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[gareth004] 12/3/2019 09:11

Fabulous news today all the way back to £10 ++ gla

[slogsweep] 12/3/2019 08:10

Looks like max 3.5m off profits forcast ie 10 % so should recover to about 10 pounds a share. Mighty relieved

[hnicholls3] 12/3/2019 07:52

Good news!

[r ball] 11/3/2019 11:48

The employees you mean...with service contracts...thanks

[gbh2] 11/3/2019 10:00

I bet it's not having an adverse affect on what the Directors are taking out of the company!

[tsmith2] 11/3/2019 09:00

wtf still no news!

[r ball] 08/3/2019 16:50

The bankers need to be happy. Given the size of the RCF and interest cover (before issue arose) I would not be surprised if this one went under....

[tsmith2] 08/3/2019 12:27

I thought this was meant to be a small issue. The length of time is taking is deeply worrying

[mw8156] 08/3/2019 08:26

more trouble on AIM- now Goals are restating their accounts,

[lefrene] 06/3/2019 10:47

Another thought occurs, do STAF have a lot of so called 'self-employed' on their books and perhaps are now at risk of exposure to the recent government clampdown on tax wheezes lately used by such individuals? I used to get people wanting to work self-employed through my agency, but I always refused and paid all through PAYE as I simply didn't want the hassle or possible future liability, knowing of friends who had been sued by HMRC for back tax for people they had hired as self-employed.

[lefrene] 05/3/2019 09:38

They may be factoring their invoices which would show substantial short term borrowings on their books? The nature of an employment agency from my experience is high cash flows but thin margins and the need for rapid payment by the clients since the numbers rack up very quickly and, one can't delay paying your workforce or your stock in trade will vanish to other pastures.

[robertball] 05/3/2019 06:44

Lloyd's and HSBC main lenders. I wonder what the covenants are. Cover not great on 30 June

[robertball] 04/3/2019 21:15

And committed RCF of £120m

[robertball] 04/3/2019 21:12

Hmmm... this is a company with £37m of debt at 30 june 18.

[lefrene] 04/3/2019 16:49

As an employment agency they will be a tax gatherer for the State, when I built up an agency I realised that something in the order of 64% of my turnover was tax. This an individuals NI the employers NI, PAYE and then VAT on top of it all. If anything has gone wrong there's a good chance that it's the tax.

[tsmith2] 27/2/2019 09:49

still no update!

[robertball] 19/2/2019 22:55

It's more like whether or not the problems will end up impacting on loan covenants and if the company will be a going concern. This can take months to sort as bankers will be asking for forecasts etc etc.....

[tsmith2] 18/2/2019 08:59

still nothing, not looking good

[gbh2] 11/2/2019 14:55

Doesn't seem to be any news anywhere !

[tsmith2] 11/2/2019 14:37

longer it takes grimmer it feels

[gbh2] 06/2/2019 08:28

The longer it takes to sort out the more serious it's likely to be !