MWB Serviced Offices Continue to Perform Despite Difficult Economic Conditions

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Following the publication of the company’s year end results last month, MWB Group Holdings Plc has published its Interim management statement.  The statement reports that the group has continued to perform during the first four months of 2009 despite the challenging economy.


Regarding MWB Business Exchange, the UK’s second largest serviced office provider, the group confirmed that the company has continued to grow over the year’s initial trading period.  The flexible serviced office space operator is said to remain above its budgeted income and EBITDA with enquiry numbers higher than what was expected for the early part of the year.   The meeting and conferencing section of the business is also said to have grown over the same period.


The group has also said that it has benefited from cost cutting measures that were taken back in 2008; something that it anticipates will continue to support trading throughout the course of the financial year.  Eric Sanderson, Group Chairman, commented: ‘The quality of both the management teams and their products and services continue to shine through even in these difficult market conditions. I believe that, subject to any further major deterioration in the UK markets, our businesses will continue to perform.’


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