This is the fresh face of (Worthington Nichols), although the two are similar - there are striking differences - mostly in the reality of Management to their position.

The name-change was needed "...to avoid their earlier guise hampering business ..." ( my words) - although I am not so sure. . . . . however, the website and attitude of Mangement appears to make good sense . . . . . .
. . . . despite a small % fall in sp today - - - - 7.8 / 8.15 pence is about as low as should go! That's Hope!

Expect some "charges" to appear and then let's see what Management can do!

Website: www.managedsupportservicesplc.com

Good luck to
...all who sail in her.

"The Company announces that, with immediate effect, its registered office is now
at the following address: One Crown Square, Church Street East, Woking, Surrey,
GU21 6HR."

Interesting that the swanky new offices in Manchester were not to the management's approval (or was it just that they wanted head Office nearer to their own homes???)

Web site shows Head Office in Wilmslow, this is a change in the registered office which is not too far from their solicitors in Reading.

Ah, yes. Should have thought more about that. Registered Office is normally the accountants or solicitors.

LONDON (Thomson Financial) - "Managed Support Services Plc. reported a pretax loss of 8.91 million pounds for the six-months ended March 31, 2008, on a revenue of 16.44 million pounds, and said four of its units were trading profitably in the year to date.

Comparative figures were not given.

The results reflect losses incurred before the change of management and the further losses arising from the closure of its businesses, the company said.

The company said after funding its restructuring costs in the current year it has a net cash bank balance of 5.2 million pounds as on 17th June.

Chief executive Simon Beart said: 'We have successfully established profitable trading, a considerable result when the group was losing 1 million pounds a month, in cash, only six months ago. We now have a stable platform from which to rebuild shareholder value.'

The company has appointed Piers Wilson as the finance director effective from 1st July . Previously, Wilson was the finance director of ED&F Man Coffee."

not done much research on thsi, but I did attend the AGM and I saw a group of Execs thatr appeared to be looking after the business as best as you could wish.....Obviously time will tell ( Still smarting from buying the Eifell Tower in yr 2000!), - but what came through (to me) was that they were telling it like it was!

They explainied why the Worthington business could not survive (as was), and how they hoped to move forwards.
Their Solicitors are based in Reading, but to date they appear to operate in the North West, nr Wimslow - but DYOR. They also control several subsidery businesses, but this could change.....

So I think Harrycat's post (19 Jn"08), ...sums up my own impressions.....

EDIT(29Oct08)-Big jump today, on results, but still only 10p - still I think this puts some flesh on the Opinion I expreswed after the AGM.
((Particulalrly as this is about the worst time anyone could be trying to rescue a business. It just goes to show how mis-led investors were beforehand...have any collars been felt...or is the FSA too busy rescuing stranded Icelandic Bankers? - - - Grrr.))

LONDON, Oct 29 (Reuters) - Managed Support Services Plc:

* Says first half trading has been good and as a result, the board currently expects that the full year results to comfortably exceed current market forecasts.
Net cash balances at 30 September 2008 improved to 7.9 million, equivalent to 8.8p per share (17 June 2008: 5.2 million as last reported in the EGM statement).

Managed Support Services plc

INTERIM RESULTS FOR THE SIX MONTHS TO 30 SEPTEMBER 2008

Managed Support Services plc announces its Interim Results for the six months ended 30 September 2008.

KEY POINTS
"Strong first half trading

Excellent cash conversion

Net cash balances 7.9 million (as at 18 June 2008: 5.2 million)

Turnover 16.3 million (6 months ended 31 March 2008: 16.4 million)

Adjusted profit before tax 1.1 million* (6 months ended 31 March 2008: loss 5.8 million)

Adjusted earnings per share* 0.94p (6 months ended 31 March 2008: loss 3.5p)"

MoneyAM
"Heating and cooling equipment firm Managed Support Services aims to exploit acquisition opportunities with a 5.7m institutional placing announced today.

The placing at 8p per share will represent 45 per cent of the company's share capital. It is conditional on approval at an EGM on February 26.

MSS says the group has traded profitably and has generated positive operating cash flow in the current financial year.

Chief executive Simon Beart said, 'We have increased our surplus cash balances at a time when cash is becoming increasingly scarce. We will now review a broad portfolio of opportunities as the economic climate worsens. "

MonAM
"It has been announced that Simon Beart, CEO has bought 312,500 shares in the company on the 2nd March 2009 at a price of 8.00p. Simon Beart now holds 812,501 shares representing 0.49% of the shares in issue."

Bet he is sweating on global warming!

I understand SB has done a good job from the smouldering remains of - - - , so if he's hoping to expand the business in these dire times it may indeed be a good move. However, I hope he remembers that Fred the Shread thought he'd struck a fabulous deal with ABN-Amro; but it soon turned into dust, as many suspected at the time....

Sp on the move again. Currently 10p. Hoping it can maintain a solid support level for the future.

Harry time to re-visit this one looking cheap at this level hoping for a hot summer.

I'm in. Have been for a long time, as I took the decision that the new management were looking efficient, backed by a good reputation for getting results. Have averaged down, but looking to make a substantial profit in the medium term, rather than short term quickie.

Harry we agree it is now looking to be a sound business managed by people with a good track record, results due in the next few weeks plenty of cash in he balance sheet.

I have a feeling that when the business is running smoothly & profitably, the management team will sell to one of the other bigger companies & then move on to another challenge. How far down the line that is, remains to be seen.

sp climbing steadily,company made a profit at the interim stage so should make a full year profit when final results are announced shortly. Can see the sp reaching 20p before long.

Time to tuck a few of these away at this price.

Did you mean chuck them away?? looking at the chart....:))

What's the matter with it? The only way is up..............;o)