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Pin to quick picksFrenkel Topping Regulatory News (FEN)

Share Price Information for Frenkel Topping (FEN)

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49.50    0.00 (0.00%)
Bid:
48.00
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51.00
Spread: 3.00 (6.25%)
Market Cap: £61.45m
FEN Live PriceLast checked at - London Stock Exchange

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Trading Statement

20 Jan 2014 15:33

RNS Number : 0890Y
Frenkel Topping Group PLC
20 January 2014
 



 

 

Press Release

20 January 2014

 

Frenkel Topping Group plc

 

("Frenkel Topping", "the Company" or, together with its subsidiaries "the Group")

 

Trading Update

 

Frenkel Topping (AIM:FEN), the provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards, today releases a trading update ahead of the release of its final results announcement for the year ended 31 December 2013, which is expected towards the end of March 2014.

 

The Company announces that due to an excellent year of new business, its final results for the year ended 31 December 2013 are expected to be ahead of market expectations.

 

During the year the Group exceeded £0.5 billion of Funds in the Investment Management Service. In addition, its best of breed investment solutions have been embedded and well received in the market place, which is expected to result in an increase in gross, operating and net profit margins.

 

David Southworth, Chairman of Frenkel Topping commented: "The Board is pleased to confirm that the Company's results for the full year are expected to be ahead of market expectations. The Group made considerable progress during the year, having successfully prepared for the legal reforms and considerable changes to benefits entitlement which occurred in 2013, as well as growing the Funds in the Investment Management Service to over £0.5 billion."

 

- Ends -

 

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

 

Media enquiries:

Abchurch

Joanne Shears / Jamie Hooper

Tel: +44 (0) 20 7398 7719

Jamie.hooper@abchurch-group.com

www.abchurch-group.com

 

Notes to Editors:

 

About Frenkel Topping

Frenkel Topping Limited ("Frenkel Topping") is the trading subsidiary of Frenkel Topping Group Plc.

 

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 over £0.5 billion of clients' funds in its investment management service.

 

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 means that it is well poised for future growth.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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