24 May 2012 – AGM statement

The company has revealed that trading continues to be good, despite the current challenging environment.  Since 1 February, the home credit business, Loansathome4U, has seen customer numbers increase by 4% compared with the same period last year with shorter term loans becoming a feature.  The new acquisition Norton Finance has been successfully integrated.  The Advantage motor finance business continues its outstanding progress, trading above budget and group borrowings have fallen to £18.2m from £20.2m a year ago.  Although trading conditions remain challenging the group remains confident of prospects for the rest of the financial year.  The shares remain a BUY.