Staffline (STAF:LSE), the staffing and employability organisation, Wednesday issued a trading update for its financial year ended 31 December 2017. The company expects to deliver full-year results in line with market expectations, however revenues are forecast to be slightly below their £1 billion target, though still (circa) 9% above the £882.4 million reported for the year 2016.

Demand in the Staffing business has remained strong through the second half, and the division has once again achieved excellent growth in the number of OnSites this year. PeoplePlus, the Employability, Skills and Justice Division, has also made good progress, continuing to win new contracts as well as benefiting from its focus on improved margins, helping to offset reduced activity from the runoff of the Work Programme (a government scheme aimed at assisting jobseeker allowance claimants to find work).

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.

The Staffing brands include Staffline OnSite, based on clients’ premises and providing both blue and white collar, out-sourced, temporary workforces. Driving Plus, provides HGV drivers to the driving industry while Staffline Agriculture provides workers to the UK farming and horticulture sectors. Staffline Express, is a high street branch based operation. Brightwork, a recruitment business based in Scotland specialises in temporary and permanent jobs to the drinks industry as well as industrial recruitment; and Diamond Recruitment is one of the largest providers of recruitment services in Northern Ireland.

In early trading this morning, the company's shares fell 1% to £1,000, 21.64% above the 52 week low of 822.13 set on 3rd January 2017. This gives the company a market cap of £281.28 million.