Staffline Group (STAF: LSE), the UK-based staffing and employability organisation announced a trading update for the first four months of 2018. The group said it had traded in line with Board and market expectations.

In March 2018, the group made three acquisitions including Endeavour Group Limited, UK Distribution Personnel and M&B Staff Services.

Chris Pullen, Chief Executive Officer, commented, “Despite a tight labour market, the Recruitment division has continued to perform strongly. Our size and scale allows us to meet growing customer demand and the three acquisitions so far this year have improved our coverage in specific geographic areas.”

“During the first four months of the year, the Customer Experience strategy has been rolled out giving unrivalled levels of insight into workers experiences on a site by site basis. This data will allow us 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.”

“In PeoplePlus, the group’s Skills, Employability and Well-Being services division, the transition away from the Work Programme contracts remains on track. We are benefiting from our investment in the Apprenticeship Levy space and have made a good start to delivering Fair Start Scotland, which launched last month. We continue to develop a strong pipeline across a number of areas, including devolved government and prison education.”

“As a result, we are pleased to confirm that we are trading in line with market expectations and the Board remains confident of the group’s growth prospects,” Pullen said.

Staffline Group plc is a holding company, which is engaged in the provision of recruitment and outsourced human resource services to industry and services in the welfare-to-work arena and skills training.

Looking ahead, the group’s next scheduled announcement of financial information will be the interim pre-close trading update on 4 July 2018.

As of last trade, Staffline Group traded at £976.00, up 0.62% on the day and 10.91% above the 52 week low of €880.00 set on 20 March 2018. Based on its current share price the company has a market value of £270.14 million.