Business
Trading Statement
Trading Statement.
About this update from Trafalgar Property Group Plc
[{"type":"text","content":"\n \n15 January 2010\n\n Trafalgar New Homes PLC \n\n (The \"Company\" or \"Trafalgar\") \n\n Trading Statement \n\nThe Company announces a trading statement relating to the quarter ended 31\nDecember 2009. During the quarter the Company's only trade was to continue\n'building out' the development contract it has with Wandle Housing Association\n(\"Wandle\") following the sale of the development land and part built houses at\nMitcham, Surrey which is anticipated to complete in the second quarter of 2010.\n\nThe financial position of the Company remains broadly as stated in the\nChairman's statement in the Company's interim results for the six months ended\n30 September 2009, announced on 21 December 2009. There is no surplus cash\navailable and the Company's only sales related to the above mentioned Wandle\ncontract. The scheme will show a loss and there is a cash shortfall. The\nCompany's Chairman, Robert Mckendrick, is continuing to provide funding to help\nthe Company. The Board is in negotiations with various creditors to persuade\nthe parties to accept shares in lieu of cash.\n\nThe Directors of the issuer accept responsibility for this announcement.\n\nFor further information please contact:\n\nTrafalgar New Homes plc 07836 722840\n\nAndy Moore\n\nSVS Securities plc 020 7638 5600\n\nIan Callaway/Alex Mattey\n\nTrafalgar New Homes PLC\n\n\n \n ","length":1518,"tagName":"div"}]