Prowting's failure to appoint a chief executive and finance director led to City speculation that the group was for sale. Fraser appeared to pour cold water on these rumours.
He said: "The current structure is not sustainable and now that we have a clearer picture and a credible business plan, we can start recruiting.
"I am confident we have things back on track now."
Prowting this week announced a pre-tax profit of £3.7m for the year to 28 February compared with £27.5m last year. Turnover fell 15% to £231.6m. The group sold 1307 units last year, the lowest number since 1997.
No comments yet