07 April 2008

Maxima Holdings PLC ("Maxima" or the "Company")

"The board of Maxima Holdings plc (AIM: MXM.L) announces that on 4 April 2008 Kelvin Harrison, Chief Executive,  exercised options over 90,000 ordinary 1p shares in the Company at an exercise price of £1.10 under the Company's approved EMI Share Option Scheme.  This exercise was carried out for tax purposes and Mr Harrison does not plan to sell  the shares.  The transaction has no impact on Mr Harrison's beneficial ownership of the shares.  Application has been  made for the new shares to be admitted to AIM and admission is expected to take place on 11 April 2008.  Following  admission the Company will have an issued share capital of 25,009,695 ordinary 1p shares. Following the exercise Mr Harrison holds 3,690,029 ordinary shares in the Company representing 14.75% of the issued share capital and 325,000 unapproved options which have an exercise price of £1.10."

25 March 2008

Maxima Holdings plc ("Maxima" or the "Company")

Maxima Holdings plc has issued 1,666 shares as a result of the exercise of options under the SAYE scheme. Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 31 March 2008. Following admission the Company has an issued share capital of 24,919,695.

Maxima Holdings PLC
15 February 2008

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying                Maxima Holdings Plc
issuer of existing shares to which voting rights
are attached:

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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights
                           
Other (please specify):___________________________________________
                           
3. Full name of person(s) subject to the  notification obligation: Herald Investment Management Limited

4. Full name of shareholder(s) (if different from 3.): Bank of New York (OCS) Nominees Ltd on behalf of Herald Investment Trust Plc
                                 
5. Date of the transaction (and date on which the threshold is crossed or reached if  different): 13 February 2008
         
6. Date on which issuer notified: 15 February 2008

7. Threshold(s) that is/are crossed or reached: 5%

8. Notified details:

A: Voting rights attached to shares

Class/type of  Situation previous to   Resulting situation after the triggering
shares           the Triggering             transaction
                     transaction
if possible
using the ISIN No. of       No. of      No. of    No. of voting   % of voting
CODE             Shares      Voting      shares   rights             rights
                                    Rights      Indirect  Direct Indirect  Direct   Indirect
                                            
GB00B034R743   1,112,000   1,112,000   1,612,000         1,612,000    6.47%
                             (4.46%)                     (6.47%)
                  
B: Financial Instruments

Resulting situation after the triggering transaction
Type of      Expiration Exercise/      Number of voting rights that may  % of
financial    date       Conversion     be acquired if the instrument is    voting
instrument              Period/ Date   exercised/ converted.                  rights
                      
None                                                                                             Nil

Total (A+B)

Number of voting rights                      % of voting rights

1,612,000                                    6.47%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Herald Investment Management Limited, a discretionary investment manager, is the parent undertaking of an investment management business.

Shareholder: Herald Investment Trust
(in the name of Bank of New York (OCS    1,612,000                         6.47%
Nominees Limited))
                                                  
                 

Total for funds under management of
Herald Investment Management Limited     1,612,000                         6.47%
                 
Proxy Voting:

10. Name of the proxy holder:                                                      N/A

11. Number of voting rights proxy holder will cease to hold:              N/A

12. Date on which proxy holder will cease to hold voting rights:          N/A

13. Additional information:

14. Contact name: Andrew Miller

15. Contact telephone number: 020 7553 6308

Annex Notification Of Major Interests In Shares

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)  
Herald Investment Management Limited

                                                     
Contact address (registered office for legal entities):
10/11 Charterhouse Square London EC1M 6EE

                                                                                                 
Phone number - 020 7553 6308
Other useful information (at least legal representative for legal persons) - Andrew Miller


B: Identity of the notifier, if applicable

Full name - See Above

Contact address

Phone number

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

In accordance with the FSA's LIST Issue 14 Paragraph 3.13 we have used the company's last notification of the total number of voting rights in issue (24,918,029) made on 23 Oct 07 through RNS number 1824G to calculate the percentage of voting rights after the triggering transaction.

5th February 2008
Maxima Holdings Plc ("Maxima" or the "Company")

The Company has been informed that certain Directors have today purchased ordinary shares in the Company as follows:

Director	No. of Shares	Price	No. of shares held following the transaction (% ISC)
Mike Brooke	10,000	144.5p	32,703 (0.13%)
Kelvin Harrison	34,600	144.5p	3,600,029 (14.45%)
Boris Huard	34,600	144.5p	54,600 (0.22%)
Linda Andrews	3,460	144.5p	593,864 (2.38%)
Mark Morris	6,920	144.5p	15,585 (0.06%)

Tuesday 5 February 2008
Maxima Holdings plc (‘Maxima' or the ‘Company')

Maxima Holdings plc (AIM:MXM), the acquisitive IT solutions and managed services group, is pleased to announce its unaudited interim results for the six months ended 30 November 2007.

Financial Highlights:

• Revenue up 62% to £21.1 million (H1 2007: £13.0 million)
• Recurring revenues represent 56% of total revenues
• Operating profit* up 74% to £4.0million (H1 2007 £2.3million)
• Profit before tax up 43% to £2.0 million (H1 2007 £1.4 million)
• Adjusted*, fully diluted earnings per share up 16% to 10.2p (H1 2007: 8.8p)
• Dividend of 2.0p per share (H1 2007: 1.8p) - in line with progressive dividend policy

*pre-amortisation of intangibles, share based payments and exceptional charges

Operational Highlights:

• Appointment of Chief Operations Officer, Boris Huard
• 35 new clients won during the period, across all business areas
• Good progress on our Microsoft Dynamics AX solution for the construction and facilities management sector with 8 sales to date
• Acquisition in July 2007 of Centric Networks Ltd, Infrastructure Managed Services provider for £6.4million (gross maximum)

Commenting on the results, Mike Brooke, Chairman, said: "The business has always exhibited seasonality, resulting in a stronger second half. This trend continues and our second half will also benefit from contributions from the acquisitions made in July and December 2007. As announced in the trading update issued on 28 January 2008, we have experienced an increased level of caution in our markets, however we continue to win new business across the group. We are confident that the diversity and spread of our offerings and client base, together with our strong operational management and sales organisation, position us well. Our high level of cash conversion and recurring revenues also give us the robust financial foundations from which to achieve our objectives for the future."

