The company’s offices in Basingstoke and Eastleigh now have more space available than before, so the Dillistone directors intend to break the lease on their third office, in London.

 

The majority of the group’s London-based staff will be given the opportunity to relocate to Basingstoke or Eastleigh. 

 

Relocating the staff and reducing their number of locations are predicted to improve efficiency in the company so that they can maintain client service and product development investment while reducing their overheads, starting from 2020. 

 

The cost of the initial restructuring will be between £500,000 and £900,000. The company expects to make a profit in 2019, and to increase that profit in 2020 despite the likelihood of economic challenges. 

 

"We’ve enjoyed a positive start to trading this year across each of our business units," said Dillistone chief executive Jason Starr. 

 

"The changes we are making to our operating structure allow us to continue to invest in and support our traditional markets with a far leaner cost base. 

 

"The conversion of GatedTalent to a B2C service with a significant recurring revenue element means that, once it reaches profitability later this year, it should become increasingly cash generative, while also supporting sales of our recruiting software platforms."

 

Source: Insider Media South East

 

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Many office-based businesses believe that time and attendance systems are only useful for companies and industries which pay their workers hourly wages and work on a shift pattern. 

 

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