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Trading update

RNS Number:1380M
Impact Holdings (UK) PLC
21 January 2008

 

                            Impact Holdings (UK) PLC

                                Trading update

Impact Holdings (UK) plc ("Impact" or the "Company") announces a very successful
start to the New Year for its subsidiary Impact Bridging Solutions which
specialises in short term property based lending:-

   • Opening of a London Office to compliment its Manchester Office base.
   • FSA permission granted to undertake Regulated lending.
   • Additional £8M Funding Line agreed with the Manchester Building Society.
   • Launch of a unique in-house automated processing system called "Salus"
     which gives the Company real competitive advantage when it comes to
     processing costs, speed and efficiency of transacting deals.

Impact Bridging MD Stephen Ball says

"Progress has been excellent since we commenced trading in April '07 with the
business already showing Year to Date operational profitability and a solid
reputation being formed with funders, brokers and clients.

Our London Office coupled with additional funding lines and FSA accreditation
now means we can start to use our in-house IT system (Salus) to scale up the
business and drive the resulting increase in contribution straight down to the
bottom line"

Paul Davies, Chief Executive says

"The Group is discussing a number of niche opportunities to compliment its
existing solicitor lending and property related funding operations and our
strategy of providing a financial services group providing short term niche
funding continues to evolve. The progress made in the property bridging division
is an encouraging example of what we seek to achieve in the future across a
number of niche sectors."

For further enquiries:

Impact Holdings (UK) plc                 Tel: 0161 437 9499
Paul Davies, Chief Executive
Christopher Williams, Finance Director

Daniel Stewart & Company plc             Tel: 020 7776 6550
Simon Leathers

 

END

Last 5 announcements

19/08/2010	Notice of AGM
02/07/2010	Preliminary results for the year ended 31 March 2010
01/04/2010	Grant of Options
19/02/2010	NOTIFICATION OF MAJOR INTERESTS IN SHARES
06/01/2010	Issue of Equity/Total Voting Rights

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Impact Holdings (UK) Plc Manchester International Office Centre Styal Road Manchester M22 5WB (t) +44 (0)161 437 9499 (f) +44 (0)161 437 9555 (e) enquiries@impactholdings.net