Trafalgar New Homes Plc - Regulatory news

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10 August 2016

TRAFALGAR NEW HOMES PLC

("Trafalgar", the "Company" or "Group")

Final Results for the year ended 31 March 2016

Trafalgar New Homes (AIM: TRAF), the AIM quoted residential property developer operating in South East England, announces its final results for the 12 months ended 31 March 2016. A copy of the annual report and accounts, along with notice of the Company’s annual general meeting, to be held at the Company’s offices at Chequers Bank, Bough Beech, Edenbridge, Kent TN8 9PD at 11.00 a.m. on 8 September 2016, will be posted to shareholders shortly and made available on the Company’s website, www.trafalgar-new-homes.co.uk.

Financial Highlights:

 Turnover for the Period was £2,235,000 (2015: £3,898,250);

 Profit before and after tax of £204,877 (2015: Loss £619,106);

 EPS of 0.09p (2015: loss per share of 0.26p); and

 Cash on the balance sheet at the end of the year was £278,406 (2015: £490,770).

Operational Highlights

 Construction work continues at Tunbridge Wells, Kent for six luxury apartments;

 Work commenced at High Street, Edenbridge, Kent for three terraced houses; at Vines Lane, Hildenborough, Kent for two detached houses; and at Sheerness, Kent; and

 Completed the purchase of a development site in Speldhurst, Tunbridge Wells, Kent.

Commenting on today's Results, CEO, Chris Johnson, said:

“I am delighted to report that the Group has returned to profitability. We are confident that the Company has a strong development pipeline and that we are well positioned to improve financial performance for FY2017 and beyond. Despite Brexit, we believe the market fundamentals remain strong and that huge demand still remains for homes as a result of the chronic lack of supply. We remain committed to building new homes in the South East where we believe there is still high demand, to growing the Group’s profitability and, in time, rewarding our shareholders through dividend payments. We believe the outlook for the Company is exciting.”

Enquiries:

Trafalgar New Homes plc +44 (0)1732 700000
Christopher Johnson

Allenby Capital Ltd – Nominated Adviser and Broker +44 (0)20 3328 5656

Jeremy Porter/James Reeve

Yellow Jersey PR Limited +44 (0)7825 916 715

Dominic Barretto/Alistair de Kare-Silver

Notes to Editors:

Trafalgar New Homes is the holding company of Combe Bank Homes, a successful residential property developer operating in the southeast of England. The founders of Combe Bank homes have a long track record of developing new and refurbished homes, principally in Kent.

The Company’s focus is on the select situation of land for residential property development. The Company outsources all development activities, for example the obtaining of planning permission, design and construction and uses fixed price build contracts. This enables the Company to tightly control its development and overhead costs.

The Company focuses on the regions of Kent, Surrey, Sussex and the M25 ring south of London and targets development sites of up to 20 homes, with sales prices typically ranging from £250,000 to £1,500,000 per unit.

ENDS