26 October 2015 – trading update
The company has issued a trading update for the six months to 30 September stating that turnover for the period is expected to be 11% higher than the previous year at £6.15m with adjusted pre-tax profits expected to be at a similar level to last year at £0.56m. Given the fact that the management costs have increased as part of the group’s planned expansion these are encouraging figures. The interim results are set to be released on 30 November and we retain our recommendation of LONG TERM BUY.