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

Tribal Group PLC (TRB)

  Print      Mail a friend       Annual reports

Friday 19 September, 2003

Tribal Group PLC

AGM Statement

Tribal Group PLC
19 September 2003

For release on 19 September 2003

Tribal Group plc 2003 AGM statement

At the Annual General Meeting of Tribal Group plc ('Tribal' or the 'Group') to
be held at 10 a.m. today, Tribal will provide the following update:


The results for the year ended 31 March 2003 showed that the Group enjoyed
another excellent year. Excluding the amortisation of goodwill, the exceptional
costs relating to the Group's move to the main market and costs associated with
employee benefit trusts, turnover increased by 131% to £105.7m; profit before
taxation increased by 90% to £15.4m and fully diluted earnings per share rose by
31% to 18.6p.  Operating margins were 17.0% and, during the period, the Group
generated positive operating cashflow of £20.4m, an operating profit to cash
conversion rate of 122%.

Our markets

The level of activity in our market areas remains buoyant.  There is increasing
acceptance across government that the private sector has a role to play in
helping to reform and to deliver public services.  We are seeing opportunities
across all our markets in education; local government, housing and regeneration;
health and social care; and central government. We continue to extend our
service offering and strengthen our management teams to take advantage of these

Organic growth and contract wins

Since the financial year end, trading has been very encouraging and the Group
has been awarded a number of new contracts.  In April, we were appointed to the
DfES Management Consultancy Framework; in May, we were awarded a £4.4m contract
to supply e-learning services to the South Yorkshire e-Learning Programme, as
part of a consortium led by RM plc; in July, we were awarded a £4.5m contract by
the Adult Basic Skills Agency and, in August, we were awarded a three year
contract as the NHS's first franchise management partner at Good Hope Hospital.

Treatment Centre initiative

Last week, we announced that we had, through our wholly owned subsidiary Mercury
Health, been selected as 'likely preferred bidder' for a £300m plus contract to
design, set up and manage a network of 10 treatment centres stretching from
Cornwall to Northumberland.  This contract, which is expected to reach financial
close by the end of the year, will be for five years commencing in the Spring of

This contract demonstrates the strength of our business model.  We have through
our acquisition strategy been able to bring together several of the leading
businesses in healthcare which have supported the successful bid for this
important contract.


Our largest acquisition to date, HACAS Group plc, which was announced with our
preliminary results in June, has now been completed. HACAS is the UK's leading
consultancy business in the social housing sector. The acquisition has
considerably strengthened our consultancy capability and is a major step in
creating one of the leading consultancy practices in the public sector.

We have made a number of other acquisitions since the year end, which are all to
date performing to plan.  These include Foundation Software Solutions, a leading
supplier of management information systems to local education authorities;
Kinetic Technologies, a specialist asset management software provider, which has
now merged with our existing asset management business to form Tribal Asset
Management; and Geronimo, one of the UK's leading public sector PR and corporate
social responsibility agencies.

We continue to review a number of potential acquisition opportunities.

Changes to Main Board

We announce today that Bill Roots, who has been a director since 1 April 2000,
will retire at the AGM.  We would like to record our thanks for the contribution
he has made to our development.

Dominic Collins, a main board director of Jardine Lloyd Thompson plc, has joined
our board as Deputy Chairman, with effect from 1 July 2003.

Current trading

Trading for the first five months of the year has been in line with the Board's
expectations and, at the end of August 2003, was significantly ahead of the
corresponding period in 2002.

We are encouraged by both the excellent performance of our acquisitions and the
strong organic growth that we have achieved. We are benefiting from strong
demand for our services across all of our markets and are particularly pleased
to see an increasing number of contract wins. At 1 September 2003, over 60% of
management's budgeted turnover for the year had been secured, a strong
performance given that, historically, the majority of the turnover and profit
for the Group has been generated in the second half of the year.

We continue to believe that the prospects for the Group remain excellent.'

For further information please contact:

Tribal Group plc
Henry Pitman, Chief Executive 01285 886020
Simon Lawton, Group Finance Director 01285 886020


                      This information is provided by RNS
            The company news service from the London Stock Exchange