Matchtech Group PLC
26 January 2007
26 January 2007
Pre Close Trading Update and Board Changes
Matchtech Group plc, one of the UK's leading technical recruitment companies,
will announce its interim results on 25 April 2007. Ahead of this, the Company
today announces a trading update, together with details of a change in the roles
and responsibilities of two of its Directors.
The Board is pleased to announce that trading continues to be strong across all
three of Matchtech's operating sectors, Engineering, Built Environment and
Support Services. Net Fee Income ("NFI") in the first five months was over 28%
ahead of the same period last year. Market conditions remain strong and there
are good growth opportunities open to the Company. This gives the Board
confidence in Matchtech's prospects for the full year.
Adrian Gunn, currently Deputy Managing Director and Sales Director, is to take
over the position of Group Managing Director with effect from 1 February 2007.
Adrian takes over from Paul Raine, who remains on the Board as Resources
Director, with responsibility for IT, operations, marketing and legal.
George Materna, Chairman of Matchtech, commented:
"I am pleased to report that we have made a strong start to our life as a
publicly listed company and that trading continues to be strong across the
"I am also pleased to announce Adrian's appointment as Group Managing Director.
Adrian knows Matchtech inside out, having joined as a consultant in 1988. He has
been a member of the senior management team for the past nine years and on the
Board since 2004.
"Adrian takes over the day-to-day leadership of the Company from Paul Raine, who
is seeking a different role within Matchtech for personal reasons. This
represents a smooth transition of management roles, with the established core
executive team of Adrian, Paul and Tony Dyer remaining in place. Matchtech is in
very good shape and has a very experienced management team with the ambition and
drive to take the business forward."
For further information please contact:
Matchtech Group plc 01489 898989
George Materna, Chairman
Hogarth Partnership (for Matchtech) 020 7357 9477
John Olsen / James Longfield / Fiona Noblet
Background on Matchtech
Matchtech specialises in the provision of contract and permanent staff in the
Engineering, Built Environment and Support Services sectors across the UK.
It was established in 1984 and has grown organically to become the UK's 4th
largest technical and engineering recruitment specialist and one of the UK's 20
largest recruitment companies (Source: Recruitment International Top 100 Report
- August 2006).
Operating from a single site near Southampton, Matchtech provides predominantly
professionally-qualified candidates to clients in a broad range of industries
including oil and petrochemicals, marine, aerospace, water, electronics, civil
engineering, building structures and transport infrastructure. It structures its
business across three main sectors: Engineering, Built Environment and Support
Matchtech Group plc floated on AIM in October 2006.
This information is provided by RNS
The company news service from the London Stock Exchange