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29 May 2013 07:00
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Press Release | 29 May 2013 |
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Frenkel Topping Group plc
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("Frenkel Topping", "the Company" or, together with its subsidiaries "the Group")
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AGM Statement
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Frenkel Topping (AIM:FEN), the provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards, will be holding its Annual General Meeting in Manchester at 10:00 a.m. today.
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At the meeting, David Southworth, Chairman of the Company, will make the following statement:
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"The Group's trading since the start of the year has been strong and is in line with market expectations. The Board is pleased to announce that the Funds in the Investment Management Service have exceeded Β£500 million, up from Β£483 million at 31 December 2012. This is a significant milestone for Frenkel Topping and we look forward to growing this amount further. Given the Group's trading performance, innovative technology platform and market position, the Board continues to view the future with confidence."
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- Ends -
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For further information please contact:
Frenkel Topping Group Plc | |
Richard Fraser, Chief Executive | Tel: +44 (0)161 886 8000 |
Shore Capital | |
Pascal Keane / Patrick Castle | Tel:+44 (0)20 7408 4090 |
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Media enquiries:
Abchurch | |
Joanne Shears / Jamie Hooper | Tel: +44 (0) 20 7398 7719 |
Jamie.hooper@abchurch-group.com | www.abchurch-group.com |
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Notes to Editors:
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About Frenkel Topping
Frenkel Topping Limited ("Frenkel Topping") is the trading subsidiary of Frenkel Topping Group Plc.
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Frenkel Topping provides specialist independent financial advice on the investment of personal injury damages and clinical negligence awards. Frenkel Topping offers a complete service for all personal injury claims handlers, lawyers and individual clients, dealing with awards from tens of thousand pounds to multi-million pound cases. Frenkel Topping's expertise includes asset protection, bespoke investment portfolios, analysis of periodical payments, Court of Protection portfolios and provision and setting up of trustee and receivership bank accounts. Frenkel Topping has in excess of Β£500 million of clients' funds in its investment management service.
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The Group's strategy is to continue to grow its Funds in Investment Management Services organically and to maintain steady levels of recurring revenues at their current high levels of circa 70%. The Group's strong market position and preparedness in terms of the incoming Retail Distribution Review mean that it is well poised for future growth.
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