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

Caldwell Inv. (PRS)

  Print      Mail a friend

Friday 07 September, 2001

Caldwell Inv.

Interim Results

Caldwell Investments PLC
7 September 2001

                          CHAIRMAN'S STATEMENT

First half trading has shown a small loss as mentioned in my Chairman's
statement in the last year end Accounts.


Both in the U.K. and Germany, underwear businesses have struggled with a
difficult six months.   The first half of the year is always slow.   Hopefully
we will have seasonal weather in the autumn, which should result in better


Sales of Ninaclip parasols continued to grow.   Trading of this division was
profitable, but unfortunately we had to absorb the final costs of rectifying
the previous years problems.


Included with these Accounts is a circular dealing  with a special resolution
proposing that, the amount standing to the credit of the Share Premium Account
of the Company be reduced by the amount of the deficit on the Profit and Loss
Account shown in the unaudited balance sheet of the Company as at 30 June

While the balance on the Profit and Loss account remains in deficit, it is not
legally possible for the Company to purchase its own shares or declare a
dividend.   The proposed reduction of the share premium account will enable
the Company to cancel the deficit and so bring closer the prospective date
when such share purchases and/or dividend payment can be made.


We believe the Group will trade profitably in the second half and should end
the year with a small profit.

                                                                  S.J. Wootliff

                                                                 September 2001

                         CALDWELL INVESTMENTS P.L.C.


Consolidated Profit and Loss Account

                                       Unaudited     Unaudited          Audited
                                        6 months      6 months       Year ended
                                           ended         ended 31 December 2000
                                    30 June 2001  30 June 2000
                                               £             £                £

Continuing Operations                  2,575,167     2,916,666        6,959,989

Discontinued Operations                        0        26,857           15,141

                                       2,575,167     2,943,523        6,975,130
Operating loss

Continuing Operations                   (56,048)     (396,232)        (217,240)

Discontinued Operations                  (1,940)     (210,420)         (55,777)

                                        (57,988)     (606,652)        (273,017)

Share of associates' operating           (5,907)       (9,183)          (2,859)

Loss on disposal of fixed assets               0             0        (181,599)

Net interest payable                    (50,395)     (102,752)        (218,898)

Loss on ordinary activities
before taxation                        (114,290)     (718,587)        (676,373)

Tax on loss on ordinary activities      (10,000)       (6,900)         (12,365)

Loss on ordinary activities
after taxation                         (124,290)     (725,487)        (688,738)

Equity minority interest                       0       (3,279)          (3,279)

Loss for the period                    (124,290)     (728,766)        (692,017)

Equity dividends paid and proposed            0             0                0

Retained loss for the period           (124,290)     (728,766)        (692,017)

Earnings per share

Basic and diluted                        (0.90)p       (5.29)p          (5.02)p

Dividend per share                             0             0                0

                         CALDWELL INVESTMENTS P.L.C.


Consolidated Balance Sheet

                                           Unaudited    Unaudited      Audited
                                             30 June      30 June  31 December
                                                2001         2000         2000
                                                   £            £            £
Fixed assets

Intangible fixed assets                      320,844      361,849      344,642

Tangible fixed assets                        299,945    1,232,075      323,828

Investments                                        0            0            0

                                             620,789    1,593,924      668,470

Current assets

Stocks                                     2,169,197    2,197,129   1,802,,676

Debtors due within one year                1,055,284    1,224,659      945,531

Cash at bank and in hand                     318,113      758,176      425,556

                                           3,542,594    4,179,964    3,173,763

Creditors: due within one Year           (2,320,113)  (3,194,160)  (1,720,861)

Net current assets                         1,222,481      985,804    1,452,902

Total assets less current liabilities      1,843,270    2,579,728    2,121,372

Creditors: due after one year              (120,000)    (699,559)    (240,000)

Provisions for Liabilities and charges      (14,198)     (16,949)     (14,198)

Net assets                                 1,709,072    1,863,220    1,867,174

Capital and reserves

Called up share capital                    1,378,750    1,378,750    1,378,750

Share premium account                      1,620,302    1,620,302    1,620,302

Revaluation reserve                                0      189,677            0

Capital redemption reserve                    27,000       27,000       27,000

Profit and loss account                  (1,316,980)  (1,394,080)  (1,158,878)

Equity shareholders' funds                 1,709,072    1,821,649    1,867,174

Equity minority interest                           0       41,571            0

Total capital and reserves                 1,709,072    1,863,220    1,867,174

                         CALDWELL INVESTMENTS P.L.C.


Consolidated Cash Flow Statement

                                              Unaudited   Unaudited    Audited
                                               6 months    6 months Year ended
                                                  ended       ended         31
                                                30 June     30 June
                                                   2001        2000       2000
                                                      £           £          £

Net cash outflow from operating activities    (248,972)   (745,967)  (345,639)

Returns on investments and servicing of
Interest received                                 2,589      10,316     27,609

Interest paid                                  (52,984)   (113,068)  (246,507)

Net cash outflow                               (50,395)   (102,752)  (218,898)


Tax paid                                              0    (22,647)   (51,420)

Net cash outflow                                      0    (22,647)   (51,420)

Capital expenditure and financial

Purchase of intangible fixed assets                   0    (37,989)   (37,518)

Purchase of tangible fixed assets               (4,579)    (24,706)   (92,185)

Purchase of minority interest                         0           0   (37,500)

Sale of tangible fixed assets                         0      21,000    775,180

Net cash (outflow)/inflow                       (4,579)    (41,695)    607,977

Equity dividends paid                                 0           0          0

Net cash outflow before financing             (303,946)   (913,061)    (7,980)


Issue of shares                                       0           0          0

Repayment of loans                            (120,000)   (144,581)  (657,744)

Capital element of finance lease payments       (3,165)     (6,992)   (28,157)

Net cash outflow                              (123,165)   (151,573)  (685,901)

Decrease in cash in the period                (427,111) (1,064,634)  (693,881)



Notes to the Interim Report

1.         The accounts for the six months ended 30 June 2001 and 30 June 2000
are unaudited but have been prepared on the basis of accounting policies
consistent with those set out in the audited accounts for the year ended 31
December 2000.  Those accounts were audited, carried an unqualified Auditors
Report and have been filed with the Registrar of Companies.    The information
set out in this interim report does not constitute statutory accounts within
the meaning of  the Companies Act.

2.         The calculation of basic and diluted earnings per shared is based
on the loss for the period of £124,290  (2000: £728,766) and a weighted
average number of ordinary shares of 13,787,500 (2000: 13,787,500).

3.            Reconciliation of operating loss to operating cash flows

                                                Unaudited   Unaudited   Audited
                                                 6 months    6 months      Year
                                                    ended       ended        31
                                                  30 June     30 June  December
                                                     2001        2000      2000
                                                        £           £         £

Operating loss                                   (57,988)   (606,652) (273,017)

Depreciation                                       28,462      58,038    97,985

Amortisation of goodwill and Intangible fixed
assets                                             23,798      20,467    40,437

(Increase)/decrease in stocks                   (366,521)    (59,897)   334,556

(Increase)/decrease in debtors                  (109,753)     201,016   480,144

Increase/(decrease) in creditors                  233,030   (358,939)  (636,601)

Exceptional Items                                       0           0  (389,143)

Net cash outflow from operating activities       (248,972)   (745,967) (345,639)

4.         No interim dividend will be paid.

5.         Copies of these interim results are being despatched to
shareholders.   Further copies can be obtained from:  The Company Secretary.
Caldwell Investments P.L.C., Princes House, 635, Roundhay Road, Leeds.   LS8


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