Trading Update
27 Avril 2009 - 8:00AM
UK Regulatory
TIDMBCT
RNS Number : 1660R
Business Control Solutions Grp PLC
27 April 2009
Press release
Monday 27 April 2009
BUSINESS CONTROL SOLUTIONS GROUP PLC
(the "Company")
Trading Update
The Board of Business Control Solutions Group plc (BCT.L), the provider of
consultancy and software control solutions, provides the following update on
trading for the year to date.
Since its preliminary results announcement on 27 February 2009, market
conditions in the financial services sector have continued to deteriorate.
Despite continuing to perform creditably this has had an impact on trading,
particularly in the consultancy division, where margins have come under pricing
pressure. This is anticipated to impact the Company's revenue and profitability
for the full year, which are now expected to be below market expectations.
The Company has taken action to further reduce its cost base and these measures,
in addition to actions taken as part of a wider review of the business
undertaken during the course of the last two years, mean that the Company is in
a position to protect its cash position.
The Board remains committed to its strategic course of delivering long term
shareholder value. The Board continues to concentrate on delivering a focused,
high quality proposition to its customer base and on tightly managing its cost
base in order to present a strong and predictable business proposition to the
Company's shareholders and customers.
For further information, please contact:
+--------------------------------------+--------------------+
| Nigel Walder, CEO | |
+--------------------------------------+--------------------+
| Roger Shepherd, Finance Director | |
+--------------------------------------+--------------------+
| BCS Group plc | 020 7648 2050 |
+--------------------------------------+--------------------+
| | |
+--------------------------------------+--------------------+
| Tom Griffiths | |
+--------------------------------------+--------------------+
| Arbuthnot Securities | 020 7012 2000 |
+--------------------------------------+--------------------+
| | |
+--------------------------------------+--------------------+
| James Melville-Ross | |
+--------------------------------------+--------------------+
| Haya Chelhot | |
+--------------------------------------+--------------------+
| Financial Dynamics | 020 7831 3113 |
+--------------------------------------+--------------------+
About Business Control Solutions Group
Business Control Solutions is a provider of management consultancy services and
operational control software to the financial services sector. Its people have
operated at senior levels in global organisations and this experience and domain
expertise helps its clients to achieve fast-track solutions to difficult and
complex problems. Its commitment to successful delivery has resulted in
long-term, trusted relationships with its clients, which include six of the
world's top ten banks.
The management consulting division has delivered comprehensive business
transformation programs within finance, risk, IT and operations across both the
buy- and sell-side. Its innovative technology solutions are designed by industry
practitioners to embed control within operational functions and give senior
management real time transparency on issues and risks.
Business Control Solutions is based in London, with development centres in
Peterborough and Romania and is listed on the Alternative Investment Market
(AIM) as BCT.L.
For more information on Business Control Solutions please visit www.bscplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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