Cleardebt Group PLC
17 July 2006
July 2006
ClearDebt Group PLC ('ClearDebt' or 'The Group')
Year End Trading Update
Highlights
- Quarter on quarter growth of 86%
- As at 30th June 2006, ClearDebt had successfully arranged a total of
188 creditor agreed IVA's since commencement of trading
- 82 have been arranged and agreed for the quarter ended 30 June 2006
ClearDebt Group, the AIM quoted IVA provider is pleased to present a pre close
trading update.
Trading has been very positive in the period, with 126 IVA's arranged by
ClearDebt and approved by creditors. ClearDebt's innovative kaizen derived
systems have enabled the Group to grow seamlessly with the rapidly developing
market, illustrated by the near doubling of agreed IVA's arranged quarter on
quarter in 2006.
2005 Q2 2005 Q3 2005 Q4 2006 Q1 2006 Q2
Passed IVA 7 23 32 44 82
Operational success has been enhanced by corporate development. The agreement
with John Charcol has strengthened the Group's offering to its customers, and
its position with corporate creditors. ClearDebt is also in the process of
evaluating a number of separate corporate ventures which would significantly
enhance its position within the market. To cope with the increasing volume of
potential customers, ClearDebt has recruited 3 new staff, who the Group believes
will significantly add to ClearDebt's current and potential processing
capabilities.
ClearDebt will announce its preliminary results for the year ended 30 June 2006
during early September
-ends-
For further information please contact
David Mond, CEO ClearDebt Group Plc
Andrew Smith, Director of Marketing ClearDebt Group Plc
Tel: 0161 228 7444
Paddy Blewer, College Hill Associates
Tel: 020 7457 2020
David Youngman, W H Ireland
Tel : 0161 832 2174
Note for Editors:
ClearDebt aims to provide the most transparent and ethical service to debtors,
at the lowest cost - giving many more people the opportunity to arrange an IVA
than has been possible before. All customer-facing staff have been specifically
trained in IVA provisions and all have insolvency practice experience: we are
not a call centre, nor do we employ call centre type operatives.
ClearDebt's principles include providing best advice wherever possible to all
debtors: Where the facts indicate an IVA is the right solution we will provide
advice and support - but never pressure - to the debtor. Where the facts
indicate other solutions we'll point the debtor in the right direction.
This information is provided by RNS
The company news service from the London Stock Exchange
