29 April 2014 – interim management statement
A reassuring trading statement has been released, covering the three months to 31 March 2013. Over the period the company moved into a net cash position, with net cash of £2.8m versus net debt of £1.8m as at 31 December 2013. The company continues to win new business with some high profile names and remains well positioned for the longer term. We rate the shares as a BUY.