TREASURE SERVICES GROUP LIMITEDActive

We aim to present a balanced and comprehensive review of the development and performance of the group during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face. Principal Activity and Business Review The objective of this report is to present a review of the performance of the company during the year; its position at the year end; and the attendant risks. Treasure Services Group Limited acts as the holding company for the operating subsidiaries of the group. These companies continue to provide the following services: - the movement of bulk liquid products (primarily for the brewery sector); - general distribution of palletised goods; - warehousing; - IBC laundry / road tanker cleaning; - distribution of AdBlue for TopBlue Limited: - the movement of goods through a pallet network. This is done as a shareholder member of the Palletline Limited network. Following the passing of the shareholder director Gary Greenhalgh, the board have created an Executive Team who have a clear and defined strategy to build and grow the business over future years. Group turnover in the year, however, was below forecast which also meant that the profit after interest was not at the level expected, despite the addition of several additional key accounts. This was due to several factors. The commercial activity in certain key sectors was considerably quieter than

As described in the company's latest filed accounts.