New chair at Cheltenham's Pennant as Group sees uptick in activity
Trading is in line with expectations says Cheltenham-based training tech provider Pennant International Group, with the Group revealing that its key markets are starting to see a significant increase in activity.
Pennant has quoted on more than £32 million of new business opportunities during the last six months (spanning the entire spectrum of the Group's product and services offering).
READ MORE: Pennant returns to operating profit
But it has warned that the expected level of order conversion has not occurred in the year to date, which it says is primarily attributable to extended customer procurement timeframes, not the loss of opportunities.Â
The company said: "While challenging in the short term, it is not unusual for the acquisition of training and support solutions to be finalised after the commencement of the main vehicle/platform purchase."
Pennant chair, Philip Cotton has stepped down and chair designate, Ian Dighé, has taken over.
Ian Dighé, Chair, said: "The Board would like to thank Phil Cotton for his five years of service and we wish him all the best for the future. The process to find a new independent non-executive director with skills that complement the existing Board is commencing."
