While trading has remained challenging for technical recruiter Morson, the group has managed to retain a strong order book, according to chairman Gerry Mason.

Speaking at the group’s Annual General Meeting this morning Mason said: “In the period since we announced our preliminary results on 23 March our trading environment has remained challenging.  However, the board is confident about Morson’s prospects and trading remains in line with directors’ expectations. 

“Our business model is strong and we have excellent visibility of earnings, driven by the requirements of major key UK infrastructure expenditure including nuclear new build and decommissioning activity, maintenance programmes and wider International opportunities. We retain a strong order book, coupled with a robust balance sheet. 

“We continue to evaluate and seek growth opportunities and will make selective investments where they will add value for shareholders. The current economic climate continues to be difficult and any upturn is still hard to predict, however we believe that we are well placed to benefit from any future improvement.”