Click Here to download the Interim Results

Enquiries:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Cenkos Securities plc
Stephen Keys - 020 7397 8900

Smithfield
Tania Wild/Reg Hoare - 020 7360 4900

28 January 2008
Maxima Holdings plc ("Maxima" or the "Company") 

Maxima Holdings plc, (AIM: MXM), the integrated IT solutions and managed services company, today confirms that it will publish Interim Results for the first half year ending 30 November 2007 on Tuesday 5 February 2008.

Trading in the first half year was solid and results are expected to be well ahead of the first half of the prior year, in terms of revenues, profits and earnings per share. Towards the end of the period, however, several major work packages with a large client were terminated prematurely as a result of a vendor consolidation exercise. This resulted in the work transferring to a tier 1 Global IT Services player. Various actions were taken to mitigate this loss of business and which were expected to minimise the impact on Maxima's full year result. Certain business, however, expected to be won during the second half year as a result of these actions, and in some other areas of the business, is experiencing client delays, not helped by broader current market uncertainties. As a consequence, Maxima now expects results for the full year to be below market expectations, although still showing growth in revenues, profits and earnings per share.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Smithfield
Tania Wild / Reg Hoare - 020 7360 4900

07 January 2008

Maxima Holdings plc ("Maxima" or the "Company")

Maxima Holdings plc, (AIM: MXM), the integrated IT solutions and managed services company, today confirms it has completed the acquisition of the trade and assets of Eclectic Group Limited, a subsidiary of Glen Group plc (AIM: GLN), which was announced on 19 December 2007.

The acquisition is in line with Maxima's consolidation strategy within the fragmented IT services sector and is anticipated to be earnings enhancing in the year ending 31 May 2009.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Smithfield
Tania Wild / Reg Hoare - 020 7360 4900

19th December 2007  

Maxima Holdings plc, (AIM: MXM), the integrated IT solutions and managed services company, is pleased to announce the proposed acquisition of the trade and assets of Eclectic Group Limited ("Eclectic") a subsidiary of Glen Group plc. (AIM: GLN)

Acquisition Highlights:

• Total consideration of up to £3.0m payable in cash, expected to be financed from Maxima's operational cash flows and existing facilities with Barclays Bank plc.
• The transaction is subject to approval of shareholders of Glen Group plc in a general meeting to be held on 4 January 2008.
• The acquisition is in line with Maxima's consolidation strategy within the fragmented IT services sector.
• The Board anticipates that it will be earnings enhancing in the Company's financial year ending 31 May 2009.

Eclectic supplies software, consultancy, support and training in the areas of Business Intelligence and Corporate Performance Management (CPM). It has three practices, operating in partnership with Business Objects (Platinum Partner), Oracle (Certified Advantage Partner) and Microsoft (Gold Partner). CPM systems help organisations improve performance through effective information reporting and analysis. By providing accurate and consistent views of performance relating to employees, products, services and customers, these systems empower people to make better and more informed decisions about their business. Eclectic has a broad client base including, Scottish Power, Costa Coffee, First Milk, Herbert Smith, National Australia Group, the Foreign & Commonwealth Office and University College, London.

Eclectic has some 60 staff that will transfer to Maxima with the trade and assets under TUPE legislation.  All the senior management team of Eclectic are committed to join Maxima. Eclectic is based in Glasgow with a subsidiary office in Reading; it is proposed that these will be largely consolidated into Maxima's existing offices.

In the 14 month period ended 30 September 2006, Eclectic generated revenues of £5.03 million and reported an operating profit adjusted for intra-group charges of £0.35 million.  In August 2007 Eclectic acquired and has subsequently integrated I G Software Ltd which traded as inGroup; in the 12 month period ended 31 December 2006 inGroup generated revenues of £1.45 million and made an operating loss of £0.1 million.

The consideration of up to £3.0 million will be satisfied by a cash payment of £2.25 million at completion.  A second payment of not more than £0.75 million will be made on 17 March 2008, having made adjustments for deferred income, pre-payments and costs accrued prior to transfer of the trade and assets.

Commenting on the acquisition, Kelvin Harrison, Chief Executive said:

"I very much look forward to the Eclectic team joining Maxima.  Maxima has for many years had a business intelligence capability.  This acquisition will transform us into leaders in the field of Corporate Performance Management, greatly increasing the strength of our offering to our enterprise software clients."

John Nicoll, Managing Director of Eclectic, added:

"There is a strong cultural fit between Eclectic and Maxima.  Joining the Maxima group provides us with greater momentum in targeting larger business opportunities and the ability to offer our specialist Corporate Performance Management skills and services to Maxima's substantial client base."

For further information please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Smithfield
Tania Wild / Reg Hoare - 020 7360 4900

16 November 2007

The Company has been notified that on 15 November 2007 the following transactions occurred:

i)  Boris Huard, Chief Operations Officer purchased 20,000 ordinary 1p shares at 288.5p per share.

ii) Mark Morris, Non-executive Director purchased 8,665 ordinary 1p shares at 288.5p per share.

iii)Kelvin Harrison, Chief Executive sold 20,000 ordinary 1p shares at 288.5p per share.

iv) Linda Andrews, Finance Director sold 8,665 ordinary 1p shares at 288.5p per share.

Following these transactions, these director's holdings are as follows:

Director      Interest in Ordinary Shares       Total Holding as a percentage of issued share capital
                                        

Boris Huard                 20,000                        0.08%
Mark Morris                   8,665                        0.03%
Kelvin Harrison       3,565,429                        14.31%
Linda Andrews          590,404                         2.37%


The total number of shares (4,207,201) held by members of the board remains unchanged as a result of these transactions, representing 16.88% of the issued shared capital.

For further information please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Cenkos - Nominated Advisor to the Company
Stephen Keys - 020 7397 8900

Smithfield
Tania Wild / Reg Hoare - 020 7360 4900

12 November 2007

Maxima Holdings plc ("Maxima" or the "Company")

Maxima, the integrated IT Solutions and Managed Services company, announces the grant of options over 310,000 ordinary 1p shares to Boris Huard who recently joined as Chief Operations Officer. The options may normally be exercised between 3 and 10 years after grant, providing that certain performance criteria have been met. The exercise price is 303.5p, the closing mid-market price on the day of grant. This award falls within ABI guidance for share-based incentive schemes.

