22 April 2016 – trading update
The group has issued a trading update covering the six months to 31 March confirming that trading for the half year has been in line with expectations. The two acquisitions made during the period have also performed as expected. The company is in early stage negotiations with local authorities regarding increases in fees but it anticipates that the additional costs associated with the introduction of the National Living Wage will be covered by these increases. With further expansion expected at the group we re-iterate our recommendation of BUY.