Trading Statement

RNS Number:7920J
Ashcourt Holdings PLC
15 March 2005


15th March 2005

                             Ashcourt Holdings plc
                         ("Ashcourt" or the "Company")

                                 Trading Update


Ashcourt Holdings plc ("the Company") interim results for the six months to 31
October 2004 saw the company's profit before taxation and amortisation increase
by 434% to #196,845 (same period in 2003: #36,862).

The Board, as part of its rolling results forecasting process, has today, 15th
March 2005, forecast that the profits pre-amortisation of goodwill and
depreciation for the year to 30th April 2005 will fall below market
expectations.  The full year will be #100,000 below the previous estimates at
approximately #300,000 as a result of the costs of integrating the Company's
recent acquisitions and a delay in the receipt of investment advisory fees.

A significant part of the Groups fund management income is dependent upon market
value of client's investment portfolios at the end of April.

The company will be announcing its preliminary results in July 2005.

                                     -Ends-

For further information contact:

Ashcourt Holdings Plc                         Parkgreen Communications
John Morton, Chief Executive Officer          Justine Howarth/Ana Ribeiro
Tel: [phone]                             Tel: [phone]



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