For further information please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Cenkos - Nominated Advisor to the Company
Stephen Keys - 020 7397 8900

Smithfield
Tania Wild / Reg Hoare - 020 7360 4900

07 November 2007

Maxima Holdings plc (the "Company")

The Company has published its Annual Report and Accounts for the year ended 31 May 2007 and has distributed these to shareholders.  The document can be viewed on the Company's website: http://www.maxima.co.uk/

19 October 2007

Maxima is today hosting a site visit for investors and analysts at their offices in Cheltenham. Case studies will be presented of the activities in both the Maxima Solutions and the Managed Services divisions, as well as an illustration of Maxima's approach to the integration of acquisitions. No material new information will be disclosed in the presentations. At the same time, Maxima today announces the following update on current trading:

Maxima is pleased to report that since the start of its financial year on 1 June 2007 it has won a total of 39 new clients broadly spread across the different business areas. Cross-selling is steadily increasing as the acquisitions become fully integrated within Maxima. Further to this, significant additional business and substantial numbers of managed service and support contracts have been renewed from Maxima's existing client base.  This includes the sale of four of its new IT solutions for the construction sector based upon Microsoft Dynamics AX which was announced in April this year.

The Company is also pleased to announce the successful completion of two important projects.  Firstly, the go-live after a four month accelerated implementation and full validation of the manufacturing solution for a leading pharmaceutical company, based upon QAD applications software.  Secondly, the successful upgrade to Oracle R12 of the systems of a major insurance company, one of the first such upgrades to be carried out in the UK.

Overall trading remains in line with expectations.

Kelvin Harrison, Maxima's Chief Executive said: "It has been a good start to the year for Maxima as we continue to extend our existing client relationships and grow the pool of new customers in our core sectors.  We are now able to offer our clients full end-to-end applications and infrastructure software solutions and managed services which we continue to develop. We will report our interim results for the six months ending 30 November 2007 in early February 2008."

For further information please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Cenkos - Nominated Advisor to the Company                 
Stephen Keys - 020 7397 8900

Smithfield
Tania Wild / Reg Hoare - 020 7360 4900

18 October 2007

Maxima Holdings plc (AIM:MXM), the acquisitive IT Solutions and Managed Service Company, is pleased to announce that it has been awarded a £3.5 million, three year managed services contract from Towergate Partnership Ltd. The contract is to provide Incident, Infrastructure and Problem Management services to over 100 offices and 3,500 staff within Towergate, the largest independently owned insurance intermediary in Europe. Towergate became a client of Maxima following the acquisition of Centric Networks in July 2007.

Kelvin Harrison, Chief Executive of Maxima said: "We are delighted to have extended the contract with Towergate, proving the value in our managed service offering, as well further strengthening the relationship between our two businesses. Revenues from this contract will help to underpin expectations for the current and next two financial years."

Mike Newman, Towergate's IT Director added: "It is an absolute must-have for insurance brokers to work with a first rate IT provider. I am very pleased with the service we have already received from Maxima. Their proven experience and capabilities with both Microsoft and Citrix made the decision to extend the contract easy for us and I look forward to our continued working relationship."

For further information please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Cenkos - Nominated Advisor to the Company
Stephen Keys - 020 7397 8926

Smithfield
Tania Wild / Reg Hoare - 020 7360 4900

10 October 2007  

Maxima Holdings plc, (AIM: MXM) the acquisitive IT Solutions and Managed Services Company is pleased to announce that Boris Huard (35) will join the Board of Maxima as Chief Operations Officer on 29 October 2007. 

Boris was previously Sector Director (Banking) with LogicaCMG, joining the group following its acquisition of Unilog s.a. in 2006.  Boris started at Unilog in 1998, and moved to the UK in 2001 upon Unilog's acquisition of the Technology Division of MarchFirst from the receivers. As Business Development Director and then Business Unit Director he restored the business to profitablity and grew it by acquisition and organic development.  At the time of the acquisition by Logica, the business unit he was managing was achieving 30% profit before tax. Unilog specialised in enterprise software integration, partnering with Microsoft, Oracle, SAP and Business Objects.

Boris has a Master's Degree from the Ecole Centrale de Marseille in Aerodynamics.  His career has included research, software engineering and system implementation, before moving into sales and general management.

Mr Huard holds no other directorships and holds no shares in Maxima Holdings plc.  There are no other details to be disclosed under Schedule 2(g) of the AIM rules.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Smithfield
Tania Wild - 020 7360 4900

Cenkos - Nominated Advisor to the Company
Stephen Keys - 020 7397 8926

27 September 2007

Maxima Holdings plc ("Maxima")

Jeremy Prescott has retired from his position as Non-Executive Director of Maxima and Chairman of the audit committee. The board would like to thank Mr Prescott for his advice over the 3 years he has been a Non-Executive. Mark Morris will become Chairman of the Audit Committee.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Smithfield
Tania Wild - 020 7360 4900

27 September 2007

Maxima Holdings plc ("Maxima")

The Annual General Meeting of Maxima Holdings plc ("Maxima"), the AIM listed provider of software and IT solutions, was held today. All the resolutions contained within the Notice of the Meeting were duly passed.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive - 01242 211211
Linda Andrews, Group Finance Director - 0141 880 1000

Smithfield
Tania Wild - 020 7360 4900


                     

18 September 2007
Maxima Holdings plc ("Maxima" or the "Company")

Maxima Holdings plc has issued 1,064 shares as a result of the exercise of options under the SAYE scheme. Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 24 September 2007. Following admission the Company has an issued share capital of 24,916,869.

14 August 2007

Maxima Holdings plc ("Maxima" or the "Company")

Maxima Holdings plc, (AIM: MXM.L) the AIM listed provider of IT solutions and managed services, today announces its preliminary results for the year to 31 May 2007 which have come in slightly ahead of market expectations.

Financial Highlights

• Revenues up 66% to £31.8m (2006: £19.1m)
• Recurring revenues remain at 56% of turnover
• Operating profit* up 85% to £6.3m (2006: £3.4m), an operating margin of 19.7% (2006: 17.5%)
• Profit before tax* up 76% to £5.8m (2006: £3.3m)
• Statutory profit before tax up 62% to £4.2m (2006: £2.6m)
• Net debt at 31 May 2007 of £6.6m (2006: £3.1m), after net cash outflows on acquisitions of £15.2m. A placing of shares in May 2007 raised £11.5m net.
• Adjusted earnings per share* up 46% to 25.9p (2006: 17.8p)
• Final dividend up 36% to 3.4p (2006: 2.5p) per share proposed, making a total dividend of 5.2p for year (2006: 4.0p)

* before exceptional items, amortisation of intangibles and share based payments

Operational Highlights

• Four acquisitions made and successfully integrated
• Benefits of scale and cross selling now becoming evident
• Investment in developing a Microsoft Dynamics AX based solution for the construction sector
• Commencement of fully staffed 24x7 support and managed service operations
• Market conditions favourable and organic growth increasing

Chief Executive, Kelvin Harrison commented "Maxima has had an excellent year during which our corebusinesses have performed well whilst we made four further acquisitions. We now have a complete offering of application and infrastructure software solutions and managed services and provide our clients with a onestop - shop for all their IT needs.

