7 Oct 2009 08:16
PCF.L / Index: AIM / Sector: Speciality & other finance
7 October 2009
Private & Commercial Finance Group plc ('PCFG' or 'the Group')
Trading Statement
The Directors of PCFG, the AIM quoted finance house, are pleased to provide an update on trading following the end of the half year on 30 September 2009.
The Group's results for the six months ended 30 September 2009, which will be released on 15 December 2009, are anticipated to be in line with market expectations.
CEO Scott Maybury said, "Our Group continues to demonstrate its considerable robustness in the financial services arena. With a strengthened balance sheet following the recently announced placing of new shares and redemption of the 2009 Convertible Loan Stock, we are well positioned for challenging economic conditions that we may encounter in 2010. We continue to benefit from reduced competition in our chosen sectors, which is enabling us to write good quality business on attractive terms and to support our customers and introductory sources."
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For further information visit www.pcfg.co.uk or contact:
| Private & Commercial Finance Group plc | Tel: 020 7222 2426 |
| Scott Maybury | |
| Hanson Westhouse Limited | 020 7601 6100 |
| Tim Feather | |
| Matthew Johnson | |
| St Brides Media & Finance Ltd | Tel: 020 7242 4477 |
| Felicity Edwards |
Notes to Editors:
Private & Commercial Finance Group plc, which is authorised and regulated by the Financial Services Authority, is an independent AIM-listed finance house with assets exceeding £130 million. Through its operating subsidiaries the Group provides a carefully selected range of high quality equipment finance products tailored for both business and personal customers. The range extends from financing cars for consumers to leasing a wide range of equipment to businesses.