisition : Form of Proxy for the Annual General Meeting 2021
PU
More news
Financials
Sales 2021 - - -
Net income 2021 -0,70 M -0,78 M -0,78 M
Net cash 2021 5,22 M 5,82 M 5,82 M
P/E ratio 2021 -21,6x
Yield 2021 -
Capitalization 11,7 M 13,1 M 13,1 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 2
Free-Float 54,4%
Chart MARWYN ACQUISITION COMPANY PLC
Duration : Period :
Marwyn Acquisition Company Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
James Henry Merrick Corsellis Executive Chairman
Sanjeev Gandhi Independent Non-Executive Director
Mark Irvine John Brangstrup Watts Executive Director
Sector and Competitors
1st jan.Capi. (M$)
MARWYN ACQUISITION COMPANY PLC20.69%13
INVESTOR AB (PUBL)-28.10%46 011
CK HUTCHISON HOLDINGS LIMITED-13.72%21 200
GROUPE BRUXELLES LAMBERT SA-26.77%10 164
HAL TRUST-23.07%9 539
AB INDUSTRIVÄRDEN (PUBL)-21.74%8 722