The new financial year has got off to a good start with some important contract renewals and key new business wins including our first major Microsoft Dynamics AX project, as well as the acquisition of Centric Networks Ltd. Maxima is in an exciting phase of its development as we now build greater scale within our chosen markets."

Click here for full press release PDF - 90Kb

For further information please contact:

Maxima
Kelvin Harrison, Chief Executive Tel: 01242 211211
Linda Andrews, Group Finance Director Tel: 0141 880 1000

Cenkos
Stephen Keys Tel: 020 7397 8926

Smithfield
Tania Wild / Reg Hoare Tel: 020 7360 4900

07 August 2007

Maxima Holdings plc ("the Company")

Please be advised that the information relating to the Company which is required to be disclosed pursuant to AIM Rule 26 is available on http://www.maxima.co.uk./

 

20 July 2007

Acquisition of Centric Networks Ltd

Maxima Holdings plc, (AIM: MXM), the acquisitive IT solutions and managed services company, is pleased to announce the acquisition of Centric Networks Limited ("Centric") for a total consideration of up to £6.4m payable in cash and shares.

Centric provides managed services for infrastructure software to a broad range of clients in the mid-market.  The acquisition is in line with Maxima's consolidation strategy within the fragmented IT services sector.  The Board anticipates that it will be earnings enhancing in the current financial year ending 31 May 2008.

Click here for full press release PDF - 116Kb

2 July 2007

Maxima Holdings plc ('Maxima' or the "Company"), the IT systems integration and managed services group, is pleased to announce the appointment of Mark Morris FCA (47) as a Non Executive Director of the Company with immediate effect.

Mark is a Chartered Accountant who worked in audit, business advisory and corporate finance with Price Waterhouse before joining Sytner Group, the UK's largest retailer of prestige cars operating from over 100 dealerships across the UK, as Finance Director in 1995. The Group grew rapidly, both organically and through acquisition, and was listed on the London Stock Exchange in 1997. Mark was subsequently appointed Managing Director and when he left in 2005 the Group had grown to EBITDA of £46 million on revenues of £1.6 billion (from c.£50 million in 1995).

Mark is currently a non-executive director of Christian Salvesen plc, LSL Property Services plc, and a number of private companies. There are no other details to disclose under schedule 2(g) of the AIM rules. Mr Morris has no interest in any shares in the Company.

Commenting on the appointment, Kelvin Harrison, Chief Executive said: "I am delighted to welcome Mark onto Maxima's board. His wealth of experience of finance, general management and M&A activities in high growth service businesses is directly relevant to Maxima."

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive                         01242 211211
Linda Andrews, Group Finance Director              0141 880 1000

Smithfield
Tania Wild / Reg Hoare                                      020 7360 4900

13 June 2007

Maxima Holdings plc
("Maxima" or the "Company")

Maxima Holdings plc (AIM:MXM), the acquisitive IT solutions and managed services provider, announces an update on trading for its financial year ended 31 May 2007.

The Board is pleased to confirm that trading across both operating businesses of the Company (Solutions and Managed Services) has been solid and that it therefore expects revenues, profits and earnings per share to be in line with market expectations. Net debt at 31 May 2007 was £6.5 million.

In line with its declared strategy, Maxima successfully completed four acquisitions during the year. Two of these, Cognition Solutions Ltd and SevenThree Ltd are enterprise software solutions businesses with a focus on the construction sector. The other two, IIL (Intertech Solutions Ireland) Ltd and 3net Ltd are managed services businesses specialising in infrastructure software. These acquisitions have now been fully integrated, both at the front office in terms of integrated solutions and managed services to our clients and at the back office in terms of business processes and internal information systems.

In total seventy one new customers were won during the year, spread broadly across the different areas of the business. In particular Solutions won eleven new customers for SAP Business One and two for QAD Applications in the Healthcare and Automotive sectors where we have a strong track record; we also won the first contract for our newly launched construction industry software solution based upon Microsoft Dynamics AX. In Managed Services significant new business has been won, particularly as a result of our strong skills in Citrix and Oracle technologies.

Within our existing customer base, levels of contract renewals have been high and we are benefiting increasingly from cross-selling of the additional skills and services now available as a result of our acquisition strategy. For example, using the skills of SevenThree Limited acquired in March 2007, we have recently won a major contract for Microsoft CRM (Customer Relationship Management) software from a long-standing industrial client who uses QAD Applications ERP (Enterprise Resource Planning) software.

Notice of Results

Maxima will announce Preliminary Results for the full year, together with details of the proposed final dividend payment, on 14 August 2007.

Kelvin Harrison, Maxima's Chief Executive said: "It has been an exciting year for Maxima as we have acquired and carefully integrated four more excellent businesses. We are now able to offer our clients full end-to-end applications and infrastructure software solutions and managed services. It is also gratifying that the benefits of Maxima's acquisition strategy are now clearly visible in terms of consistent growth and improved profitability.

We have started the new financial year with a strong order book and continue to source attractive acquisition opportunities."

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive                         01242 211 211
Linda Andrews, Group Finance Director                    0141 880 1000

Cenkos
Stephen Keys/Adrian Hargrave                             020 7397 8900

Smithfield
Tania Wild/Reg Hoare                                     020 7360 4900

29 May 2007

Maxima Holdings plc
("Maxima" or the "Company")

Maxima Holdings plc (AIM:MXM) was today informed that Liontrust Investment Services Limited ("Liontrust") has an interest in 1,846,550 ordinary shares in the Company which represents approximately 7.56% of the issued share capital of Maxima. 

 

Maxima Holdings PLC
24 May 2007

("Maxima" or the "Company")

Maxima Holdings plc (AIM:MXM) was today informed that Herald Investment Management Limited ("Herald") has an interest in 1,112,000 ordinary shares in the Company which represents approximately 4.55% of the issued share capital of 24,430,682 Maxima shares.

