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Manufacturing & engineering

Sureserve sees full year in line as orders jump 30%

“Consequently, we expect results for the full year to be in line with our expectations"

Sureserve Group PLC (AIM:SUR) said it continued to experience strong growth in revenue, earnings and cash flow and expects results for the financial year to be in line with management's expectations.

Orders are 30% higher than the £356mln of a year ago, the gas accreditation and housing maintenance group said.

The order book reflects both the non-discretionary nature of its business, which is driven by mandatory inspections and accreditation requirements, alongside services for the government's growing green agenda.

Net cash at the end of September 2021 was more than £16mln, it added.

Nick Winks chairman, said: "I am pleased to report that the financial year to 30 September 2021 saw the gradual return to the pre-Covid levels of full trading across the group.

“Consequently, we expect results for the full year to be in line with our expectations.

“The board is focussed on our medium-term strategic options and is progressing with its search for a chief executive officer as a matter of priority.”

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