21st Jan 2008 07:00
Impact Holdings (UK) PLC21 January 2008 Impact Holdings (UK) PLC Trading update Impact Holdings (UK) plc ("Impact" or the "Company") announces a very successfulstart to the New Year for its subsidiary Impact Bridging Solutions whichspecialises 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 thebusiness already showing Year to Date operational profitability and a solidreputation being formed with funders, brokers and clients. Our London Office coupled with additional funding lines and FSA accreditationnow means we can start to use our in-house IT system (Salus) to scale up thebusiness and drive the resulting increase in contribution straight down to thebottom line" Paul Davies, Chief Executive says "The Group is discussing a number of niche opportunities to compliment itsexisting solicitor lending and property related funding operations and ourstrategy of providing a financial services group providing short term nichefunding continues to evolve. The progress made in the property bridging divisionis an encouraging example of what we seek to achieve in the future across anumber of niche sectors." For further enquiries: Impact Holdings (UK) plc Tel: 0161 437 9499Paul Davies, Chief ExecutiveChristopher Williams, Finance Director Daniel Stewart & Company plc Tel: 020 7776 6550Simon Leathers This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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