Universal Salvage PLC
17 June 2005
UNIVERSAL SALVAGE PLC
Announces Contract Win
Universal Salvage plc ('Universal'), the vehicle salvage and auction services
group, is pleased to announce that it has been appointed by Admiral Group plc
('Admiral') as one of its suppliers providing salvage management & disposal
services. The contract, for an initial twelve month term, takes immediate effect
and is expected to yield a total of approximately 6,000 units. Universal will
collect vehicles throughout the South of England.
In addition, Admiral will adopt Universal's on-line salvage management system,
enabling more efficient insurance claims and vehicle processing.
Avril Palmer-Baunack, managing director, commented,
'The principal focus of the management's efforts in the turnaround programme is
now centred on new business development and I am delighted to see that the
changes I have made since joining Universal in March are beginning to bear
I am pleased to announce this win in our core insurance market and we look
forward to a productive working relationship with Admiral.'
Universal Salvage plc Avril Palmer-Baunack Tel: 01234 762283
Biddick Associates: Katie Tzouliadis Tel: 020 7448 1000
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