Categories: 2007
      Date: Jan  4, 2007
     Title: Pre-close Trading Update
Pre-close Trading Update
4 January 2007 -

For Immediate Release

4 January 2007

 

LSL Property Services plc ("LSL" or "the Company")

Pre-Close Trading Update

 

LSL, a leading provider of residential property services, incorporating estate agency brands Your Move and Reeds Rains and surveying brands e.surv and Chancellors Associates, is today providing a pre-close trading update for the year ended 31 December 2006. The Company is due to announce its preliminary results on the 7 March 2007.

The UK housing market has been relatively strong in the last quarter of 2006 and both the surveying and estate agency businesses have performed well. 

Accordingly, the results for the full year will be slightly ahead of our expectations at the time of the Company's listing in November 2006. 

 

Simon Embley, CEO of LSL commented:

"Following our successful flotation, we are pleased with our trading performance in 2006, which provides a strong platform for us to deliver future growth by continuing to grow market share and profitability of our core surveying, estate agency and financial services businesses and through selective acquisitions."

 

For further information please contact:

Simon Embley, Chief Executive

 

Dean Fielding, Group Finance Director

 

LSL Property Services

01904 715 324

Richard Darby, Nicola Cronk

 

Buchanan Communications

020 7466 5000

 

Notes to editors:

LSL Property Services plc is one of the leading residential property services companies in the UK and provides a broad range of services to its customers who are principally mortgage lenders, as well as buyers and sellers of residential properties. LSL’s main operations are its surveying business, which operates under the e.surv and Chancellors Associates brands, its estate agency business, which operates under the YOUR MOVE and Reeds Rains brands, and its financial services business.

For further information, please visit our website: www.lslps.co.uk