Ann: Half Yearly Report and Accounts, page-5

Wow! Simpec goes from hero to zero I would love to know what's really going on there. I guess it explains why they acquired Alltype (to cover up the negative growth and losses). These guys are all talk and no growth unfortunately. Covid has nothing to do with this result IMO it's all just about how on earth Simpec go from landing big contracts/profit to failing to win any work most of last year and now delivering a loss. It's like they stuffed up a contract or something?! Clearly the insiders knew this was going to be a shocker. It's very difficult to see someone taking this over now they are only borderline profitable. So much potential though so hopefully in a few years they can all get their act together and actually deliver a consistent track record of growth/profit.