24 May 2007

Maxima Holdings plc ("Maxima" or the "Company")

Completion of Acquisition of 3net Limited ("3net")

Maxima Holdings plc, (AIM: MXM), the acquisitive IT solutions and managed services company, is pleased to announce that the acquisition of 3net Limited, conditionally announced on 1 May 2007 successfully completed today. 

Click here for full press release PDF - 97Kb

23 May 2007

Maxima Holdings plc ("Maxima" or the "Company")

Maxima Holdings plc, (AIM: MXM), the acquisitive IT solutions and managed services company, is pleased to announce that at the EGM today all the proposed resolutions were passed. 

For further information, please contact:

Maxima Kelvin Harrison, Chief Executive Linda Andrews, Group Finance Director	01242 211211 0141 880 1000
Cenkos Stephen Keys/Adrian Hargrave	020 7397 8900
Smithfield Tania Wild/Reg Hoare	020 7360 4900

04 May 2007

Maxima Holdings plc (the "Company")

The Company was informed today that Hargreave Hale Limited has an interest in 973,859 ordinary shares in the Company which represents approximately 5.25% of the issued share capital of the Company.

For further information, please contact:

Maxima Holdings plc

Kelvin Harrison, Chief Executive 01242 211 211
Linda Andrews, Group Finance Director 0141 880 1000

Smithfield
Reg Hoare / Sam Botterill 020 7360 4900

 

1 May 2007

Proposed Acquisition of 3net Limited, Placing of new ordinary shares to raise £11.5 million, Notice of EGM.

Maxima Holdings plc, (AIM: MXM), the acquisitive IT solutions and managed services company, is pleased to announce that it has conditionally agreed to acquire the entire share capital of 3net Limited ("3net").

Click here for full press release PDF - 111Kb

16 April 2007

Maxima Holdings Plc ("Maxima" or "the Company)

Maxima Holdings Plc (AIM:MXM), the acquisitive AIM listed IT systems integrator and managed services provider, today announces that it has signed an agreement with Microsoft to become a partner for Microsoft Dynamics AX (formerly Microsoft Axapta).

The agreement builds upon its existing partnership agreement for Microsoft Dynamics CRM, its recent acquisition of leading Microsoft CRM partner, SevenThree Limited, as well its status as a Microsoft Gold Certified Partner.

Microsoft will be working closely with Maxima in this new initiative to build a substantial business around Microsoft Dynamics AX - focusing initially on the Construction Industry.

Maxima has already enjoyed considerable success in this industry with its existing construction accounting and service management solution, Intellect, used by over 300 customers in the UK. Maxima will be extending the capabilities of Microsoft Dynamics AX with specific industry modules for the Construction Industry.

"Today's customers demand complete solutions that meet their organisation's unique needs," said Paul White, UK General Manager for Microsoft Business Solutions. "We're addressing that demand by combining vertical applications developed by companies such as Maxima with the core functionality and deep customisation options offered in Microsoft Dynamics AX."

Paul White continues, "Expanding the industry-specific functionality of all our business management products is key element of our competitive sales strategy worldwide. As one of the first partners in the UK to take this approach with Microsoft Dynamics AX, we will be supporting Maxima every step of the way."

Kelvin Harrison, Maxima's CEO said, "We are delighted to have signed this agreement with Microsoft. Microsoft Dynamics AX will complement our current solution offering and enable us to offer both existing customers and new prospects a complete business management solution. Its also further strengthens our Microsoft relationship."

For further information, please contact:

Maxima

Kelvin Harrison, Chief Executive                                01242 211 211
Linda Andrews, Group Finance Director                     0141  880 1000

Cenkos
Stephen Keys/Max Hartley                                       020 7397 8900

Smithfield
Reg Hoare/Sam Botterill                                           020 7903 4900

 

20 March 2007

Maxima Holdings plc ('Maxima')

In conformity with the Transparency Directive's transitional provision 6, Maxima Holdings plc, the IT solutions and managed services group, would like to notify the market of the following:

As at 20 March 2007, the issued share capital and voting rights of Maxima are as follows:

Maxima's share capital consists of 18,536,475 ordinary 1p shares with voting rights attached (one vote per ordinary share). Therefore the total number of voting rights in Maxima is 18,536,475.

The above total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Maxima under the FSA's Disclosure and Transparency Rules.


For further information, please contact:

Maxima Holdings plc
Kelvin Harrison, Chief Executive 01242 211 211
Linda Andrews, Group Finance Director 0141 880 1000

Smithfield
Reg Hoare / Sam Botterill 020 7360 4900

7 March 2007 

Maxima Holdings plc, (AIM: MXM), the acquisitive IT solutions and managed services company, is pleased to announce the acquisition of SevenThree Limited ("SevenThree") for a total consideration of £1.1m.

Click here for full press release PDF - 132Kb

19th February 2007

The Company was informed today that Amvescap plc has an interest in 1,031,975 ordinary shares in the Company which represents approximately 5.62% of the issued share capital of the Company.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive 01242 211 211
Linda Andrews, Group Finance Director 0141 880 1000

Smithfield
Sara Musgrave/Tania Wild 020 7360 4900

25 January 2007

Maxima Holdings plc ('Maxima' or the "Company"), the IT systems integration and managed services group, is pleased to announce the appointment of Kim Annette Nicholson (46) as a non executive director of the Company with immediate effect.

Ms Nicholson was previously a partner with Olswang, solicitors, specialising in corporate transactions in the technology, media and telecoms sector. She was also previously a director of Mood Media Group SA.

There are no other details to disclose under schedule 2(g) of the AIM rules. Ms Nicholson has no interest in any shares in the Company.

Commenting on the appointment, Kelvin Harrison, Chief Executive said "As Maxima continues to grow, the Board will be strengthened by Kim's extensive corporate finance experience in the information technology sector, where she is regarded as a leader in her field. We warmly welcome her onto the Board."

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive 01242 211 211
Linda Andrews, Group Finance Director 0141 880 1000

Smithfield
Sara Musgrave/Tania Wild 020 7360 4900

18 January 2007

In conformity with the Transparency Directive's transitional provision 6, Maxima Holdings plc, the IT solutions and managed services group, would like to notify the market of the following:

As at 18 January 2007, the issued share capital and voting rights of Maxima are as follows:

Maxima's share capital consists of 18,361,360 ordinary 1p shares with voting rights attached (one vote per ordinary share). Therefore the total number of voting rights in Maxima is 18,361,360.

