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

Ultraframe PLC (UTF)

  Print      Mail a friend

Friday 31 August, 2001

Ultraframe PLC

Trading Statement

Ultraframe PLC
31 August 2001

FOR IMMEDIATE RELEASE                                            31 AUGUST 2001



Ultraframe plc issued a Group trading update today ahead of the financial year
end on 28 September 2001.  The preliminary results for the year ending 28
September 2001 will be announced on 4 December 2001.

Core UK Business

Our statement on 26 June 2001, on the announcement of the acquisition of the
Four Seasons Group, reflected improvements in turnover in the early weeks of
the summer and we then saw our normal seasonal uplift.  Sales in June and July
were over 8% ahead of the equivalent months in 2000. However, this
like-for-like improvement has not been as significant in August. Whilst we
expect sales in August and September to be ahead of those for the comparable
period in 2000, we do not now expect to benefit from the volume growth
required to achieve the forecasts currently in the market for our core

Gross margins within the core business in the 10 months to July 2001 have
maintained at the levels achieved in the year ended September 2000 against a
higher cost base for the period.  Ultraframe has high operational gearing with
the majority of sales and profits normally generated in the second half of the
financial year.  Hence, a shortfall in expected sales in the normally stronger
summer months has a significant impact on the full year results.

Four Seasons

The Four Seasons Group, acquired on 16 July 2001, is being successfully
integrated into the Ultraframe Group.

Since the acquisition, Four Seasons has traded in line with expectations
giving us confidence that the impact on results for the post acquisition
period to 28 September 2001, after taking account of interest, goodwill
amortisation and integration costs, will be neutral. Four Seasons represents a
major part of our future strategy, giving us critical mass in the important US
market, and we remain positive about the prospects for this business and
continue to believe the acquisition will be earnings enhancing post goodwill.

Outlook for the year ending 28 September 2001

Results for the current financial year are still principally driven by our
core UK domestic conservatory roofing business.  As expected there has been a
significant increase in profits in the second half of the year with
contribution, at the operating level before goodwill amortisation, expected to
be nearly double the level achieved in the first half.  However, in light of
current trading conditions and having taken a conservative view for the Group
as a whole, we expect the full year profit to be not less than £25.3 million,
before goodwill amortisation of £0.8 million.

Longer term outlook

Ultraframe has a market leading position in the UK, Europe, and North America.
Ultraframe's own market research and that of independent observers continues
to demonstrate strong appeal for the Group's products in all its markets.
Recent investments and the Four Seasons acquisition are part of a longer term
strategy which enhance the Group's sectoral and geographic spread.  The Board
remains committed to this strategy, which it believes will provide scope for
good growth, as the Group continues to develop in the markets and regions in
which it operates.

Press Enquiries:

Ultraframe Plc

David Moore (Chief Executive)                                      01200 443311

James Henry (Finance Director)
Binns & Co Public Relations Ltd                                   020 7786 9600

Brian Coleman-Smith / Jacqui Graves