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.

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VHE Holdings PLC (VHE)

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Tuesday 12 June, 2001

VHE Holdings PLC

Preliminary Results - Part 4

VHE Holdings PLC
12 June 2001


                               VHE HOLDINGS PLC                               
                       For the Year Ended 31 March 2001                       

The unaudited preliminary consolidated financial statements are prepared under
the historical cost convention.  The unaudited preliminary consolidated
financial statements comply with relevant accounting standards (UK GAAP) and
have been prepared using accounting policies set out on pages 21 to 23 of the
Group's 2000 Annual Report and Accounts.  The above financial information does
not constitute statutory accounts as defined by section 240 of the Companies
Act 1985. The comparative information is an extract from the statutory
accounts for the financial year ended 31 March 2000.  Those accounts, upon
which the auditors issued an unqualified opinion which did not contain a
statement under either section 237(2) or (3) of the Companies Act 1985, have
been delivered to the Registrar of Companies.

West Cumberland Insulation Limited ceased trading during the year.  In
accordance with FRS 3, turnover and operating losses of this business have not
been separately disclosed on the grounds of immateriality.

                              Exceptional items                               
                             Cost of         Operating       2001         2000
                               sales          expenses      Total        Total
                               £'000             £'000      £'000        £'000
Costs associated with
Leabrook Road                    161                 -        161      (6,294)
Reorganisation and 
redundancy costs                   -              (57)        (57)       (434)
                                 161              (57)        104      (6,728)

The tax credit for the year reflects the utilisation of prior year tax losses
in VHE Construction not previously recognised, together with the release of
tax provisions in respect of prior years which are no longer required.  There
are tax losses carried forward in VHE Construction for which relief will only
be available against future trading profits in that company.

The calculations of earnings per share is based on a profit of £1.042m (2000:
loss of £7.352m) and 32,102,727 shares (2000: 32,102,727 shares) in issue
during the period.  The fully diluted earnings per share calculation takes
into account any potentially dilutive future share issues, which, at the
balance sheet date, could be anticipated.  There is no difference between the
basic and fully diluted earnings per share.


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