23 January 2018 – trading update
The group has issued a positive update on trading for the year to 31 December with revenues for the year up by 45% to £77.9m helped by acquisitions. The underlying pre-tax profit for the year is expected to be in line with expectations at between £8.6m and £8.8m and the group ended the year with net debt of £14.7m compared to £13.1m a year earlier. This is a little higher than expected but is due to the group carrying higher stock levels to ensure service levels to customers. With further progress expected in the current year the shares remain a BUY.