Trading Statement

Accuma Group PLC
12 July 2005



Press Release                                        12 July 2005


                                Accuma Group plc

                        ('Accuma Group' or 'the Group')

                                 Trading Update


Accuma Group Plc, the provider of personal debt advice specialising in
Individual Voluntary Arrangements (IVAs), today releases a trading update
following its successful listing on AIM in March 2005.



The Market



At the time of the Group's listing on AIM, the Board was confident that the
scale of consumer indebtedness in the UK would provide significant growth
prospects. That confidence continues to grow despite the prospect of lower
interest rates.



The Bank of England's Financial Stability Review (June 2005) indicates that
household debt now averages 150% of annual net income and that it is likely that
debt will continue to grow more rapidly than income over the next few years.



The housing market has cooled and the opportunities for equity release to
consolidate debt and/or fund lifestyles have diminished. Moreover, many
homeowners are either experiencing or facing higher mortgage repayments as
cheaper fixed rate deals end. Lenders are now tightening their criteria in the
mortgage and secured-loan sector, leaving thousands of households without an
effective solution to their debt problems.



The record levels of consumer debt built up over the last decade, against a
backdrop of low interest, inflation and strong house price growth that boosted
consumer confidence, has now resulted in many thousands of households struggling
to maintain monthly repayments.



According to recent figures from the Department of Trade and Industry, personal
insolvencies grew by 28% in Q1 2005 to 13,229. Included in this total were 3,139
Individual Voluntary Arrangements (IVAs), Accuma's key product, an increase of
just over 40% year on year. These figures do not include informal debt repayment
schemes of which there are estimated to be many thousands.



Resources Strengthened



Accuma is in a strong position to benefit from increasing demand from
over-indebted consumers. The Group now employs four Licensed Insolvency
Practitioners, two of these having been appointed post-flotation. These
appointments have increased capacity significantly beyond market expectations
for the next financial year.



In addition, a highly experienced Head of IT has been appointed in order to
ensure that the Group's systems are robust and scalable as our case volumes
increase and to enable further improvements and efficiencies to be made.  The
new appointment has considerable experience in the IT industry, including seven
years at Motorola, where he served as European IT Infrastructure Manager.



Overall, the Group has continued its trend of appointing individuals experienced
in personal insolvency or consumer debt. This reduces the training period
required and ensures that we are able to reach operational readiness within
weeks of most appointments. The total number of employees now stands at 70.



New IVA Case Numbers



Accuma is pleased to announce significant growth in case numbers as its monthly
run rate increases.



During the quarter to the end of April 2005 (Q3), the monthly run rate averaged
46.  This was a slight reduction on Q2 due to a planned reduction in marketing
spend during October to December 2004.



Since flotation, the run rate has increased month-on-month with 86 completions
in May, and 106 in June.  There are also 160 creditor meetings scheduled for
July, and based on projected conversion rates, this would produce a Q4 run rate
that is 146% higher than Q3, outperforming the market generally.  This equates
to a projected annualised run rate of approximately 1,800 cases, which will
represent 95% of market forecasts for full-year 2006.  The Board is confident
that the monthly run rate will continue to increase.



Outlook



The Board previously stated its intention to build strategic relationships in
order to broaden the Group's marketing channels and to ensure cost-effective
client acquisition. We have appointed a business development manager to work
closely with the Board to drive such initiatives.



We are pleased to announce that we have made significant progress in this regard
and a number of relationships are now being piloted. Early indications are
positive and we will report more at the time of our preliminary announcement in
October.



Accuma's business model is underpinned by the value of its future contracted
revenue which has grown from £3.1million at flotation to £4.7million
(£3.3million off balance sheet) at the end of June, an increase of 52%.



The Board is confident of performing comfortably in line with market
expectations for 2004/5 and expects continued growth for 2005/6.



Charles Howson, Chief Executive of Accuma Group, commented: 'We are delighted
with our progress to date and, with all the indicators pointing to anticipated
growth in our sector, we are confident of meeting increased demand for our
services. '



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


Daniel Stewart & Co.
Alastair Cade                                        Tel: [phone]
[e-mail]



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




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