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.
Building 1000
Cambridge Research Park
Waterbeach
Cambridge
CB25 9PD
UNITED KINGDOM
