Last checked at 2 Feb 2009 07:00
Triad Group Plc Interim Management Statement
Triad Group Plc presents its interim management statement, as required by the UK Listing Authority Disclosure and Transparency Rules, which covers the period from 1 October 2008 to 30 January 2009.
Trading in the second half of the financial year has continued satisfactorily in the face of challenging economic conditions. Contractor numbers in the resourcing business have held up and utilisation levels in the consultancy business have remained high.
As I reported in my 2008 interim results statement, the uncertainty caused by the global economic crisis has continued to result in a slowdown in spending, and delays in decision making, by a number of clients due to a lack of visibility of their own pipeline. The effect on the Company's order book is being monitored very closely as is the cost base which remains under tight control.
The Company's operations continue to be spread across a broad portfolio of market sectors with a significant level of activity in the more resilient government and utilities sectors.
Zubed Geospatial, Triad's location intelligence business, has now successfully delivered a small number of projects and its sales pipeline remains very encouraging and continues to strengthen.
The Company continues to trade comfortably within the financial facilities available to it.