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Christie Group

  • BY: Andrew Hore |
  • POSTED: 13/06/2012 |

Business services and stocktaking services provider Christie Group says that the strong start to the New Year is continuing.

The shares rose 7p to 77.5p a share, valuing Christie at 19.6m.

The professional business services division is generating work from distress sales and restructuring thanks to its relationships with banks and administrators. Larger deals are happening, including a 422m sale of 918 pubs. Childcare is another strong area.

Christie Finance is also improving its conversion rates for loan offers. 

Stocktaking activity levels remain strong and more staff are being recruited. There will be stocktaking work at the Olympic village. European operations are described as active and the Middle East is starting to recover.

On the negative side, there could be disruption to the business due to the Olympics.

Overall, though, trading remains strong.

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