TIDMSTAF
RNS Number : 3347O
Staffline Group PLC
17 May 2018
For immediate release 17 May 2018
Staffline Group plc
('Staffline' or 'the Group')
AGM Trading Update
Staffline (AIM: STAF), the Recruitment and Employability
organisation, will hold its Annual General Meeting at 11.00am this
morning. At the meeting, Chris Pullen, Chief Executive Officer of
the Group, will make the following statement on current
trading:
"During the first four months of 2018 the Group has traded in
line with Board and market expectations.
Despite a tight labour market, the Recruitment division has
continued to perform strongly. Our size and scale allows us to meet
growing customer demand and the three acquisitions so far this year
have improved our coverage in specific geographic areas. During the
first four months of the year, the Customer Experience strategy has
been rolled out giving unrivalled levels of insight into workers
experiences on a site by site basis. This data will allow us to
benefit both employee and customer retention through previously
unseen feedback. We are confident that this will accelerate our
consolidation of the market in which we already have a strong
leadership position.
In PeoplePlus, the Group's Skills, Employability and Well-Being
services division, the transition away from the Work Programme
contracts remains on track. We are benefiting from our investment
in the Apprenticeship Levy space and have made a good start to
delivering Fair Start Scotland, which launched last month. We
continue to develop a strong pipeline across a number of areas,
including devolved government and prison education.
As a result, we are pleased to confirm that we are trading in
line with market expectations and the Board remains confident of
the Group's growth prospects."
Next trading update
The Group's next scheduled announcement of financial information
will be the interim pre-close trading update on Wednesday 4(th)
July 2018.
For further information, please
contact:
Staffline Group plc
Chris Pullen, Chief Executive
Officer 07786 265344
Mike Watts, Group Chief Financial
Officer 07970 215262
www.stafflinegroupplc.co.uk
investors@staffline.co.uk
Liberum
NOMAD and Joint Broker
Steve Pearce / Joshua Hughes
www.liberum.com 020 3100 2222
Berenberg
Joint Broker
Chris Bowman / Toby Flaux
www.berenberg.com 020 3465 2722
Buchanan
PR and Communications
Richard Oldworth/Jamie Hooper/Madeleine
Seacombe
www.buchanan.uk.com
staffline@buchanan.uk.com 020 7466 5000
Market Abuse Regulation
This announcement is released by Staffline Group plc and
contains inside information for the purposes of the Market Abuse
Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance
with the Company's obligations under Article 17 of MAR. The person
who arranged for the release of this announcement on behalf of
Staffline Group plc was Mike Watts, Group Chief Financial
Officer.
About Staffline
"Enabling the future of work"
Staffline is a leading workforce recruitment and management
organisation providing services, mainly in the UK and Eire, to both
Government and commercial customers. The Recruitment division
(previously 'Staffing') supplied up to 52,000 workers per day in
2017 to more than 1,500 clients. The PeoplePlus division is a
leading provider to both Central and Local Government, as well as
commercial customers, offering a wide range of services to help and
support in the Employability (Welfare to Work), Justice,
Communities and Skills arenas.
Recruitment
Specialising in providing complete labour solutions in
agriculture, food processing, manufacturing, e-retail, driving and
the logistics sectors, the Recruitment business operates from over
400 locations in the UK, Eire and Poland. The Recruitment services
include:
-- Staffline OnSite, based on clients' premises and providing
both blue and white collar, managed, temporary workforces
-- Driving Plus, providing HGV drivers to the driving industry
-- Staffline Agriculture, providing workers to the UK farming and horticulture sectors
-- Staffline Express, our high street branch based operation
-- Brightwork, a recruitment business based in Scotland
specialising in temporary and permanent jobs to the drinks
industry
-- Diamond Recruitment, one of the largest providers of
recruitment services in Northern Ireland
PeoplePlus
A trusted partner in delivering skills, employability and
well-being services. Contracts span Central, Local and Devolved
Government and the Private Sector, including:
Employability:
-- Work Programme, prime contractor in nine regions and
sub-contractor in three regions in England and Wales
-- Fair Start Scotland, prime contractor in two regions commencing April 2018
-- New Enterprise Allowance (business start-up support), prime
contractor in three regions of England and Scotland and a
sub-contractor in Wales
-- Steps to Success, prime contractor in Northern Ireland, an
employment programme to build skills
-- Tackling Youth Unemployment through the MyGo service in
Suffolk, the Youth Promise Plus in Birmingham and the Wirral Youth
Employment Gateway
-- Building Employment through Education, working in Schools in Northern Ireland
Education and Training services:
-- Prime contractor to the Education and Skills Funding Agency,
Welsh Government and Skills Development Scotland, providing Adult
Education and Apprenticeships
-- Delivering Apprenticeships programmes for the Private Sector,
via the Apprenticeship Levy and non-levy programmes
Justice and Community services:
-- Ministry of Justice, Transforming Rehabilitation in
Warwickshire and West Mercia, delivering rehabilitation
services
-- Delivery of education and training to prisoners in ten
prisons in the East of England and London
-- Independent Living Services, supporting 3,500 disabled people lead independent lives
-- Access To Work, providing adaptation in the work place for
people with disabilities - national contract.
-- Support for the users of Prison Visitor Centres for the Northern Ireland Prison Service
-- Carers Hubs in Stoke and Staffordshire
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCKMGMKKVGGRZM
(END) Dow Jones Newswires
May 17, 2018 02:00 ET (06:00 GMT)
Staffline (LSE:STAF)
Historical Stock Chart
From Apr 2024 to May 2024
Staffline (LSE:STAF)
Historical Stock Chart
From May 2023 to May 2024