Trading Statement

15 Jan 2008 07:00

Private & Commercial Fin Group Plc15 January 2008 PCF.L / Index: AIM / Sector: Speciality & other finance PRIVATE & COMMERCIAL FINANCE GROUP plc ('PCFG' or 'the Group') TRADING STATEMENT 15th January 2008 The Directors of PCFG, the AIM quoted finance house, are pleased to provide anupdate on current trading: • Continuing strong performance in both consumer and business divisions • November was a record month for new business and the 4th quarter of 2007 was 86% ahead of 2006 • The Group has signed a new £20 million, 3 year, annually renewable finance facility with a new lender to finance its growing business CEO Tony Nelson said, "We are delighted to have this new finance facility which,coupled with the increases in the facilities provided by our existing lendingbanks, will provide further headroom to fund the growth in new business we havebeen enjoying. The increased facilities amply demonstrate the confidence whichour banks, with their in-depth knowledge of our business, have in us." * * ENDS * * For further information visit www.pcfg.co.uk or contact: Private & Commercial Finance Group plc Tel: 020 7222 2426 Tony Nelson 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 theFinancial Services Authority, is an independent AIM-listed finance house withassets exceeding £130 million. Through its operating subsidiaries the Companyprovides a carefully selected range of high quality equipment finance productstailored for both business and personal customers. The range extends fromfinancing cars for consumers to leasing 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