Best of the Best PLC Trading Update (2882X)
May 05 2016 - 2:00AM
UK Regulatory
TIDMBOTB
RNS Number : 2882X
Best of the Best PLC
05 May 2016
Best of the Best plc
("Best of the Best" or "the Company")
Trading Update
Best of the Best plc, which runs competitions to win luxury cars
online and at retail locations, is pleased to announce that trading
for the year to 30 April 2016 has been solid with both revenues and
profit before tax in line with market expectations.
The results for the 12 months ended 30 April 2016 are expected
to be announced on 8 June 2016 and the Directors look forward to
updating shareholders with further detail at that time.
As previously reported, following a VAT decision at the
First-tier Tribunal concerning Sportech Plc, a company with similar
activities in our sector, the Company submitted a protective claim
to recover overpaid VAT. Sportech Plc announced yesterday that the
Court of Appeal Judges have ruled in favour of Sportech in its
appeal case relating to a VAT repayment claim on the "Spot the
Ball" game.
Her Majesty's Revenue and Customs ("HMRC") has been given until
13 May 2016 to apply to the Court of Appeal for permission to
appeal to the Supreme Court. At present, therefore, this VAT
litigation has not been concluded and it remains uncertain whether
the Company will receive any repayment from HM Revenue &
Customs, but we will update shareholders as this matter
progresses.
Enquiries:
Best of the Best William Hindmarch, T: 020 7371
Chief Executive 8866
Rupert Garton, Commercial
Director
KTZ Communications Kate Tzouliadis T: 020 3178
6378
Panmure Gordon Andrew Godber T: 020 7886
(UK) Limited (Nominated 2500
Adviser)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 05, 2016 02:00 ET (06:00 GMT)
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