PCF.L Regulatory News (PCF)

4 Oct 2007 07:01

Private & Commercial Fin Group Plc04 October 2007 PRIVATE & COMMERCIAL FINANCE GROUP plc ('PCFG' or 'the Group') PCF.L / Index: AIM / Sector: Speciality & other finance SECOND QUARTER TRADING STATEMENT 4th October 2007 The Directors of PCFG, the AIM quoted finance house, are pleased to provide anupdate on the second quarter's trading to 30th September 2007: •Continued strong performance in both consumer and business divisions •Significant sales growth from an increased number of sources •The Group's portfolio of finance receivables, which continues to perform well, has grown 23% to over £132 million (including finance charges to be recognised in future periods of £24 million) in the 6 months ended 30th September 2007 •The Group's Interim Results for the 6 months ended 30th September 2007, which are expected to exceed the profits for the preceding period of 15 months, will be released on 11th December 2007 CEO Tony Nelson said, "The Group's excellent service levels, consistentdecisions and rapid response times have attracted a record number of proposalsfrom a growing number of sources. In addition certain competitors have tightenedtheir lending criteria and margins to reflect more sensible terms or curtailedtheir activities. This has resulted in increasing quantities of good qualitybusiness, with realistic margins, coming our way, and is more than offsettingany decline in overall demand caused by the Bank of England's interest ratehikes." * * ENDS * * For further information visit www.pcfg.co.uk or contact: Private & Commercial Finance Group Tel: 020 7222 2426plcTony Nelson St Brides Media & Finance Ltd Tel: 020 7242 4477Felicity Edwards Notes to Editors: Private & Commercial Finance Group plc, which is authorised and regulated by theFinancial Services Authority, is an independent AIM-listed finance house.Through its operating subsidiaries the Company provides a carefully selectedrange of high quality equipment finance products tailored for both business andpersonal customers. The range extends from financing cars for consumers toleasing a wide range of equipment to businesses. www.pcfshowroom.co.uk the Group's virtual car showroom offers a range ofattractively priced new and pre-registered cars on finance. This information is provided by RNS The company news service from the London Stock Exchange