Trading Update


Styles & Wood Group plc, a leading provider of retail property services to
premier UK retailers, makes the following statement on trading for the year
ended 31 December 2009.


The Group and its four divisions (StoreFit, StorePlanning, StoreCare and
StoreData) have continued to trade in line with management expectations. Revenue
and underlying* profit before tax for the year ended 31 December 2009 are
anticipated to be in line with expectations.


The refinancing completed on 29 June 2009 has ensured that the Group has a
strong balance sheet to weather the current challenging market environment. Net
cash at 31 October 2009 was GBP6.3m which is better than was expected at the
time of the refinancing, and this improvement continued through to the end of
the year.


Despite the tough market conditions, the Group has continued to secure projects
with key customers. Some of these projects include:


* Barclays - completed work on 4 flagship branches and the refresh of more than 30
other branches
* Lloyds TSB - rebranded 13 high street branches
* Morrisons - undertook work on 251 cafes
* Waitrose - 5 new stores handed over in 2009
* Co-op - continued rebranding of estate, converting 40 stores into new Co-op
format
* DW Fitness - rebranding and fit out of 4 fitness centres
* Home Retail Group - 8 new stores delivered for Argos and 6 for Homebase





The Board believes that with its robust financial position, coupled with its
strong, loyal customer base, the Group is well placed to take advantage of any
market upturn and maintain its market leading position. However, the markets in
which the Group operates continue to remain challenging and therefore the Board
maintains its cautious outlook for 2010.

It's taken some time !

Moving again today.

One broker saying that cash generation is such that it could have its entire market cap in cash in next 5 years or so. But likely to see acquisitions before too long??

Another cracking day here!