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  • Trading Statement

14th January 2005

The Board is pleased to announce that trading results for the year ended 31 December 2004 will be at the top end of market expectations.

The order book is in excess of 800 million and continues to grow. Due to the nature of the Group's core business in social housing a substantial amount of the turnover for the next 2/3 years has already been contracted to the Group.

The healthy pipeline of both outstanding tenders and future opportunities combined with a sound balance sheet provides a very stable platform for predictable future growth. Accordingly the Directors remain confident in the future prospects for the Group.

For further information:

Bob Holt Chairman

01453 511 911

07778 798 816

David Robertson Finance Director

01453 511 911 07887 705 357

END