Trading Statement

    RNS Number : 4385F
  Invocas Group plc
  09 October 2008
   
    INVOCAS GROUP PLC
    ("Invocas", the "Company" or the "Group")
    PRE CLOSE STATEMENT

    Invocas Group plc, one of the UK's leading providers of personal debt solutions, today provides the following update on trading for the
six months ended 30 September 2008. 

    During the last six months, the Board has made considerable progress with the implementation of its refocused marketing strategy.
Invocas continues to become increasingly self-reliant in the generation of revenue opportunities and Newtomorrow, its call centre and
marketing subsidiary, now supplies over 50% of Trust Deed opportunities and approximately 75% of all revenue opportunities within the
Group.

    The average number of Trust Deeds signed each quarter continues to increase. Whilst the overall numbers signed during the six months
will be broadly in line with the total for the six months ended 30 September 2007, the numbers signed in the second quarter were
significantly higher than in the same period last year. 

    The Group is also now seeing an increase in the number of opportunities for its corporate services. 

    Improving trends in the generation and conversion of revenue opportunities and current macro economic conditions with unprecedented
levels of personal debt and a reduction in available credit to indebted individuals, lead Invocas to predict a significant increase in the
demand for its personal debt solutions in the next twelve months. With this in mind, the Board remains confident that the benefits of the
marketing investment made in this period, which will continue to be made in the next six months, will be felt during the second half of this
financial year, which is traditionally stronger, and more fully into the subsequent year. However, whilst revenue opportunities continue to
improve, conversions, particularly of Individual Voluntary Arrangement ("IVA") cases, have taken longer to achieve than previously
anticipated. 

    These factors mean that the profit for the six months ended 30 September 2008 will be significantly behind that achieved in the half
year ended 30 September 2007.  The Board now considers that, whilst only at the very start of the second half of the financial year, the
prevailing market conditions make it difficult to predict the precise outcome for the year as a whole, but the Board now expects that the
result will be behind market expectations.

    The Group has a strong balance sheet with net cash of �2.3m as at 30 September 2008, providing significant headroom for further growth.


    Newtomorrow Broker Services, Invocas' new offering to Independent Financial Adviser ("IFA") networks and individual IFA firms across the
UK looking for refinancing solutions to their clients' financial problems, was launched in June this year. So far, the Company has actively
promoted this service to brokers in Scotland and the response has been extremely encouraging. Active promotion to brokers in England has
begun in October and we are now seeing a similarly positive response to the service south of the border.

    The Group expects to announce its interim results on Wednesday 10 December 2008.

    For further information:

 Invocas Group plc                    Tel: +44(0)20 7554 1400 (9 October only)
 Howard Bell, Chairman                Tel: +44(0)131 222 2460 (thereafter)
 Stephen Lightley, CEO

 Gavin Anderson (Financial PR                         Tel: +44(0)20 7554 1400 
 Adviser)                                  Email: invocas@gavinanderson.co.uk 
 Ken Cronin / Michael Turner /
 Anthony Hughes
 Charles Stanley Securities           Tel: +44 (0)20 7149 6000
 (Nominated Adviser)
 Philip Davies/ Carl Holmes

    Website: www.invocas.com

    Notes to editors
    Invocas is one of the UK's leading providers of personal debt solutions. Its Personal Insolvency Division is firmly established as a
leading provider of Protected Trust Deeds (Scottish equivalent of IVAs). Invocas applies stringent minimum case acceptance criteria. It will
only accept a case if it is likely to progress smoothly to completion and result in a successful outcome which balances the interests of
both the indebted individual and their creditors.

    The Group's Newtomorrow service aims to provide indebted individuals with the right advice, first time, every time. This is achieved in
a caring and professional manner by a team of highly experienced debt advisors delivering front line advice. Further information on
Newtomorrow can be found at www.newtomorrow.com

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