The above total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Maxima under the FSA's Disclosure and Transparency Rules.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive 01242 211 211
Linda Andrews, Group Finance Director 0141 880 1000

Smithfield
Sara Musgrave/Tania Wild 020 7360 4900

9 January 2007

Maxima has issued 250,000 ordinary 1p shares pursuant to the exercise of share options at 110p by Geoff Bicknell, former Finance Director of the Company.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Dealing is expected to commence in these shares on 12 January 2007.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive                              01242 211 211
Linda Andrews, Group Finance Director                   0141 880 1000

Smithfield
Sara Musgrave/Tania Wild                                      020 7360 4900

21 December 2006 

In conformity with the Transparency Directive's transitional provision 6, Maxima Holdings plc, the IT solutions and managed services group, would like to notify the market of the following:

As at 21 December 2006, the issued share capital and voting rights of Maxima are as follows:

Maxima's share capital consists of 18,111,360 ordinary 1p shares with voting rights attached (one vote per ordinary share). Therefore the total number of voting rights in Maxima is 18,111,360.

The above total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Maxima  under the FSA's Disclosure and Transparency Rules.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive                              01242 211 211
Linda Andrews, Group Finance Director                   0141 880 1000

Smithfield
Sara Musgrave/Tania Wild                                      020 7360 4900

18 December 2006

Transition to International Financial Reporting Standards

Maxima Holdings plc ('Maxima' or the 'Group'), the IT systems integration and managed services group, is adopting International Financial Reporting Standards (IFRS) for the financial year ended 31 May 2007, ahead of the required timeframe for AIM quoted companies. Previously the Group has applied United Kingdom generally accepted accounting principles (UK GAAP).

Maxima's first published financial statements under IFRS will be in respect of the six months ended 30 November 2006, with the first Annual Report and Accounts prepared on this basis being in respect of the year ending 31 May 2007 ("2007").

This document explains the impact of the adoption of IFRS on the Group's results and quantifies the expected impact on 2006 financial information which will be used for comparison purposes, including the May 2005 balance sheet, previously prepared under UK GAAP.

Adoption of IFRS will have no effect on the Group's strategy, operations of its business or its trading cash flows. Distributable reserves in Maxima are also unaffected.

Click here for full press release PDF - 518Kb

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive                              01242 211 211
Linda Andrews, Group Finance Director                   0141 880 1000

Smithfield
Sara Musgrave/Tania Wild                                      020 7360 4900

13 December 2006

The Board of Maxima Holdings plc is pleased to announce the appointment of Cenkos Securities plc as its Corporate Broker and Nominated Adviser with immediate effect.

Maxima
Kelvin Harrison, Chief Executive                              01242 211 211
Linda Andrews, Group Finance Director                   0141 880 1000

Smithfield
Sara Musgrave/Tania Wild                                      020 7360 4900

12 December 2006

Section 198 Companies Act 1985 ('the Act')

("Maxima" or "the Company")

The Company was notified on 8 December 2006 that following the purchase of 70,000 Maxima shares on 4 December 2006,  Liontrust Asset Management had an interest in 1,828,786 Ordinary Shares of 0.01p each in Maxima, representing 10.10% of  the total issued share capital of the Company.

Maxima Holdings plc, the IT solutions and managed services group, announces an update on trading for the six months ended 30 November 2006. The business continues to successfully pursue its acquisitive and organic growth strategy, and will report expected revenues and profits significantly up year on year.

Maxima operates through two trading businesses, Maxima Solutions and Maxima Managed Services. A strong characteristic of both businesses continues to be their success at long-term customer relationships, leading to high levels of recurring revenues, with good operating profit margins. It is also pleasing to see the benefits of strong cooperation between the operating units both in sales and delivery.

Maxima Solutions has grown organically, winning eight new clients during the period, and its business has been strengthened with the acquisition of Cognition Solutions Ltd in October 2006. Cognition has a customer base of almost 300 organisations.

Maxima Managed Services has also grown organically, winning eight new clients during the period, and acquired IIL (Intertech Solutions Ireland) Ltd in November 2006. Intertech has a customer base of some 100 organisations with whom it has managed support service agreements.

Maxima will announce its interim results on 27 February 2007, together with details of the interim dividend payment. The results will be reported under IFRS for the first time. In a separate statement, due to be released later this month, the impact of IFRS will be explained along with a historical half-year and full-year restatement of results for comparison purposes.

Kelvin Harrison, Maxima's Chief Executive said:

"Maxima has more than doubled in size since floating on AIM two years ago. In 2007 we will continue to grow the business both organically and by acquisition. Major new product releases from Microsoft, such as the Vista operating system, Dynamics, Office 2007 and Sharepoint 2007 strongly position the Group for organic growth. In addition, our pipeline of acquisition opportunities continues to be strong and we expect to make further announcements in due course."

Maxima
Kelvin Harrison, Chief Executive                              01242 211 211
Linda Andrews, Group Finance Director                   0141 880 1000

Seymour Pierce
Mark Percy/John Depasquale                                 0207 107 8000

Smithfield
Sara Musgrave/Tania Wild                                      020 7360 4900

Maxima (AIM: MXM.L), the IT solutions and managed services company, is pleased to announce that its recently acquired subsidiary, IIL (Intertech Solutions Ireland) Ltd ("Intertech") has been awarded a contract worth £2.9 million over a four year period for the provision and operation of a large Citrix based IT infrastructure platform.

The contract is for the set up and application management of a global work-share facility on behalf of a multinational petrochemical corporation. The systems will be hosted within a major European data centre. The facility will allow globally dispersed engineers working collaboratively on a major design project to access Intergraph's SmartPlant software via Citrix on a single instance of an Oracle database. The project is innovative in the bringing together of all elements of the latest Citrix Access solution, along with key Microsoft and Citrix third party utilities. The contract also includes the provision of a true 24x7 Managed Services facility for users based all over the world. This solves an age-old IT problem of bringing various databases together at the end of an engineering design project.

