Half year report, UK DTR 4.2.7R, principal risks updated for COVID – 19, summary and cross reference to annual report

Senior plc – Half year report – 30 June 2020

Industry: manufacturing

Risks and uncertainties

During the first half of 2020 the principal risks and uncertainties faced by the Group have been reviewed. COVID-19 has significantly impacted our business and end markets. This has caused some changes in the Group’s principal risks. One risk, whilst still important, is no longer considered to be a principal risk. This is:

  • Key Skills – the risk has changed from the risk of being able to source key skills to retaining key skills and will be monitored.

The title of three of the Group’s principal risks and uncertainties have been amended, the remainder remain unchanged from those set out in detail on pages 24 to 29 of the Annual Report & Accounts 2019 (available at http://www.seniorplc.com). The Group’s principal risks and uncertainties as at 30 June 2020 and for the remaining six months of the financial year are summarised as:

In response to the risks and uncertainties, the Board has established a range of mitigating actions that are set out in detail on pages 24 to 29 of the Annual Report & Accounts 2019 (available at http://www.seniorplc.com). These are reviewed and updated regularly, for example in response to the pandemic risk, we established the Coronavirus Oversight Committee, chaired by the Group Chief Executive Officer.