Trading Statement (6768D)

TIDMREAL

RNS Number : 6768D

Real Office Group PLC

25 March 2011

Real Office Group plc

Trading update

The Board of Real Office Group plc (the "Company") wishes to update shareholders on its current trading position.

In the announcement of the Company's results for the year ended 31 July 2010, issued on 3 December 2010, the Board stated that it had restructured the group to focus on its UK design and build business, Pacific Interiors Limited ("Pacific") with a view to growing this business over time.

Around that time, Pacific also appointed a new chief executive and much work has been done to win new contracts and bring costs into line with anticipated sales levels. Market conditions remain challenging with Pacific having made losses in recent months. A review is being undertaken to assess the business model and future prospects of Pacific.

Whilst there is a prospect of an improvement in sales later in the year, over the next few months sales levels are likely to be lower than needed to cover overheads, resulting in additional working capital requirements.

The Board is reviewing a number of funding and strategic options and will make a further announcement in due course.

Enquiries:

 
Real Office Group plc          Tel: 020 7822 1175 
 Roger Smee, Chairman 
Nominated Adviser              Tel: 020 7148 7901 
 Cairn Financial Advisers LLP 
 Tony Rawlinson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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