Trading Update (0025A)
25 January 2011 - 6:00PM
UK Regulatory
TIDMUFG
RNS Number : 0025A
Ultimate Finance Group PLC
25 January 2011
Press Release 25 January 2011
Ultimate Finance Group plc
("Ultimate Finance" or the "Group")
Trading Update
Ultimate Finance Group plc (AIM:UFG), a leading provider of
financial solutions to SMEs, is pleased to provide a trading update
for the six months to 31 December 2010.
The integration of Ashley Commercial Finance Limited ("Ashley"),
acquired in October 2010, is progressing well, and the increasing
cross-selling opportunities are continuing to validate the
rationale behind the acquisition. In addition, Ashley has moved
into new offices in the same building as Ultimate Finance's
Manchester team, maximising the cost-savings and operational
synergies identified at the time of the acquisition.
Excluding acquisition costs, the Group has performed ahead of
management expectations, as demand for its services remains
strong.
The Company will announce its interim results for the six months
to 31 December 2010 on 29 March 2011.
- Ends -
For further information:
Ultimate Finance Group plc
Richard Pepler, Chief Executive Tel: +44 (0)845 251 3030
rpepler@ultimatefinance.co.uk
Shane Horsell, Finance Director Tel: +44 (0)845 251 3030
shorsell@ultimatefinance.co.uk
Arbuthnot Securities
(Nominated Adviser and Joint Broker)
Antonio Bossi Tel: +44 (0)20 7012 2000
antoniobossi@arbuthnot.co.uk
Paul Gillam Tel: +44 (0)20 7012 2000
paulgillam@arbuthnot.co.uk
WH Ireland
(Joint Broker)
John Wakefield Tel: +44 (0)117 945 3471
john.wakefield@wh-ireland.co.uk
Richard Smith Tel: +44 (0) 121 265 6304
richard.smith@wh-ireland.co.uk
Media enquiries:
Abchurch
Joanne Shears / Oliver Hibberd Tel: +44 (0) 20 7398 7709
joanne.shears@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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