Johnson Service Group progressing 'well', investors told

Johnson Service Group updated shareholders on its first quarter trading on Thursday, as investors attended the company's annual general meeting.

The AIM-traded textile rental provider reported that, following strong results in 2016, trading in the first quarter of 2017 was progressing “well”, and the group remained on track to deliver management expectations for the year.

“Our £4.5m investment at London Linen's Southall plant, which started in August 2016, has recently been completed, and we have also finished a £3.5m refit at our Chester plant,” said chairman Paul Moody.

“These investments provide us with additional capacity in two strategically important locations and will also improve productivity at both sites.

“With the disposal of the retail drycleaning operations in early January, the group is now wholly focused on the further expansion of its textile rental activities, and the board views prospects for the group's ongoing development very positively.”