Member Info for Spartan

Fracking results, mid-late June?

To answer your first question; no, not really. I transfered after 5 years from the London office in Leadenhall Street to Chatham. I just missed out on their move to the new place at Cannon Street. With regards to the vibe, only talking with a relevance to my department of course is not too great. I think we have felt the effect of management but only from a box ticking, stat recording point of view - management do like their spreadsheets!!! I did recieve the 200 shares back whenh they went public but i sold them at 285 about a year after they listed.

ElProfessor you appear to have a more indepth knowledge of this company that i do and i've been working at Xchanging since 2005.

New banking facilities agreed to 2015 We announced yesterday the successful signing of an agreement for the refinancing of our term and revolving credit facilities. This is an important cornerstone in the foundations of our transition programme under our Four Point Action Plan. The agreement ensures we have funding in place to support our future plans. It was back in March that we announced we had embarked on a process to refinance our principal banking facilities and we expected to complete the exercise by the time of the Half Year Results on 1 August 2011. With the support of the Group's relationship banks (Lloyds Banking Group, Barclays, RBS, DBS and HSBC), we have now signed the new agreement.

I'm just speaking from the point of working for the company. Ever heard the expression Too many cooks spoil the broth? - Xchanging Management. I receieved 200 shares when i started and sold them at 2.84 - Looks like i did the right thing. I also gert internal e-mails which i am prohibited from communicating externally. I have also been told i am not allowed to trade in Xchanging until the quaterly results are released.

30-40p target. I work for the company in the London office.

Xchanging Wins Five-Year Contract with the UK's Second Largest Airport Congratulations to the UK region for winning a five-year contract to provide Network Management Services to Gatwick Airport Limited. Gatwick airport is the busiest single runway airport in the world and serves 32 million passengers every year. We will provide a comprehensive and flexible managed network service to meet the current and future needs of Gatwick Airport. The scope includes migrating Gatwick Airport's legacy network infrastructure from its previous owner, BAA, and delivering a range of enhanced services from our modern ITIL-based integrated processing centres.

David Andrews Receives 'Entrepreneur of the Year' Accolade David Andrews has been recognised as 'Entrepreneur of the Year' by The Economic Times, India's most respected and largest business daily newspaper. The Economic Times awards recognise the contribution of leaders and organisations to the Indian Business Process Outsourcing (BPO) industry. The jury chose David Andrews for his entrepreneurial achievements and ability to venture into a tier 3 Indian town to set up a business processing centre. In July, we signed an agreement with the State Government of Karnataka to lease and jointly develop six acres of land in a new Special Economic Zone that is being developed in Shimoga, a tier 3 town north-west of Bangalore. Here we will build a state-of-the-art business processing centre on this land, making it one of the first multinational companies to set up a centre in a tier 3 location in India. British Prime Minister, David Cameron called this project "the very best of UK and Indian ingenuity and creativity". TK Arun, Editor of The Economic Times and one of the jury members for the award said, "The entrepreneurial dynamism shown in setting up shop in a small town, minimising the carbon footprint and still growing rapidly is definitely impressive. The jury chose to recognise David Andrews for this entrepreneurial quality". Accepting the award, David Andrews said, "It is a great privilege to be given this honour. I thank The Economic Times for their choice. It is the customers and employees of Xchanging who enable our entrepreneurism. I accept this award on their behalf".

New Head of Service – XCS & XIS (sent on behalf of Max Pell) I am pleased to announce the appointment of Nick Lamb as the new Head of Service for XCS and XIS. Nick will join the XCS and XIS Senior Management Team’s (SMT) reporting into both Lindsay Healy and myself. In this role, Nick will lead the Service Team who are primarily responsible for maintaining dialogue with customers to understand their changing / emerging needs and acting as an advocate to ensure Xchanging deliver services required to meet the customers’ needs. In addition, Nick will be responsible for introducing and selling Xchanging products and services to enhance customer businesses. Critical to the success of Nick’s role will be to ensure “value add” is understood and performance is measured across XIS and XCS Service teams, through the collation of customer perception scores and internal reporting. Before joining Xchanging Nick was employed by Capita for over two years working with Marsh as the Commercial Development Director and Client/Relationship Director on their back office outsourcing partnership. Prior to Capita, Nick spent six years at Norwich Union/Aviva performing a variety of roles including; Account Director running Asda Insurance on behalf of NU, Head of Finance to the NU Partnerships business and Head of Mergers & Acquisitions (including the acquisition of the RAC) Nick was Trained with PricewaterhouseCoopers as a Chartered Accountant and later left there as a Senior Manager in Mergers & Acquisitions. Please join me in welcoming Nick to Xchanging and wishing him every success in his new role. An external communication will be circulated shortly. Regards Max Pell

