28 October – AGM statement

The first three months of the current financial year, covering the quarter to 31 August, have been encouraging with activity levels higher than the same period in 2009.  With gross margins being as expected, profits have therefore shown good growth year on year and the group has benefited from an increase in the number of fee earners employed.  With pre-tax profits of £3.8m forecast for the year to 31 May 2011, for earnings per share of 30.8p, the shares are still ATTRACTIVE.