(TOYE) Toye & Co

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Time: 18:16 (Market Closed)

Bid	42.00
Ask	51.00
Price	46.50
Previous	46.50
Change	0.00 (0.00%)
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ISIN Number	GB0009001669
Currency	GBX

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VIR.L +28.92	WRN.L +22.22	CRL.L +13.07	BRBY.L +12.44
DWSN.L +4.00	TOYE.L -1.06	PZC.L -3.58	SWL.L -3.93
PTD.L -4.00	ACR.L -7.69	CHA.L -17.60	TFL.L -21.21

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28-09-11

Toye & Co PLC - Half Yearly Report

RNS

RNS Number : 0364P

Toye & Co PLC

28 September 2011

TOYE & CO PLC

(AIM: TOYE)

Interim Results to 30 June 2011

Toye & Co plc ("Toye" or "the Company"), the manufacturer of military and masonic regalia, medals, badges and related textiles, announces its Interim Results for the six months to 30 June 2011.

Contacts:

Toye & Company plc	www.toye.com
Fiona Toye, Chief Executive	+44 (0) 20 7242 0471

WH Ireland Limited	www.wh-ireland.co.uk
Mike Coe / Marc Davies	+44 (0) 117 945 3470

Chief Executive's Statement

Results

At the half year the Company returned a small profit of £9,120 (2010:£26,205) on a turnover of £4,495,726, an increase of some £360,000 over the corresponding period in 2010.

The increase in turnover was achieved despite last year's performance benefitting from a large contract which has now been completed and which has yet to be replaced by one or more similar high volume contracts with equivalent margins.

However, whilst gross profit is higher in absolute terms than in the previous year, the gross margin has fallen, largely due to continuing increases in raw material costs, most notably precious metals. This has resulted in a lower profit before tax than in the corresponding period last year.

Trading

Current trading conditions are extremely challenging in all market areas. The reduction in spending by government departments and other organisations has resulted in reduced capacity to spend both for organisations as well as for individuals.

Operational efficiency and productivity has improved and in some markets we have obtained the majority of available work, and added new customers to our client base. However, in the short term, this has not improved profitability as customers are generally purchasing smaller volumes and because of the gross margin pressure referred to earlier.

With our specialist and location-focused craft skills, it is difficult to reduce overheads by combining sites but we continue to concentrate our efforts on improving productivity at all levels of the business.

Staff

The company is committed to retaining the highest level of craftsmanship so, whilst the workforce is leaner; it continues to possess great expertise with the attendant ability to fulfil a combination of production tasks to a very high standard.

With the end of the large contract referred to above, it was sadly necessary to make some staff redundant at our Birmingham factory.

Outlook

We do not anticipate any significant improvement in our markets in the coming months. In addition, we continue to seek ways of reducing our overheads without jeopardising our reputation for quality, supply and customer service.

Regalia House Mrs F A TOYE

19, 20 & 21 Great Queen Street, Chief Executive

London, WC2B 5BE

28 September 2011

Group Statement of Comprehensive Income For the six months ended 30 June 2011
	Notes	Six months to 30 June 2011 £	Six months to 30 June 2010 £	Year to 31 December 2010 £
Revenue		4,495,726	4,131,022	8,489,519

Operating expenses		4,459,496	4,075,301	8,329,900

Operating profit		36,230	55,721	159,619

Finance costs		(27,110)	(29,516)	(59,473)

Profit before and after taxation		9,120	26,205	100,146



Earnings per share - basic and diluted	2	0.41p	1.17p	4.45p


All activities relate to continuing operations.

Statement of Financial Position at 30 June 2011
	Notes	At 30 June 2011 £	At 30 June 2010 £	At 31 December 2010 £
Assets Non-current assets
Plant, property and equipment		1,973,814	2,018,085	1,998,817

Current assets
Inventories		1,251,262	1,201,545	1,333,818
Trade and other receivables		1,353,675	1,435,353	1,660,642
Cash and cash equivalents		7,761	5,702	21,056
		2,612,698	2,642,600	3,015,516

Liabilities Current liabilities
Trade and other payables		1,505,006	1,318,330	1,483,315
Current borrowings	4	363,822	565,088	761,760
Current portion of long term borrowings	4	123,320	120,635	122,012
		1,992,148	2,004,053	2,367,087

Net current assets		620,550	638,547	648,429

Non-current liabilities
Non-current borrowings	4	921,843	1,045,172	983,845
Deferred payments		-	22,000	-
		921,843	1,067,172	983,845

Net assets		1,672,521	1,589,460	1,663,401

Equity attributable to equity holders of the parent
Ordinary shares		562,000	562,000	562,000
Share premium		2,677	2,677	2,677
Retained earnings		1,107,844	1,024,783	1,098,724
Total equity		1,672,521	1,589,460	1,663,401

Statement of Changes in Equity For the six months ended 30 June 2011
	Ordinary shares £	Share premium £	Retained earnings £	Total equity £

Balance at 1 January 2010	562,000	2,677	998,578	1,563,255

Changes in equity for 2010 Profit for the year	-	-	100,146	100,146

Total comprehensive income for the year	-	-	100,146	100,146

Balance at 31 December 2010	562,000	2,677	1,098,724	1,663,401

Changes in equity for the period Profit for the period	-	-	9,120	9,120

Total comprehensive income for the period	-	-	9,120	9,120

Balance at 30 June 2011	562,000	2,677	1,107,844	1,672,521

Statement of Cash Flows For the six months ended 30 June 2011
	Notes	Six months to 30 June 2011 £	Six months to 30 June 2010 £	Year to 31 December 2010 £

