Insolvency specialist Tenon Group said trading has been line with
expectations and its prospects remain encouraging as the economic downturn
boosts demand for business recovery services.
The AIM-listed company said in a trading update that it had controlled its
costs by monitoring working capital and debtor payment periods, and added that
it planned more measures to improve efficiency.
‘Tenon continues to thrive by providing services that are relevant to all
economic circumstances, that are in demand and that are of high value,’ said
chief executive, Andy Raynor. ‘This is a firm base from which to make further
progress.”
The company will announce its half-year results for the six months to 31
December 2008 on 18 March.