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 [email protected] in the first instance.

 Information  X 
Enter a valid email address

Alexanders Holdings (QYG)

  Print      Mail a friend

Thursday 21 December, 2000

Alexanders Holdings

Interim Results

Alexanders Hldgs PLC
21 December 2000

Interim Accounts for the six months ended 30 September 2000
Chairman's Statement 
The consolidated accounts for the six months from 1 April 2000 to 30
September 2000 show a pre-tax loss of £500,000 and the post-tax loss of
£509,000 compared with a pre-tax loss of £1,089,000 and a post-tax loss of
£889,000 for the same period of 1999.

The strategy described in the Chairman's statement to the accounts for the
year ended 31 March 2000 has continued. This was marked by the Group's exit
from the motor sector in May 2000 with the sale of the business and assets of
Alexanders (Lincoln) Ltd, its only remaining dealership and, on 2 October
2000, through the sale, at 30p per share, by Aleksandra Clayton of 40 per
cent of the Company's shares within her holding. Craigen Estates Overseas
Limited, a company controlled by Mr Robert Newman, acquired 29.99 per cent of
the company's shares. At the same time the Alexanders Board other than Roger
F Humm and Aleksandra Clayton, resigned and Stephen Sinclair, Jacques
Delacave and I joined the Board. The appointments were ratified at the recent
Annual General Meeting. The costs associated with a change in Board control
have been the major contributor to losses for the six month period since
provisions have been made for their inclusion in the Interim Accounts.

We believe that Aleksandra Clayton and Roger F Humm, who remain as
non-executive directors, supported by the previous Board, have successfully
turned the company into a 'clean' investment vehicle. Craigen Estates
Overseas Limited, current management and its advisors have considerable
experience in the field of investment strategy. We are confident that the
objectives of the previous Board, to optimise shareholder value, will be

Charles Helvert
21 December 2000

                          Six months to      Six months to      Year to       
                          30 September 2000  30 September 1999  31 March 2000 
                          (Unaudited)        (Unaudited)        (Audited)     
                          £'000              £'000              £'000         

  Discontinued            1,699              10,817             14,194        

  Total Turnover          1,699              10,817             14,194        
  Cost of Sales           (1,619)            (9,764)            (12,561)      

  GROSS PROFIT            80                 1,053              1,633         

  OPERATING LOSS                                                              
  Continuing Operations   (898)              (671)              (896)         
  Discontinued            22                 (284)              (945)         

  Total Operating Loss    (876)              (955)              (1,841)       

  Loss on                 -                  -                  (1,258)       
  sale/termination of                                                         

  Profit on disposal of   -                  -                  2,067         

  LOSS ON ORDINARY        (876)              (955)              (1,032)       
  ACTIVITIES BEFORE                                                           

  Net Interest            376                (134)              (22)          
  Receivable / (Payable)                                                      

  LOSS ON ORDINARY        (500)             (1,089)            (1,054)       
  ACTIVITIES BEFORE                                                           

  Taxation                -                   200                350           

  LOSS FOR THE            (500)              (889)              (704)         
  FINANCIAL PERIOD                                                            

  Dividends                 (9)                (5)                (19)          

  RETAINED LOSS FOR THE   (509)              (894)               (723)         

  L0SS PER ORDINARY       (1.3)p             (2.2)p             (1.79)p       
  SUMMARY CONSOLIDATED BALANCE SHEET                                          

                        As at               As at               As at         
                        30 September 2000   30 September 1999   31 March 2000 
                        (Unaudited)         (Unaudited)         (Audited)     
                        £'000s              £'000s              £'000s        

  FIXED ASSETS                                                                
  Tangible Assets       28                  9,088               69            

  CURRENT ASSETS                                                              
  Stocks                13                  2,102               1,067         
  Debtors               83                  972                 10,951        
  Cash at Bank          11,167              4,491               1,665         
                        11,263              7,565               13,683        

  amounts falling due   (498)               (4,672)             (2,186)       
  within one year                                                             

  NET CURRENT ASSETS    10,766              2,893               11,497        

  TOTAL ASSETS LESS     10,794              11,981              11,566        
  CURRENT LIABILITIES                                                         

  amounts falling due   -                   (846)               (263)         
  after more than one                                                         

  NET ASSETS            10,794              11,135              11,303        

  CAPITAL AND                                                                 
  Called up Share       4,229               4,229               4,229         
  Share Premium         180                 180                 180           
  Revaluation reserve   -                   1,953               -             
  Profit and Loss       6,385               4,773               6,894         

  SHAREHOLDERS FUNDS    10,794              11,135              11,303        
  Equity Interests      10,594              10,935              11,103        
  Non-Equity Interests  200                 200                 200           

                        10,794              11,135              11,303        
  CASHFLOW INFORMATION                                                        

                              As at                  As at          As at     
                              30 September           30 September   31 March  
                              2000                   1999           2000      
                              (Unaudited)            (Unaudited)    (Audited) 
                              £'000s                 £'000s         £'000s    