New Chief Financial Officer Appointed I am delighted to announce that Ken Lever has been appointed Chief Financial Officer (CFO). Ken has operated as a CFO of public listed companies for more than 15 years in a variety of sectors. Ken will join us on 5 October and will become a member of the Xchanging Board. He will be working closely with Richard Houghton over the coming months to transition responsibilities. Ken is a qualified accountant and began his career at Arthur Andersen in 1974, becoming a partner in 1985. He left Arthur Andersen in 1987 and joined Corton Beach Plc, a mini conglomerate operating in the wholesale and retail food industries. Here he led their stock market listing and went on to become Group Managing Director in 1989. In 1991, Ken joined Alfred McAlpine Plc, a £1 billion international construction group where he was instrumental in turning around the company. In 1995, Ken moved to Albright & Wilson plc, a FTSE 250 company with operations in the Americas, Europe, Asia and Australia. At Albright & Wilson, Ken led the change to cultivate a professional public company culture. He led a mainly inorganic growth of the company, with acquisitions in the USA and Mexico. Ken then joined Tomkins Plc in 1999 following the sale of Albright & Wilson. Tomkins is global engineering and manufacturing group, with sales of more than £3billion. Tomkins is listed in the UK with US listed equity and publicly traded bonds. At Tomkins, Ken established strong financial controls and effective planning disciplines, led 15 acquisitions and joint ventures with an aggregate value of $1bn, and played a leading role in structuring numerous M&A deals around the world. During Ken’s tenure at Tomkins, the company won multiple awards for its Investor Relations programme and external financial reporting. Since 2008, Ken has been the CFO at Numonyx, a joint venture between the American giant Intel, the European software company ST Microelectronics and Francisco partners, a Private Equity Fund. Numonyx is a $2.5 billion semiconductor company which supplies memory for a variety of consumer and industrial devices. At Numonyx, Ken again led the integration of two separate cultures that operated as two businesses with different systems. The success of this integration had a tremendously positive impact on the company’s performance and ultimate sale to Micron Inc. a US based global semi-conductor business. Ken has been actively involved in influencing the direction of financial reporting standards having previously chaired the Financial Reporting Committee of the UK 100 Group and since September 2008 as a member of the Accounting Standards Board the UK accounting standard setting authority of the Financial Reporting Council. Ken is a seasoned CFO with deep knowledge of managing relationships with investors, regulators and the wider financial community. I welcome Ken to Xchanging and look forward to

Xchanging expands relationship with Aon Xchanging has been chosen to support the creation of an expanded servicing capability for Aon Australia. As part of this project, Xchanging will help build infrastructure to support the growth of Aon's business across Australia. Aon is one of Xchanging's top five customers. We provide services to Aon's business in the UK, US and Australia. This includes insurance claims processing and technical accounting and settlement services to Aon Benfield and Aon Risk Services in the UK as well as claims services to Aon Benfield in the US. Commenting on this deal, Steve Nevett, CEO, Aon Australia said, "In Xchanging we have found an organisation that understands our business and brings the expertise and global best-practice to expand our servicing capability". Congratulations to the Asia Pacific team on winning this project.

They don't listen to me.....They are management so they know better than people in positions below them regardless of when you tell them something won't work. I've mentioned before on here that regardless of constructive critisism, idea's or implimentation, management follow their own idea's even if what they impliment doesn't work it will stay the same purely because THEY did it.

After my day yesterday I'm quite happy these have dropped. Sorry to those of you who hold shares in this but our management in the London office have their heads burried in the sand. Obviously that doesn't account for the buisness as a whole, target buy of 120p on these for me.

Which office do you work in?

Sounds about right but i work for them and have no confidence in them at all. We recieve e-mails almost daily from David Andrews about some deal or another, needless to say they are deleted before being read. Seems the guy is making all the wrong choices at the moment.

That lloyds want to pull the plug with Xchanging. Can't see it happening for a long long time though. Crookie3634 if you were to actually see the amount of time wasted on these models and attention to detail you'd see where i'm coming from. Plenty of processes that cause more hassle and more problems than they solve. All because the management think they will work when they don't even bother to test them themselves! It all comes down to trial and error, but at the end of the day even if it doesn't work things stay that way. If it ain't broken don't fix it is definately NOT Xchangings motto.

I can understand deals taking time at Xchanging. I work in the London office and they are more focused on buisness models and spreadsheets and graphs than actually getting any REAL work done!

Got to be worth a punt at this price.

Looks like i was right, fallen to the same price as Dec 07.

Stop spamming you god damn retard!