Staffline announce results for first half of 2016
Staffline, which is the parent company for PeoplePlus, the operator of the largest number of Work Programme contracts, has announced its results for the first half of 2016. The full details are available from the company's website. The PeoplePlus headline is:
Employability trading in line (with expectations) and Work Programme contracts delivered significant performance improvements, particularly in the acquired A4e contracts
Andy Hogarth, Chief Executive, added:
Our PeoplePlus business has also made huge strides in improving the former A4e Work Programme contracts.
The report adds, among other issues:
Further organic growth in the first half has been impacted by delays in new tender opportunities. At the time of writing, we are awaiting overdue decisions on 14 existing tenders and the publishing of 28 other new potential contracts. We believe that PeoplePlus is well placed to benefit from the growth opportunity that these tenders represent, many of which cannot continue to be delayed indefinitely. Similarly, the tendering process for the new replacement Work Programme contracts has yet to begin and whilst there remains uncertainty around the timing of the start of the new contracts and following previous contract extensions the Group believes it is well placed for the next contract round given its market leading position in the sector.