29 April 2020 – COVID-19 update

The company has issued a trading update confirming that it is coping well with the COVID-19 virus and continues to operate with little disruption from this.  This is largely due to the business continuity plan implemented in early March which included remote working, split shifts in the production plant and building up inventories.  As well as continuing to service its existing customers the company has also gained some new customers who have experienced disruption in supply from other suppliers.  The company entered the crisis with a strong balance sheet and at 25 April had a cash balance of £13.8m.  The shares remain ATTRACTIVE