1 August 2016 – trading update
The group has revealed that trading in the year to 30 June has been better than previously expected and pre-tax profits are therefore expected to be higher than the £3.3m previously expected. Strict control of cash and working capital management has resulted in net funds at 30 June of £5.4m, up from £3.8m a year earlier. Although it is too early to say what effect Brexit will have on the company although in the five weeks after the referendum the company has continued to see good levels of enquiries. The recent weakness in the share price has presented a good opportunity for investors – BUY.