Accuma Group PLC
26 January 2007
Accuma Group Plc
('Accuma' or 'the Company' or 'the Group'))
Trading Update
The Group is experiencing slower than expected growth in its IVA business and,
as a result, market expectations for the current financial year to 31 July 2007
may not be met.
A poorly executed marketing strategy in the first half of the financial year,
together with a more competitive environment, have resulted in business volumes
being lower than previously anticipated. The Group has taken action to address
this. In addition, whilst the majority of creditors remain supportive of the IVA
process, the Group has experienced increased resistance amongst a small minority
of creditors which is impacting IVA approval rates.
Trading in the companies acquired last year is in line with management's
expectations.
The Group is carrying out a review of trading and intends to make a trading
update to the market by no later than Friday 2 February 2007.
Accuma Group plc: Tel: +44 (0) 870 0423 423
Charles Howson, CEO
Daniel Stewart & Company plc:
Lindsay Mair Tel: +44 (0) 20 7776 6550
Media enquiries:
Abchurch
Chris Lane Tel: +44 (0) 207 398 7700
This information is provided by RNS
The company news service from the London Stock Exchange
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