StockMarketWire.com - PHSC plc - the Aylesford-based provider of health, safety and environmental services to corporate and public sector clients - has completed the purchase of Quality Leisure Management Ltd.

Established in 1990, Quality Leisure Management (QLM) provides a wide range of services principally to the sport and leisure management sector.

With 80% of QLM's business related to health and safety management, this acquisition enables PHSC plc to extend its range of services and gain exposure to a new client base.

In the 2009 calendar year QLM achieved adjusted pre-tax profits of around £100,000 on income of £825,000.

A consideration of £200,000 has been paid in cash on completion for the goodwill of the business and a total of 105,954 new ordinary shares of PHSC plc have been allotted and issued to the vendors.


Story provided by Business Financial Newswire