22 January 2016 – trading update
The company has confirmed that it has enjoyed a strong second half and results for the year to 31 December 2015 are expected to be in line with expectations. This would mean pre-tax profits of £6.4m for earnings per share of 5.6p. Recent acquisitions are trading well and although these purchases will result in an increase in the group’s debt position, the balance sheet remains strong and gearing will be at a similar level to 2014. With further progress expected in 2016 the recent decline in the shares price has presented investors with an opportunity to BUY.