Staffline trading in line despite tight labour market

Recruitment and training provider Staffline updated the market on its trading for the six months ended 30 June on Wednesday, reporting that its recruitment division had continued to perform “strongly”, despite a tight labour market.

The AIM-traded firm said its size and scale allowed it to meet growing customer demand, with its four acquisitions in the year-to-date reportedly improving its coverage in specific geographic areas.

During the first six months of the year, the board said the company’s customer experience strategy had been rolled out, giving “unrivalled” levels of insight into workers' experiences on a site-by-site basis.

It said that data would allow the company 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,” the board said in its statement.

In ‘PeoplePlus’, Staffline’s training, skills, and wellbeing services division, the transition away from the work programme contracts remained “on track”.

“We are benefiting from our investment in the apprenticeship levy space and have made good progress delivering Fair Start Scotland, which launched in April.

“We continue to develop a strong pipeline across a number of areas, including devolved government and prison education.”

As a result, the board confirmed that the firm was trading in line with expectations, adding that it remained “confident” of the group's growth prospects.

“The board looks forward to providing a further update at the time of the interim results, which will be announced on 25 July.”