Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCharles Taylor Regulatory News (CTR)

  • There is currently no data for CTR

Interim Management Statement

19 Nov 2013 07:00

RNS Number : 3341T
Charles Taylor PLC
19 November 2013
 



Date: 19 November 2013On behalf of: Charles Taylor plc ("Charles Taylor", the "Company" or the "Group")

Charles Taylor plc

Interim Management Statement

Charles Taylor plc (LSE: CTR), a leading international provider of professional services to clients in the global insurance market, today announces its interim management statement covering the period from 29 August 2013 to 19 November 2013 ("the period").

Management is pleased with the performance of the Group for the period covered by this statement.

Professional Services

The Group's core professional services businesses have performed steadily.

Management Services - provides end to end management of mutual insurance companies.Our Management Services business continues to deliver a consistent performance. The underlying mutual insurance companies that we manage continue to grow.

Adjusting Services - focuses on adjusting larger and more complex commercial losses.The business is performing well with steady levels of claims work. In addition, we have continued to invest in new people, offices and systems which offer prospects for future growth.

Insurance Support Services - provides stand-alone professional and technical services.The outlook for our smaller Insurance Support Services business remains challenging, as outlined at the half year. The integration of KnowledgeCenter is progressing as expected.

Insurers in Run-off

The Group's owned insurance companies continue to perform satisfactorily.

Finance

We have successfully completed the refinancing of the Group's senior term debt and revolving credit facilities for a term of five years.

Outlook

We expect a satisfactory overall performance for the year.

Commenting, David Marock, Group Chief Executive Officer, said:

"Charles Taylor has performed well in the period. We continue to develop new products and services for our clients which offer the prospect of future revenue growth. Our investment in new services and offices and the acquisition of KnowledgeCenter demonstrates our commitment to growing revenue and profit from professional services."

ENDS

Enquiries: For further information:

Charles Taylor plc www.ctplc.com

David Marock, Group Chief Executive Officer: Via Redleaf Polhill

Mike Lord, Group Communications Director: Via Redleaf Polhill

Redleaf Polhill ct@redleafpr.com

Emma Kane/Rebecca Sanders-Hewett: 020 7382 4730

 

Notes to Editors:

About Charles Taylor plc

· Charles Taylor plc is a leading international provider of professional services to clients in the global insurance market. The Group has been providing professional services to insurance clients since 1885 and today has around 1,000 staff in 50 offices spread across 25 countries in the UK, the Americas, Asia Pacific, Europe and the Middle East.

· The Group offers services across the whole insurance market, principally on a fee-based model and operates through three professional services businesses - Management, Adjusting and Insurance Support Services. Charles Taylor also owns insurers in run-off.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTBRBDBGDBBGXI
Date   Source Headline
20th Oct 201010:32 amPRNHolding(s) in Company
29th Sep 20102:59 pmPRNDirector/PDMR Shareholding
27th Sep 201011:11 amPRNTotal Voting Rights
16th Sep 201011:00 amRNSIssue of Equity
20th Aug 201012:02 pmPRNHolding(s) in Company
19th Aug 201012:47 pmRNSHolding(s) in Company
18th Aug 201012:22 pmPRNDividend Declaration
18th Aug 20107:00 amRNSHalf Yearly Report
11th Aug 20109:22 amPRNHolding(s) in Company
2nd Aug 20109:54 amPRNTotal Voting Rights
2nd Aug 20109:54 amPRNTotal Voting Rights
2nd Aug 20109:51 amPRNHolding(s) in Company
2nd Aug 20109:51 amPRNHolding(s) in Company
26th Jul 20109:15 amPRNBlocklisting - Interim Review
20th Jul 201011:23 amPRNIssue of Equity
1st Jul 20108:00 amPRNTotal Voting Rights
1st Jul 20107:00 amPRNTrading Statement
7th Jun 201010:40 amPRNDirector/PDMR Shareholding
3rd Jun 201011:20 amPRNDirector/PDMR Shareholding
21st May 20109:12 amPRNHolding(s) in Company
19th May 20107:00 amPRNInterim Management Statement
6th May 20102:41 pmPRNHolding(s) in Company
5th May 20109:48 amPRNHolding(s) in Company
30th Apr 20103:35 pmPRNDirector/PDMR Shareholding
30th Apr 20102:35 pmPRNDirector/PDMR Shareholding
29th Apr 201012:56 pmPRNResult of AGM
21st Apr 20109:58 amPRNAnnual Information Update
15th Apr 20109:22 amPRNDirector/PDMR Shareholding
12th Apr 201010:50 amPRNHolding(s) in Company
7th Apr 20102:37 pmPRNHolding(s) in Company
6th Apr 20109:49 amPRNDirector/PDMR Shareholding
24th Mar 201011:58 amPRNDividend Declaration
24th Mar 20107:00 amRNSFinal Results
11th Mar 20102:07 pmPRNHolding(s) in Company
12th Feb 20109:50 amPRNHolding(s) in Company
2nd Feb 20103:24 pmPRNBlocklisting - Interim Review
29th Jan 201012:40 pmPRNHolding(s) in Company
29th Jan 201010:29 amPRNHolding(s) in Company
28th Jan 20104:09 pmPRNHolding(s) in Company
28th Jan 201012:51 pmPRNHolding(s) in Company
28th Jan 201012:49 pmPRNHolding(s) in Company
26th Jan 201012:10 pmPRNHolding(s) in Company
22nd Jan 20107:00 amRNSTrading Statement
5th Jan 20107:00 amPRNChange of Registered Office
4th Jan 20103:43 pmPRNHolding(s) in Company
24th Dec 200912:40 pmRNSSecond Price Monitoring Extn
24th Dec 200912:35 pmRNSPrice Monitoring Extension
27th Nov 20093:27 pmPRNDirector/PDMR Shareholding
19th Nov 20097:00 amPRNInterim Management Statement
22nd Oct 20093:04 pmPRNDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.