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
18th Sep 201812:32 pmPRNHolding(s) in Company
12th Sep 20187:00 amRNSHalf Year Results
30th Aug 20184:44 pmPRNDirector/PDMR Shareholding
30th Aug 20184:33 pmPRNIssue of Equity
23rd Aug 20188:27 amPRNHolding(s) in Company
6th Aug 20182:31 pmPRNTotal Voting Rights
6th Aug 20182:27 pmPRNDirector/PDMR Shareholding
31st Jul 20184:31 pmPRNDirector Declaration
2nd Jul 201810:22 amPRNTotal Voting Rights
27th Jun 20183:08 pmPRNHolding(s) in Company
26th Jun 20185:04 pmPRNBlocklisting - Interim Review
19th Jun 20189:47 amPRNHolding(s) in Company
14th Jun 20184:03 pmPRNDirector/PDMR Shareholding
14th Jun 20183:57 pmPRNDirector/PDMR Shareholding
5th Jun 20189:56 amPRNDirector/PDMR Shareholding
4th Jun 20182:01 pmPRNTotal Voting Rights
15th May 201812:08 pmPRNResult of AGM
11th May 20186:02 pmPRNHolding(s) in Company
11th May 20185:47 pmPRNHolding(s) in Company
11th May 20183:59 pmPRNIssue of Equity
11th May 20187:07 amRNSCompletion Of Inworx Acquisition
10th May 201812:46 pmPRNHolding(s) in Company
3rd May 20183:30 pmRNSResults Of Placing
3rd May 20187:01 amRNSProposed Placing Of New Ordinary Shares
3rd May 20187:00 amRNSAcquisition
3rd May 20187:00 amRNSContract Win
1st May 20181:47 pmPRNTotal Voting Rights
26th Apr 20184:40 pmRNSSecond Price Monitoring Extn
26th Apr 20184:35 pmRNSPrice Monitoring Extension
24th Apr 20186:01 pmPRNHolding(s) in Company
20th Apr 20185:41 pmPRNAnnual Financial Report
20th Apr 20184:29 pmPRNDirector/PDMR Shareholding
20th Apr 20184:22 pmPRNDirector/PDMR Shareholding
11th Apr 20184:35 pmRNSPrice Monitoring Extension
11th Apr 201812:07 pmRNSSecond Price Monitoring Extn
11th Apr 201812:02 pmRNSPrice Monitoring Extension
6th Apr 201812:33 pmPRNDirector/PDMR Shareholding
6th Apr 201812:28 pmPRNDirector/PDMR Shareholding
6th Apr 201812:24 pmPRNDirector/PDMR Shareholding
5th Apr 20184:40 pmRNSSecond Price Monitoring Extn
5th Apr 20184:35 pmRNSPrice Monitoring Extension
3rd Apr 201812:05 pmPRNTotal Voting Rights
21st Mar 20184:40 pmRNSSecond Price Monitoring Extn
21st Mar 20184:35 pmRNSPrice Monitoring Extension
14th Mar 20187:00 amRNSFinal Results
2nd Mar 20183:38 pmPRNTotal Voting Rights
1st Mar 20181:56 pmPRNHolding(s) in Company
28th Feb 201810:38 amPRNHolding(s) in Company
7th Feb 201812:41 pmPRNDirector/PDMR Shareholding
2nd Feb 20184:40 pmRNSSecond Price Monitoring Extn

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.