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Market Cap: £60.22m
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Trading Update

16 Jan 2013 07:00

RNS Number : 6304V
Frenkel Topping Group PLC
16 January 2013
 



 

 

16 January 2013

 

Frenkel Topping Group plc

 

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

 

Trading Update

 

Frenkel Topping, 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 2012, which is expected towards the end of March 2013.

 

The Company announces that the final results for the year ended 31 December 2012 are expected to be in line with market expectations.

 

The successful implementation of the Group's technology platform and integrated administration software at the end of 2012 has built a strong suite of tools which fully integrate world class investment houses, allowing Frenkel Topping broader access to leading fund management products on behalf of its clients. In addition, Frenkel Topping has continued to grow its Funds in the Investment Management Service during the period as well as increasing the number of Retail Distribution Review ("RDR") qualified authorised individuals in the Group, which the Board believes puts the Group in a robust position for the current financial year.

 

David Southworth, Chairman of Frenkel Topping commented: "We are pleased to confirm that the Company's results for the full year are expected to be in line with market expectations. The Group has successfully prepared itself for the RDR, and we look forward to continuing to grow Funds in the Investment Management Service during 2013."

 

- 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 £445 million of clients' funds in its investment management service.

 

Wealth Solutions provides financial planning services to the sports and entertainment sectors advising many high profile professionals. The business is expanding into other legal disciplines whose clients profile and financial needs are aligned with the Group's core offering.

 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSFWFAIFDSEDF
Date   Source Headline
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21st Aug 20072:30 pmRNSDirector/PDMR Shareholding
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19th Sep 20061:26 pmRNSHolding(s) in Company
31st Aug 20064:38 pmRNSDirector/PDMR Shareholding
22nd Aug 20062:51 pmRNSIssue of Equity
26th Jul 20062:30 pmRNSInterim Results
19th Jul 200612:27 pmRNSIssue of Equity
9th Jun 20069:12 amRNSHolding(s) in Company
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27th Apr 20063:01 pmRNSDirectorate Change
31st Mar 20064:22 pmRNSFinal Results
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27th Jul 20054:20 pmRNSDisposal
21st Apr 20057:00 amRNSFinal Results

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