Frenkel Topping Regulatory News (FEN)

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Frenkel Topping Group plc

("Frenkel Topping" or "the Company" or "the Group") 

Frenkel Topping Announces Partnership with New Major Trauma Centre via Cardinal Management Limited

Frenkel Topping Group (AIM: FEN), a specialist professional and financial services firm operating in the Personal Injury (PI) Clinical Negligence (CN) space, is delighted to announce that Cardinal Management Limited ("Cardinal") has agreed a partnership with a new major trauma centre, John Radcliffe Hospital, run by Oxford University Hospitals NHS Foundation Trust, following a lengthy period of engagement. This takes the total number of major trauma centres to ten, including two new sites in the first half of this financial year.

Frenkel Topping acquired Cardinal in January 2022, enabling the Group to provide a clear and direct link to claimants and their professional representatives, at the earliest stage possible after serious injury or illness. This in turn introduces the portfolio of FTG services in a relevant and timely way to its clients in the PI and CN litigation space as well as claimants themselves.

Over the last seven years the Major Trauma Signposting Partnership delivered by Cardinal, has helped more than 8,000 patients at NHS Major Trauma Centres. Cardinal is pleased to have added the Major Trauma Centre at John Radcliffe Hospital, enabling the complex welfare support to reach a greater number of patients.

The Company is pleased to see the performance of Cardinal and the continued momentum in winning new trauma centres. As a result, the Group's number of successful claims and cases coming to settlement will increase, in turn driving further growth in AUM. Cardinal is in discussions with a number of other Major Trauma Centres about the possible introduction of its services. The Company will update shareholders as appropriate.

Andrew Pemberton, Managing Director of Cardinal, said:

"We are delighted that such a prestigious hospital as the John Radcliffe has chosen Cardinal to help support their patients. Our team is looking forward to getting going as quickly as we can so that patients can start getting access to bedside welfare advice and support."

Richard Fraser, CEO of Frenkel Topping, said:

"The new partnership with John Radcliffe hospital, the second in as many months, is testament to the hard work and dedication from Andrew and his team at Cardinal. With such a rigorous due diligence process, this achievement demonstrates our team's expertise and capabilities showcases the strength of our business. We recognise the contributions made by each member involved in this success. 

Bringing the number of partnerships to 10 across the nation, this allows us to extend our reach to support even more patients immediately after traumatic injury, through support from the Cardinal team and their partnership with the Frenkel Topping Charitable Foundation."

For further information:  

About Frenkel Topping Group

The Frenkel Topping Group of companies specialises in providing financial advice and asset protection services to clients at times of financial vulnerability, with particular expertise in the field of personal injury (PI) and clinical negligence (CN).

For more than 30 years the Group has worked with legal professionals and injured clients themselves to provide pre-settlement, at-settlement and post-settlement services to help achieve the best long-term outcomes for clients after injury. It boasts a client retention rate of 99%.

Frenkel Topping Group is focused on consolidating the fragmented PI and CN space in order to provide the most comprehensive suite of services to clients and deliver a best-in-class service offering from immediately after injury or illness and for the rest of their lives.

The group's services include the Major Trauma Signposting Partnership service inside NHS Major Trauma Centres, expert witness, costs, tax and forensic accountancy, independent financial advice, investment management, and care and case management.

The Group's discretionary fund manager, Ascencia, manages financial portfolios for clients in unique circumstances, often who have received a financial settlement after litigation. In recent years Ascencia has diversified its portfolios to include a Sharia-law-compliant portfolio and a number of ESG portfolios in response to increased interest in socially responsible investing (SRI).

Frenkel Topping has earned a reputation for commercial astuteness underpinned by a strong moral obligation to its clients, employees and wider society, with a continued focus on its Environmental, Social and Governance (ESG) impact.

For more information visit: www.frenkeltoppinggroup.co.uk

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