Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address

Capita Group PLC (CPI)

  Print      Mail a friend       Annual reports

Tuesday 29 May, 2001

Capita Group PLC


Capita Group PLC
29 May 2001

                                                                   29 May 2001

Capita to provide end-to-end outsourcing services for the insurance market

         Proposed acquisition of the UK business of McLarens Toplis.

The Capita Group Plc ('Capita') is to acquire 100% of the share capital of
McLaren Dick & Company Ltd ('McLarens'), the UK business of McLarens Toplis, a
leading provider of services to the insurance sector and the UK's second
largest loss adjusting company.  The total purchase consideration is £33
million of which £5 million is subject to retention until April 2003.

Capita has received wholly irrevocable acceptances of the offer from
shareholders holding 75% of the share capital in McLarens.  The offer is
expected to be accepted in full by 15 June 2001.  The consideration is payable
in a combination of cash, loan notes and new ordinary shares in Capita as
selected by each individual shareholder in McLarens. The acquisition is
anticipated to be earnings enhancing for Capita in the current year.

Capita is not purchasing the residual international business of McLarens
Toplis, which is being retained by the existing shareholders and will be
trading solely outside the UK as McLarens International Group.

With over 1800 people working across 70 sites in the UK, McLarens provides
complete outsourcing services for claims management and delivers both
commercial and domestic loss adjusting services.  McLarens handles all major
classes of insurance primarily through long-term contracts for its extensive
customer base, which includes all the major UK General Insurers.  The business
will be renamed Capita McLarens.

In the year to 30 April 2001, the UK business of McLaren Dick & Company Ltd
reported a trading profit of £3.6 million before Partners' bonuses (2000
audited: £5.1 million) on turnover of £73 million (2000 audited: £70 million).
  At 30 April  2001, McLarens had net assets of £5 million.

Commenting on the acquisition, Rod Aldridge, Executive Chairman said:

'It is clear that the insurance market is currently undergoing significant
change and there is an increasing interest in the opportunities afforded by
outsourcing the entire policy management process, spanning initial interaction
with customers right through to claims administration and settlement.  The
acquisition of McLarens coupled with Capita's existing capability, delivered
through Capita Eastgate, provide Capita with an unparalleled capability to
provide a total outsourcing service to the UK insurance sector. Our customer
bases are complementary and there will be excellent opportunities to develop
and add value to these customers with the bringing together of our services
and expertise.  We estimate that this market is worth some £4 billion a year
and is currently delivered in-house.'

Ian Muress, Group Chief Executive of McLarens added:

'Capita's scale, financial strength and track record in the insurance sector
gives a very real opportunity for McLaren's to develop business of a size
which would not have been possible under private ownership.  We have already
identified a number of opportunities to provide a wide range of insurance
outsourcing services to our existing customer base and Capita's ownership will
assist these to come to fruition.'


For further information:
The Capita Group Plc                                              020 7799 1525
Rod Aldridge, Executive Chairman
Paul Pindar, Chief Executive
Shona Nichols, Group Marketing Director

Press Office                                                      020 7544 3141

Issued by

Hogarth Partnership                                               020 7357 9477
James Longfield/Georgina Briscoe

Notes to Editors

The Capita Group Plc

The Capita Group Plc is one of the largest and fastest growing professional
support services organisations in the UK. Capita provides an integrated range
of professional support services on long-term contracts across the private
sector, local and central government and education in the UK.  With over
11,000 people working across a network of over 120 sites, generating a
turnover in excess of £450 million, Capita's achievements promoted it to the
FTSE 100 in 2000.

Capita draws on their wide base of skills and sector expertise to generate and
successfully implement tailored service solutions.  Capita's capability spans
leading edge customer and administration services, HR services, IT and
strategic support, software and property consultancy.  Capita Eastgate
currently has over 500 clients, deals with 5million assistance calls, collects
9 billion in premiums, and administers 1 million claims a year.