Totally trading in line, cash generation strong

24th Oct 2018 10:48

(Sharecast News) - Healthcare company Totally said on Wednesday that trading has been in line with market expectations and cash generation remains strong with £9m of cash in the bank.In an update ahead of its unaudited interim results for the six months to 30 September, Totally said it continues to make progress and since its final results in July, it has announced more than £10m of value in new and re-secured contracts through its subsidiaries."The company's pipeline of opportunities continues to grow and the board remains confident in Totally's ability to secure business and ensure that all opportunities are maximised."The group remains committed to improving the quality of the services it provides and to supporting staff in order to deliver the best possible care to patients," it said.Totally said it has made "significant" changes internally to processes and procedures, the successes of which have been demonstrated by the continued improvement in ratings following Care Quality Commission inspections.The group said extensive changes have been and continue to be made to the delivery of back office functions across all subsidiaries, which have improved quality and cut costs."Whilst there is more work to be done across the group, this is happening at pace and the directors believe Totally remains well placed to take significant market share of the outsourced integrated urgent care market and other community-based healthcare services."At 1045 BST, the shares were down 1% to 18.12p.