Kelvin Harrison, Maxima's Chief Executive said:

"This news confirms the benefit to Intertech of becoming part of the AIM-listed Maxima group, with its deep Oracle and Microsoft skills. Whilst the client saw greater security in dealing with the larger group, Maxima was also able to assist Intertech in the negotiation of improved contract terms. We are nowstrongly positioned to bid for other similar specialist projects in the future and this contract win helpsunderpin the existing expectations for the Company's 2007 financial year"

Maxima (AIM:MXM.L), the IT solutions and managed services company, is pleased to announce the acquisition of IIL (Intertech Solutions Ireland) Limited ("Intertech") for a total consideration of €6.1million (£4.1million). Intertech provides IT infrastructure solutions and managed services based upon Citrix technologies. Intertech operates principally in Ireland where it is the largest reseller and only platinum partner of Citrix in the Republic of Ireland. The acquisition is in line with Maxima's consolidation strategy within the fragmented IT services market. The Board anticipates that it will be earnings enhancing in the current financial year ending 31 May 2007.

Intertech has a customer base of some 100 organisations with whom it has managed service support agreements, principally for the Citrix software solutions; these are in the three same market segments in which Maxima already operates, namely manufacturing, public sector and financial services. Citrix Systems Inc provides a suite of application delivery infrastructure software products which provide high speed, secure access to any application software from any location over any network. Citrix has numerous partners in Ireland and the UK, however Intertech has attained a pre-eminent position in the Irish market. It has been partner of the year for the last 3 years and in 2006 won 4 of Citrix's 6 partner awards for Ireland.

Click here for full press release PDF - 105Kb

Maxima (AIM: MXM.L), the IT solutions and managed services company, is pleased to announce the acquisition of Cognition Solutions Limited ("Cognition") for a total consideration of £7.4m. Cognition supplies ERP (Enterprise Resource Planning) software solutions and services to the construction and facilities management sector, and will fit well with Maxima's existing solutions business. The acquisition is in line with Maxima's consolidation strategy within the fragmented IT services market. The Board anticipates that it will be earnings enhancing in the current financial year ending 31 May 2007.

Cognition has a customer base of almost 300 organisations which have bought solutions based on the "Intellect" product developed, owned and exclusively sold and supported by Cognition. These clients range from major organisations such as Alfred McAlpine Business Services Ltd, The Murphy Group and Accord plc to smaller construction companies and local authorities. 19 new customers have been won in the last year. Functionality has been continually enhanced to meet the evolving needs of the client base; for example, Intellect recently became the first product to be approved by HMRC for use with its new CIS (Construction Industry Scheme) reforms. Features include accounts, costing, payroll and management information systems, as well as specialist modules for plant hire, maintenance management, property management and mobile data solutions.

Click here for full press release PDF - 41Kb

Maxima Holdings plc (AIM: MXM), the AIM listed provider of IT solutions and managed services, has today granted performance related Options in accordance with the Rules of the Unapproved Share Option Scheme over 160,000 Ordinary Shares of 1p each ('Ordinary Shares') to Linda Andrews, Group Finance Director.

The exercise price of these options is 155p.

These Options may be exercised from 28th September 2009 until 28th September 2016 if the Company's EPS taken over the Performance Period is equal to or exceeds the cumulative increase in the RPI plus 3% per annum at the end of such Performance Period. For this purpose, the EPS for the Base Year shall be taken to be 18.1 pence per share.

In addition to the options granted today, Linda Andrews currently has Options over 90,000 shares at an exercise price of 110p which will conditionally be exercisable in November 2007 in accordance with the Rules of the EMI Scheme.

Other than the Options described above, Linda Andrews holds 599,069 Ordinary Shares representing approximately 3.7% of the issued share capital of the Company.

For further information, please contact:

Maxima Holdings plc
Kelvin Harrison, Chief Executive                           01242 211 211
Linda Andrews, Group Finance Director                0141 880 1000

Smithfield
Sara Musgrave / Tania Wild                                 020 7360 4900

The Company has been informed that on 30 August 2006 Linda Andrews, the Company's Finance Director, acquired the beneficial ownership of 774 shares in the Company at a price of #1.59 per share. Linda Andrews now holds 599,069 ordinary shares representing approximately 3.7% of the issued share capital of the Company.

The results and financial statements of Maxima Holdings plc, 2006, are available for download from our Investor Relations pages.

Click here to download the report

Maxima Holdings plc (AIM:MXM), the acquisitive, AIM-listed IT systems integrator and managed services provider, announces an update on trading for the year to 31 May 2006.

The Board is pleased to confirm that it expects revenues and operating profit to be in line with market expectations and ahead of 2005 results.

In line with its strategy stated at the time of the IPO, Maxima has successfully completed four acquisitions during the financial year just ended. All acquisitions have been fully integrated and are performing well. Cost savings and positive synergies from cross-selling and cross-resourcing have been delivered on time and in line with expectations.

As a result of these acquisitions, Maxima has structured the Group to operate as two trading businesses, Maxima Solutions and Maxima Managed Services.

Maxima Solutions delivers and supports enterprise and document management software solutions based upon its own IPR and leading products from vendors such as SAP, QAD and Microsoft. 29 new clients have been won during the year and recurring revenues from the client base continue to be strong.

Maxima Managed Services has been formed by the merger of Hanston Technology Partners, acquired in September 2005 and QED Business Systems acquired in May 2006. Both businesses have secured substantial new orders from their existing client base since being acquired by Maxima, while Hanston has won an additional nine new customer accounts. Cash generation has been strong. There were net cash outflows of £12.1m on acquisitions. A placing of shares in September 2005 raised £4.8m net and at year end net debt was £3.1m.

Maxima will announce preliminary results for the full year, together with details of the proposed final dividend payment, on 17 August 2006.

Kelvin Harrison, Maxima's Chief Executive said:

"Flotation on AIM in November 2004 has enabled Maxima to successfully pursue its ambitions as a consolidator in the IT services sector. Since floating our headcount has more than doubled to over 200 and we are reaping the benefits of scale, which are showing through in increased operating margins. We continue to uncover a healthy supply of acquisition opportunities of IT service companies that fit our stated criteria and expect further announcements in the coming months."

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive              01242 211211
Linda Andrews, Group Finance Director   0141 880 1000

Seymour Pierce
Mark Percy/John Depasquale                  0207 107 8000

Smithfield
Sara Musgrave/Tania Wild                       020 7903 0676

 

The Company has been informed that on 19 May 2006 Linda Andrews, the Company's Finance Director, acquired the beneficial ownership of 726 shares in the Company at a price of £1.62 per share. Linda Andrews now holds 598,295 ordinary shares representing approximately 3.7% of the issued share capital of the Company.

