Final Results from Ultimate Finance Group

  • Anil Kanda
  • 22 Sep, 2011

Continued Growth & Increasing Market Opportunities
Ashley Integration ahead of expectations

Ultimate Finance Group plc (AIM:UFG), a leading provider of financial solutions to SMEs, is pleased to announce its Final Results for the year ended 30 June 2011.

Financial Highlights

Operating Profit has increased 103% to £904,000 (2010: £446,000)
Excluding acquisition, amortisation and group organisation related costs of £380,000, the operating profit would have been £1,284,000, up 146%
Turnover increased 51% to £9,706,000 (2010: £6,441,000)
Final dividend of 0.35p per share (2010: 0.30p)
A consistent level of headroom within the £34m banking facility of £6.3m
Earnings per share of 1.20p (2010: 1.33p)

Operational Highlights

Ashley integration has been achieved
Cross-selling & joint marketing opportunities are being leveraged
The asset finance division has grown to plan
Investment has been made into the business to support further growth
National presence has been increased to include Birmingham and Cardiff
The sales team has been strengthened

About Ultimate Finance

Ultimate Finance group is a leading provider of financial solutions to SMEs across the UK. The Company is headquartered in Bristol with offices in Manchester, Tunbridge Wells, Birmingham and Cardiff and through its three divisions, (invoice finance, asset finance, and trade finance), provides support to SMEs by funding their growth. As bank lending to SMEs is increasingly restricted in the current climate, the benefits of ultimate finance’s flexible and fast-moving solutions become even more compelling.

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