DEBT Debtmatters

RNS Number:9292I
Debtmatters Group PLC
14 September 2006


DEBT.L

                             Debtmatters Group plc
                        ("Debtmatters" or the "Company")


     Major accreditation award and new Insolvency Practitioner appointment
                           underpin further expansion

The Board of Debtmatters is pleased to announce that it has received
accreditation under ISO9001 for the Company's quality management system. The
Company believes that this prestigious award reflects Debtmatters' ongoing
commitment to delivering best advice to all who contact it. The detailed audit
of Debtmatters' systems undertaken as part of the accreditation has reinforced
the Company's confidence that it is not only achieving compliance in all its
working practices, but also has sufficiently robust systems to continue its
rapid rate of growth.

The Board also supports recent sentiments concerning regulation of the debt
industry and would welcome any future regulatory requirements The challenging
accreditation achieved by the Company, in a process taking almost a year,
demonstrates its willingness and ability to meet any increase in regulation
which may be introduced.

As part of the Company's ongoing growth strategy, the Board is delighted to
announce the recruitment of another Licensed Insolvency Practitioner ("IP"),
Martin Hepworth, bringing the total number of active IPs to six. Martin was
formerly a partner in Debtmatters' predecessor practice, Ratcliffe and Co,
before moving to establish his own practice. He has considerable IVA experience
and his arrival will strengthen resources in this key area, enabling business
volumes to continue their rapid rise.

This continued growth, has necessitated further premises expansion. The Company
now employs around 200 Debtmatters staff and 70 Loanmakers staff, and has agreed
terms for a further 20,000 square feet of office space immediately adjacent to
its existing 15,000 square feet of offices. Half of this will be used to
accommodate Loanmakers Limited and the remaining half will facilitate organic
growth in Debtmatters Limited.

A pre-close trading update will be announced during the week commencing 18
September 2006.


Ges Ratcliffe, Chief Executive, commented,

"We are delighted to have been awarded this accreditation for the quality of our
systems. We believe it to be the first of its type in our industry, and
particular thanks go to our Insolvency Director, David Rankin, and his team for
all their hard work in achieving it. I am also pleased to welcome Martin
Hepworth to the business. Having worked with him before I know what a valuable
contribution he will make to the Company's continued expansion. I look forward
to updating shareholders on our progress more fully in a week's time.


For more information, please contact:

Ges Ratcliffe                        CEO, Debtmatters Group plc          01204 678 200
Dugald Carlean / Freddy Crossley     Charles Stanley & Co. Limited       020 7739 8200
Shane Dolan / Dan Bradley            Biddicks                            020 7448 1000




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

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