DETS Debts.Co

RNS Number:2703Q
Debts.co.uk PLC
29 January 2007


                Debts.co.uk plc ("Debts.co.uk" or "the Company")

                           Period end Trading Update

We are pleased to report that trading for the first six months of the year has
been up to the Board's best expectations and in line with market forecasts.
Volumes continue to grow and we have completed the transfer to new larger
offices in Borehamwood to handle ongoing growth. Similarly we have completed the
move to new enlarged premises in Chesterfield and, as a result of rigorous
advance planning, these moves have been handled without any disruption to our
business.

Debts.co.uk is proud of its historic record of paying around 42% to creditors
which the Directors believe to be at the high end of the level of recovery and
well above the benchmarks being suggested. Similarly, current records show in
excess of 90% of our cases completing. In the light of the current debate
regarding dissatisfaction among creditors, we believe our performance will help
us to continue to work in accord with creditors. We have furthermore always put
great emphasis on ensuring that our advertising is fully realistic and not
liable to the type of criticism and complaint being voiced more recently by
certain parties.

We fully support the attempts to bring greater regulation and a transparent
framework into the IVA industry which we believe will work to the advantage of
companies such as Debts.co.uk who already practice to the highest standards.

Debts.co.uk can trace its roots back some 13 years and thus the Directors
believe that the Company has considerable experience in reacting to changes in
demand. Debts.co.uk has always been proponents of the offering of a wide range
of potential solutions to debtors, not just IVAs. This gives the Company a
broader and more defensive income spread as well as acting in the best interests
of debtors.

Given the expansion of our facilities in the first half and the continuing
growth we are seeing, our results will show a strong bias towards the second
half. Meanwhile, whilst not currently experiencing any margin pressure, the
economies of scale and efficiencies of our new offices provide a degree of
protection should pricing come under any pressure.

Despite the negative sentiment surrounding the sector and the specific problems
unveiled by some of the Company's competitors, the Board remains confident of
the outturn for the year.

Enquiries:

Paul Carter, Chief Executive Officer                     0870 990 9716
Debts.co.uk plc

Chris Steele                                             07979 604 687
Adventis Financial PR

Mark Percy / Parimal Kumar                               0207 107 8000
Seymour Pierce Limited




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
TSTOKCKKCBKKADB

Debts.Co.Uk (LSE:DETS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024

Debts.Co.Uk (LSE:DETS)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024