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Last checked at 
6 Nov 2009 07:00
Mavinwood Plc
("Mavinwood" or the "Company")
Market update
Mavinwood announces the following market update in relation to current trading and the potential disposal of Peter Cox.
Current Trading
The document storage businesses, Wansdyke and Restore, continue to perform broadly in line with management expectations. However, the Document Control Services division, which is project driven and therefore has a less consistent earnings pattern, has continued to experience difficult trading conditions with like-for-like sales down approximately 40% in the first 9 months of the year to 30 September 2009.
Emergency Repairs
On 16 September 2009 the Company announced that it was in discussions relating to the potential disposal of Peter Cox Limited, the remaining business in the Emergency Repair Division. These discussions have now been terminated. Management can now focus on bringing the business back to profitability.
Following the completion of the sale of ANSA holdings Limited, Independent Inspections Limited and Home and Comforts Limited ("ANSA") on 29 June 2009, negotiations as to the closing net debt and working capital position of ANSA are still ongoing.
Enquiries
Mavinwood plc
Charles Skinner, Chief Executive 07966 234075
Collins Stewart
Adrian Hadden 020 7523 8350
Threadneedle Communications
John Coles 020 7653 9848
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