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

Styles & Wood has said there are 鈥渟ome signs of stabilisation鈥� 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 拢6.3m as at 31 October.

Overall, it warned that its customers were still 鈥渃autious鈥� about their investment programmes, a position it expects to continue into 2010.

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