Fit-out and refurbishment firm says its four divisions traded in line with expectation between July and November

Styles & Wood has said there are “some signs of stabilisation” in the retail fit-out and refurbishment market in a trading update this morning.

It said its four divisions had traded in line with management expectations in the period between 1 July and 18 November.

It also said its cash position was better than anticipated at the time of its recent refinancing deal, standing at £6.3m as at 31 October.

Overall, it warned that its customers were still “cautious” about their investment programmes, a position it expects to continue into 2010.