Cash flows from/(used by) operating activities
Cash generated from/(used by) operating activities		492,597	(23,105)	(72,191)
Interest received		-	-	-
Interest paid		(27,110)	(29,516)	(59,473)
Net cash generated from / (absorbed by) operating activities		465,487	(52,621)	(131,664)

Cash flows from investing activities
Purchase of property, plant and equipment		(20,150)	(15,226)	(57,551)
Net cash flows from/(used in) investing activities		(20,150)	(15,226)	(57,551)

Cash flows from financing activities
Repayment of borrowings		(60,694)	(59,350)	(119,300)
Net cash flows (used in) financing activities		(60,694)	(59,350)	(119,300)


Net increase/(decrease) in cash and cash equivalents		384,643	(127,197)	(308,515)
Cash and cash equivalents at the beginning of the period		(740,704)	(432,189)	(432,189)
Cash and cash equivalents at the end of the period	3	(356,061)	(559,386)	(740,704)

Notes to the Interim Financial Statements

1. Basis of preparation

The accounting policies and methods of computation followed in the interim financial statement are consistent with those published in the Group's Annual Report and Financial Statements for the year ended 31 December 2010 and expected to apply in the Financial Statements for the year ended 31 December 2011.

The results for the six months ended 30 June 2011 and 30 June 2010 have not been audited and do not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006. The abridged financial information for the year ended 31 December 2010 has been derived from the statutory accounts included in the Annual Report 2010, which were prepared under International Financial Reporting Standards (IFRS), and have been filed with the Registrar of Companies. The auditor's report on these accounts was unqualified and did not contain statements under Section 498 (2) or Section 498 (3) of the Companies Act 2006 which deal respectively with the maintaining of proper accounting books and records and the availability of information to the auditors.

The Interim Report and Financial Statements were approved by the Board of Directors on 28 September 2011. A copy of the interim statement will be posted to shareholders and made available to the public at the Company's Registered Office, 19, 20 & 21 Great Queen Street, London and on the Company's website www.toye.com.

2. Earnings per ordinary 25p share

The earnings per ordinary 25p share is based on the profit after taxation and the unchanged number of 2,248,000 ordinary shares in issue throughout the period.

3. Analysis of net debt

	At 1 January 2011	Cashflow £	Other non cash changes £	At 30 June 2011 £

Cash at bank and in hand	21,056	(13,295)	-	7,761
Overdraft and invoice discounting facility	(761,760)	397,938	-	(363,822)
Total cash and cash equivalents	(740,704	384,643	-	(356,061)

Debt due within one year	(122,012)	60,694	(62,002)	(123,320)
Debt due after one year	(983,845)	-	62,002	(921,843)
	(1,846,561)	445,337	-	(1,401,224)

4. Borrowings

	At 30 June 2011 £	At 30 June 2010 £	At 31 December 2010 £
Current
Bank overdraft and invoice discounting	363,822	565,088	761,760
Bank loans	123,320	120,635	122,012
	487,142	685,723	883,772

Non current
Bank loans	921,843	1,045,172	983,845

Total bank borrowings	1,408,985	1,730,895	1,867,617

This information is provided by RNS

The company news service from the London Stock Exchange

END

IR UBVSRAAAKUAR

08-08-11

Toye & Co PLC - Holding(s) in Company

RNS

RNS Number : 9527L

Toye & Co PLC

08 August 2011

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Toye & Company plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Ian Goldbart
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	8 August 2011
6. Date on which issuer notified:	8 August 2011
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	5%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Indirect

Direct ^xi

Indirect ^xii

Direct

Indirect

GB0009001669

103,000

115,500

5.13

Ord 25p

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

115,500

5.13%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Held by Pershing Securities Nominees & Natwest Nominees

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:	Ian Goldbart
15. Contact telephone number:	+44 (0) 207 930 6879

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLLFEVTTITIIL

13-06-11

Toye & Co PLC - Holding(s) in Company

RNS

RNS Number : 3458I

Toye & Co PLC

13 June 2011

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Toye & Company plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Ian Goldbart
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	13 June 2011
6. Date on which issuer notified:	13 June 2011
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	4%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Indirect

Direct ^xi

Indirect ^xii

Direct

Indirect

GB0009001669

88,000

90,000

Ord 25p

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

90,000

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Held by Pershing Securities Nominees & Natwest Nominees

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:	Ian Goldbart
15. Contact telephone number:	+44 (0) 207 930 6879

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLLFFSRVIVLIL

17-05-11

Toye & Co PLC - Holding(s) in Company

RNS

RNS Number : 7334G

Toye & Co PLC

17 May 2011

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Toye & Company plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Ian Goldbart
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	13 May 2011
6. Date on which issuer notified:	16 May 2011
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	3%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Indirect

Direct ^xi

Indirect ^xii

Direct

Indirect

GB0009001669

67,000

76,000

3.38

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

76,000

3.38%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Held by Pershing Securities Nominees

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:	Ian Goldbart
15. Contact telephone number:	+44 (0) 207 930 6879

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLIFLAEEIDLIL

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