Maxima Holdings plc , the acquisitive IT services company delivering enterprise solutions and managed services, today announces that it has won a contract worth up to £4m over a two year period to supply Oracle e-Business suite expertise to a major UK transport infrastructure business.

Maxima will support the client as it removes legacy systems and adds new functionality to its Oracle E business suite as this becomes its core business tool. Applications included are Human Resources, CRM, Supply Chain and Finance along with their processes, all working on one single computer system. Such functionality will improve the flow and control of enterprise data across the business, whilst also delivering new services to both internal and external users for quicker and more consistent decision- making. The client is an existing customer of Hanston, a business acquired by Maxima in September 2005. The agreeme nt demonstrates Maxima's ability to maintain and deepen relationships following its successful integration of the Hanston acquisition.

Kelvin Harrison, Maxima's Chief Executive said:

"I am delighted that Maxima has been successful in further developing client relationships since integrating the business of Hanston. The contract, which is currently one of the largest projects of its kind in the UK, underpins group forecasts for the current year and demonstrates Maxima's continued ability to provide a comprehensive managed service for the technically complex Oracle e-business suite."

Click here for full press release PDF - 250Kb 

Maxima Holdings plc, (“Maxima” or the “Company”), the acquisitive AIM-listed IT software & services consolidator, is pleased to announce its interim results for the six months ended 30 November 2005.

Financial Highlights:

• Revenue up 31% to £8.1million (H1 2004: £6.2million*)
• Gross profit up 33% to £6.1million (H1 2004: £4.6million*)
• Operating profit up 55% to £1.2million** (H1 2004 £0.8million*)
• Adjusted, fully diluted earnings per share up 51% to 7.12p** (H1 2004: 4.7p*)
• Dividend of 1.5p per share (H1 2004: nil) - in line with progressive dividend policy

* all figures stated on a pro forma basis
** pre-amortisation of goodwill and exceptional charges

Operational Highlights:

• New clients won and new technical initiatives taken in all business units
• Two acquisitions made during the half year both making substantial contribution to revenue and profit
• Document & content management solutions provider, Ringwood Group Ltd, in August 2005
• Oracle managed services provider, Hanston Technology Partners Ltd, in September 2005
• Strong pipeline of future acquisition opportunities

Commenting on the results, Mike Brooke, Chairman, said: “Maxima’s foundations of strong recurring revenues and a product and service portfolio which can generate new business, together with our proven ability to source and successfully integrate acquisitions gives me confidence in the Company’s ability to continue to enhance shareholder value.”

Maxima Holdings plc, the acquisitive AIM-listed provider of software and IT solutions to the mid-market, announces an update on trading for the first half year to 30 November 2005.

Maxima expects revenues and operating profit from continuing operations to be ahead of the comparable period in the previous year. The Azur for SAP division has won seven new clients, most notably a major SAP Business One development and implementation project for Otto Bock Healthcare Ltd, a leading manufacturer of prosthetics and orthotics. Azur Business Solutions and Minerva Industrial Systems continue to focus on servicing their substantial existing client bases.

The document management software company acquired in August 2005 has been fully integrated with Azur Business Solutions, Maxima's "own-brand" software business. It has been restored to profitability and is winning new clients again in Financial Services, Healthcare and Local Government. Hanston, the Oracle managed services business we acquired in September 2005, continues to expand in-line with pre-acquisition budgets and has only been integrated at back-office level; it will continue to operate as a stand-alone business. Cross-selling opportunities have been identified across the client bases of the existing and new businesses.

Operating profits and cash flow for the full year are expected to be in line with expectations, although turnover may fall below forecasts as a result of greater proportion of services work.

Maxima continues to consider early adoption of IFRS and will announce results for the first half year, together with details of the interim dividend payment, on 27 February 2006.

Kelvin Harrison, Maxima's Chief Executive said:

"Whilst market conditions continue to be tough, Maxima is holding its own and driving value from carefully targeted acquisitions. We are very pleased with the integration of the two businesses acquired during the period and the opportunities for cross-selling these present. The software and IT services market continues to consolidate and we have a healthy pipeline of further acquisition opportunities."

For further information, please contact:

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive              01242 211211
Linda Andrews, Group Finance Director   0141 880 1000

Seymour Pierce
Mark Percy/John Depasquale                  0207 107 8000

Smithfield
Sara Musgrave/Tania Wild                       020 7903 0676

Maxima Holdings plc, the AIM listed provider of software and IT solutions, today announces its preliminary results for the period from flotation to 31 May 2005, and the pro forma results for the 12 months to 31 May 2005.

Highlights

SUCCESSFUL FLOTATION ON AIM ON 24 NOVEMBER 2004 AS AN IT CONSOLIDATOR

FIRST ACQUISITION, AZUR HOLDINGS LIMITED, BEAT EXPECTATIONS IN TERMS OF
growth and profit

PRO FORMA TWELVE MONTHS ENDED 31 MAY 2005*

Revenue up 13.7% to £14.1 million (2004: £12.4 million)

Operating profit up 50% to £2.2 million (2004: £1.5million)

Operating profit margin up to 15.5% (2004: 11.8%)

Growth achieved across all business divisions

SECOND ACQUISITION, RINGWOOD GROUP PLC, FOR TOTAL CONSIDERATION OF
£2.9million

STATUTORY RESULTS FOR THE PERIOD FROM FLOTATION TO 31 MAY 2005

Revenues of £8.1million

Profit after tax and goodwill amortisation £1.1million

Cash of £2.9million at 31 May 2005

Maiden dividend of 1.5p per share - in line with progressive dividend
policy

PRO FORMA INFORMATION FOR THE GROUP AS IF IT HAD BEEN TRADING IN ITS CURRENT form for the full twelve months to 31 May 2005 (excluding amortisation), and in the prior period. Commenting on the results, Mike Brooke, Chairman, said:

"Maxima has enjoyed a successful debut as a public company, with Azur, its first trading business, exceeding the expectations set at the IPO in November 2004. We remain focused on our strategy of growing the business by acquisition. The Board believes that there are considerable opportunities to create shareholder value through consolidation opportunities within the IT industry and looks to the future with confidence."

Enquiries:

Maxima
Kelvin Harrison, Chief Executive 07801 380 616

Geoff Bicknell, Group Finance Director Seymour Pierce
Mark Percy/John Depasquale 0207 107 8000

Smithfield
Sara Musgrave/Sarah Richardson 020 7903 0676