Trading Update

RNS Number : 4131M

Fairpoint Group PLC

24 May 2010

 



24 May 2010

Fairpoint Group plc ("Fairpoint" or the "Company")

Trading Update

In advance of the Company's Annual General Meeting held today at 1pm at Fairclough House, Adlington, Lancashire, the Company is please to update the market on current trading.

The debt solutions market and in particular the market for Individual Voluntary Arrangements ("IVAs") remains strong with first quarter volumes ahead of the same period in 2009. Trading for Fairpoint during this period has been in line with expectations. The current UK economic situation has led to increasing numbers of individuals facing debt stress and tightening public expenditures are expected to maintain that pressure.

Enquiries:

Fairpoint Group Plc                                     0845 296 0137

Chris Moat, Chief Executive Officer               084 5296 0183
Andy Heath, Finance Director                        084 5296 0200

Shore Capital (Nomad and Joint Broker)

Pascal Keane                                                 020 7408 4090

Edward Mansfield                                           020 7408 4090

Oriel Securities (Joint Broker)

Tom Durie                                                      020 7710 7600

Emma Griffin

Financial Dynamics                                        

Nick Henderson                                              020 7269 7114

Laura Pope                                                     020 7269 7243

 

END

 

 

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