FCO Fairplace

RNS Number:8532T
Fairplace Consulting PLC
09 November 2005


       Announcement by the Board of Directors of Fairplace Consulting plc
                                ("the Company")

                           Update on current trading

Sales for the month of October were affected by weak demand for City
outplacement services. While the current outlook for November and December sales
is more positive, the October shortfall, which will impact on both profits and
cashflow, is unlikely to be recovered. The operating results for the six months
to 31 December 2005 are therefore expected to be below plan but are currently
anticipated to be broadly in line with the operating loss before goodwill for
the first half of last year.

Assuming the necessary resolutions are approved by shareholders at the Annual
General Meeting on 24 November 2005, it remains the Board's intention to seek to
place 550,000 new ordinary shares with senior management, employees and
associate consultants in order to improve the Company's cash position. As at
today's date the Company's overdraft borrowing is approximately #143,000
compared to its overdraft facility of #350,000.

The Board will issue a further trading update at the Company's Annual General
Meeting on 24 November 2005.

For further information contact:

Mark Allsup, Chairman                                 020 7816 0707
Fairplace Consulting plc

Mark Baker / Brian Thorn                              020 7845 7900
The Wriglesworth Consultancy





                      This information is provided by RNS
            The company news service from the London Stock Exchange

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