StockMarketWire.com - Recruitment company Staffline Group said it would miss an end of April deadline for reporting its annual results while it reviews its compliance with minimum wage rules.

Staffline had last month appointed legal advisers to conduct an independent review following allegations regarding its invoicing and payroll practices.

The report had now been delivered, but the company said a key outstanding matter in finalising its results related to its historical compliance with National Minimum Wage Regulations 2015.

'This is a complex area and management, in conjunction with HMRC and supported by an independent advisor, are assessing the significant amount of historic data and transactions, which will then be subject to audit,' Staffline said.

'Once the work is completed and audited, Staffline will release its preliminary results and shareholders will be updated as appropriate.'

'Significant progress has been made on the extended audit and the board continues to expect to report, subject to audit completion, an underlying trading performance for the year ended 31 December 2018 in line with expectations.'


At 8:08am: [LON:STAF] Staffline Group PLC share price was -1.5p at 880.5p



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