Year End / Directorate change

Accuma Group PLC
13 December 2007







Press Release                                                13 December 2007




                                Accuma Group Plc

                           ('Accuma' or 'the Group')



                               Change of Year End

                               Directorate Change



Accuma Group Plc, a leading provider of consumer financial solutions, announces
that the Group proposes to change its year end to 31 December 2007, shortening
the current accounting period to 31 December 2007.  The reasons for the change
are:


•   a December year end will more closely align the Group's year end with the 
    inherent seasonality across the debt solutions industry: in particular, 
    December and January are traditionally very quiet months which,
    with the current year end of 31 July, both fall into the first half of the 
    financial year, thus distorting the Group's results towards the second half 
    of the financial year;

•   the change of year end will also provide an opportunity for clarity in 
    respect of both current trading, given the recent changes to the fee 
    structure in the Group's IVA division and;


•   this will enable Accuma to bring in the final earn outs for Loan Line and 
    Byrom Keeley, which will be completed by the end of July and December 2008 
    respectively, into the accounts for the year ending 31 December 2008.  
    The Group has £3.8 million cash out of which £3 million is anticipated to be 
    paid for 2007 earn out commitments in respect of Loan Line and Byrom Keeley.



Ian Campbell will, by mutual consent, leave the Group on the 18 December 2007
and will be replaced as Finance Director on 7 January 2008 by Edward Armitage
ACA.  Edward has held a number of senior roles including, most recently, the
role of Finance Director and Company Secretary to Broker Assistance Limited.  At
Broker Assistance Limited he was responsible for the design and implementation
of a bespoke accounting system and played a key role in the successful
negotiation and integration of a newly acquired company. The Board is pleased to
announce his appointment.



The Group intends to make a further trading update towards the end of January
2008, and to announce its preliminary results for the five month period ending
31 December 2007 by 31 March 2008.



The Group continues to process new IVA cases and remain one of the leading
volume providers.  The case bank of 6000 IVA cases provides £17.3 million of
future contracted revenue which is not shown on the Group's balance sheet but
provides highly visible cashflow. Accuma's accounting policy is conservative and
only accounts for case management fees on a monthly basis as they are received.



Despite the turbulence of 2007 and the distractions of a number of unsolicited
approaches for the business, none of which reflected the underlying value of the
business, the Group remains well positioned as a full platform solutions
provider to take advantage of the current economic climate. Whilst management
believes that IVAs remain the most effective mechanism for dealing with
significant debt problems, being able to provide a range of solutions will stand
the Group in good stead particularly as consumers face increasing difficulty in
re-financing following the credit crunch. In particular, Accuma is seeing an
increased demand for informal debt solutions through its subsidiary Byrom Keeley
and, as market conditions are expected to worsen in the year ahead, is confident
that where an IVA is not deemed appropriate and where bankruptcy is not a viable
option, debt management will continue to serve as an effective tool for
consumers and creditors alike.





Commenting on the announcement, Charles Howson, Chief Executive of Accuma Group
plc, said: 'Whilst 2007 has been a difficult year for the Group, we move into
2008 in a leaner, more efficient position with the uncertainty that has clouded
the IVA market throughout 2007 removed.  Moreover, I am confident that current
economic conditions will favour our full solutions platform and enable us to
deliver sustainable growth and profitability in the future.'



The following information relating to Edward Armitage's appointment to the Board
is provided in accordance with Schedule 2 (g) of the AIM Rules.



Previous Appointments

Venture Hire Limited

Broker Assistance Limited

Broker Assistance Insurance Service Limited

Assistance Services Limited

Accident Care Limited

TLA Group Limited



There is no further information to disclose.



                                    - Ends -



For further information:
Accuma Group plc
Charles Howson, Chief Executive                 Tel: [phone]
[e-mail]                  www.accumagroup.com


Daniel Stewart & Company Plc
Lindsay Mair / Stewart Dick                     Tel: [phone]
[e-mail]



Media enquiries:
Abchurch
Sarah Hollins / Chris Lane                      Tel: [phone]
[e-mail]                   www.abchurch-group.com




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