  Net cash inflow             9,762                  931            8         
  / (outflow)                                                                 
  from Operating                                                              
  Returns on                                                                  
  investments and                                                             
  servicing of                                                                

  Interest                    367                    364            809       
  Interest paid                 0                   (498)          (838)     
  Non equity                    0                      0            (19)      

                              367                    (134)          (48)      

  Taxation                    0                      200            (692)     
  expenditure and                                                             

  Purchase of                 0                      (2)            (642)     
  fixed assets                                                                

  disposal of                 38                     0                        
  fixed assets                                                                

  and disposals                                                               

  Disposal of                 0                      0              1,029     
  Equity                      0                      0              (384)     
  dividends paid                                                              

  Cash inflow /           10,167                   995              (729)     
  before financing                                                            
  Repayment of                  0                  (45)             (932)     
  (reciept) /              (665)                     279              64        
  repayment of                                                                
  stocking loans                                                              
  Payment of                  0                      (601)          (601)     
  principal under                                                             
  HP agreements                                                               
  Increase /                  9,502                  628            (2,198)   
  (decrease) in                                                               
  cash in the                                                                 

  Reconciliation of operating loss to net cash inlow / (outflow)              
  from operating activities                                                   

  Operating loss              (876)          (955)                  (1,841)   
  Depreciation                   2             57                     106       
  Decrease in                 1,054          1,109                  1,701     
  Increase in                 10,868         1,081                  2,182     
  Decrease in                 (1,023)         (341)                (1,557)   
  creditors and                                                               
  Decrease in                 (263)          (20)                   0         
  Net cash                                                                    
  outflow from                                                                
  loss on                                                                     
  of discontinued             0              0                      (583)     

  Net cash inflow             9,762          931                    8         
  / (outflow)                                                                 
  from operating                                                              
  Of Net Debt                                                                 

  Increase /                  9,502          628                    (2,198)   
  (decrease) in                                                               
  cash during the                                                             

  Cash outflow                665            367                    1,469     
  from decrease                                                               
  in debt                                                                     

  Change in net               10,167         995                    (729)     
  funds resulting                                                             
  from cash flows                                                             

  Net funds at                1,000          1,729                  1,729     
  start of period                                                             

  Net funds at                11,167         2,724                  1,000     
  end of period                                                               
  Net debt     31 March                                     30 September      
               2000                        cashflow         2000              
               £'000                       £'000            £'000             

  Cash at      1,665                       9,502            11,167            
  bank and                                                                    
  in hand                                                                     
  Debt < 1                                                                    

  Stocking     (665)                       665              0                 

  Other loans     0                          0              0                 

  Obligations     0                          0              0                 

  Debt > 1                                                                    

  Other loans     0                          0              0                 

                      1,000                10,167           11,167            

  Net debt            31 March                              30 September      
                      1999                 cashflow         1999              
                      £'000                £'000            £'000             

  Cash at bank and    3,863                628              4,491             
  in hand                                                                     
  Debt < 1 year                                                               
  Stocking loans       (601)              (279)              (880) 
  Other loans           (91)                 0                (91)  
  Obligations under    (601)               601                  0     
  finance leases                                                              
  Debt > 1 year                                                               
  Other loans          (841)                45               (796) 

                      1,729                995              2,724 

  1       The results for the six months ended 30 September 2000 have been    
          prepared applying the accounting                                    
          policies described on pages 19 and 20 of the 2000 Annual Report,    
          and are neither audited nor reviewed.                               

  2       Reconciliation of movements in                                      
          Shareholders Funds                                                  

                               30 September     30 September     31 March 2000
                               2000             1999                          
                               (Unaudited)      (Unaudited)      (Audited)    
                               £'000            £'000            £'000        

          Loss for the period  (500)            (889)            (704)        
          Dividends            (9)              (5)              (19)         
          Release of           -                3                -            
          Net Reduction in     (509)            (891)            (723)        
          Shareholders Funds                                                  
          Shareholders Funds   11,303           12,026           12,026       
          at 31 March                                                         
          Shareholders Funds   10,794           11,135           11,303       
          at 30 September                                                     

  3       Dividends            30 September     30 September     31 March 2000
                               2000             1999                          
                               (Unaudited)      (Unaudited)      (Audited)    
                               £'000            £'000            £'000        
          Interim Dividend                                                    
          paid on non-equity                                                  
          9.5% Cumulative      9                5                19           

          Preference Shares                                                   
          Interim Dividend                                                    
          proposed on equity                                                  

          Ordinary and 'A'     0                0                0            
          (Restricted Voting)                                                 

          Ordinary Shares.     9                5                19           

  4       A copy of the interim accounts will be posted to shareholders and   
          will be available at Albemarle House, Albemarle Street, London W1

a d v e r t i s e m e n t