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U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
SEC File Number: 0-9539
CUSIP Number: 812207 20 7
NOTIFICATION OF LATE FILING
/ / Form 10-K / / Form 11-K / / Form 20-F /X/ Form 10-Q / / Form N-SAR
For Period Ended: December 31, 1995
/ / Transition Report on Form 10-K
/ / Transition Report on Form 20-F
/ / Transition Report on Form 11-K
/ / Transition Report on Form 10-Q
/ / Transition Report on Form N-SAR
For the Transition Period Ended:______________________________
If the notification relates to a portion of the filing checked above,
identify the items(s) to which the notification relates:________________________
________________________________________________________________________________
________________________________________________________________________________
PART I - REGISTRANT INFORMATION
________________________________________________________________________________
Full Name of registrant: Search Capital Group, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office (Street and Number)
Search Capital Group, Inc.
700 North Pearl Street, Suite 400
North Tower, Lock Box 401
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PART II -RULES 12B-25(B) AND (C)
________________________________________________________________________________
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed (check box if appropriate):
/ / (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
/X/ (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or
portion thereof will be filed on or before the fifteenth
calendar following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion
thereof, will be filed on or before the fifth calendar day
following the prescribed due date; and
/ / (c) The accountant's statement or other exhibit required by Rule
12B-25(c) has been attached if applicable.
________________________________________________________________________________
PART III -NARRATIVE
________________________________________________________________________________
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q or
N-SAR, or the transition report or portion thereof could not be filed within
the prescribed time period.
The Registrant has been working diligently in responding to comments
from the Commission related to the Registrant's Annual Report on Form
10-K and the Registrant's Revised Preliminary Schedule 14A. The
Registrant is currently revising its Annual Report on Form 10-K based
upon these comments from the Commission. These same revisions must
also be reflected in the Registrant's Quarterly Report on Form 10-Q,
however, will not be completed by the prescribed due date for filing
of February 14, 1996.
________________________________________________________________________________
PART IV -OTHER INFORMATION
________________________________________________________________________________
(1) Name and telephone number of person to contact in regard to this
notification:
Robert D. Idzi (214) 965-6000
_______________________________________________________________
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been
filed? If the answer if no, identify report(s).
/X/ Yes / / No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earning statements to be included in the subject
report or portion thereof?
/X/ Yes / / No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
Search Capital Group, Inc.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: February 14, 1996 By: Search Capital Group, Inc.
By: /s/ Robert D. Idzi
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Name: Robert D. Idzi
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Title: Chief Financial Officer
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ATTACHMENT TO FORM 12b-25
Part IV (3)
The Registrant had a net change in results from operations from a net loss
of $8,362,000 for the quarter ended December 31, 1994 to a net loss of
approximately $8,488,000 for the quarter ended December 31, 1995, which
resulted in an increase loss of approximately $126,000. The Registrant had
no other material changes between periods.
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