Ann: AGM Presentation 2016, page-14

Hi @Klogg – you might want to have a look at page 22 of the AGM presentation.

Debt Agreements:- New client numbers up 4% on pcp- Clients under administration up 1% on June
PIAs and Bankruptcy:- New client numbers up 25% on pcp- Clients under administration up 5% on June

I am of the belief that the overall FSA insolvency market share has actually dropped. Given that the pie has got bigger, it’s not much of a concern to me. The board was confident that they would continue to increase client numbers going forward.

They have put the debt agreement market share drop down to staffing numbers not being adequate in the first half. They came out and said that they got it wrong. My guess is that there is also some additional competition, however, this was not mentioned.

It dawned on me a few days after the meeting that the market share had probably dropped. They got it past me on the day!