An outspoken shareholder in Mouchel has reaffirmed his support of the management team after the maintenance and outsourcing group sought to draw a line under the difficulties that dragged it into the red.

Andy Brough, fund manager at Schroders, which holds 6.8 per cent of Mouchel’s equity, had previously said that the group lost strategic direction following a profit warning in June. But full-year results released on Tuesday had reassured him that the management “seem to have got to grips with what’s going on”.