Steve Horne has released the following statement:
Due to the significant impact COVID-19 has had on trading, Spicers and OfficeTeam are looking at strategic options to take the business forward. As with many businesses at this time, as a precautionary measure whilst the Board continues to explore all options, staff have been informed that jobs may be at risk and we are looking to start consultation; but we can confirm there have been no redundancies.
With regards to the recent Sky news article, this is not a press release from the SPOT group or from our investors Better Capital. Whilst the article talks about the company being up for sale, this is not new news. As a company, we are backed by a private equity company (Better Capital), and therefore we have always been 'on the market' and open to a sale as this is naturally how private equity-backed companies operate.
The Board of Directors are exploring a number of options whilst we continue to review the way forward. This will inevitably cause speculation in the press and throughout our industry.
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