‘Positive signs of recovery’ for Redhall

REDHALL Group, the specialist engineering support services business, will today tell shareholders the company is trading in line with management expectations and has a record order book.

Speaking at the Wakefield-based company’s annual general meeting, chairman David Jackson will say that, as expected, profits will be weighted towards the second half of the company’s financial year.

Mr Jackson will tell shareholders: “The new management team continues to make progress in resolving legacy issues and in improving the orderbook. 

“The current order book now stands at £140m which is a record for the group and high level prospects remain buoyant. 

“I am pleased to announce that with effect from today we have appointed new joint stockbrokers, Arden Partners and Charles Stanley Securities. We are delighted to be working with Arden and Charles Stanley at a point where the group is showing positive signs of recovery.”

Mr Jackson also said the sale of group non-core business was progressing “satisfactorily”.