Impact Holdings Announcements

Trading update

21 January 2008 07:00:45

Impact Holdings (UK) PLC
21 January 2008
Impact Holdings (UK) PLC

Trading update
Impact Holdings (UK) plc ("Impact" or the "Company") announces a very successful
start to the New Year for its subsidiary Impact Bridging Solutions which
specialises in short term property based lending:-

? Opening of a London Office to compliment its Manchester Office base.
? FSA permission granted to undertake Regulated lending.
? Additional £8M Funding Line agreed with the Manchester Building Society.
? Launch of a unique in-house automated processing system called "Salus"
which gives the Company real competitive advantage when it comes to
processing costs, speed and efficiency of transacting deals.
Impact Bridging MD Stephen Ball says

"Progress has been excellent since we commenced trading in April '07 with the
business already showing Year to Date operational profitability and a solid
reputation being formed with funders, brokers and clients.
Our London Office coupled with additional funding lines and FSA accreditation
now means we can start to use our in-house IT system (Salus) to scale up the
business and drive the resulting increase in contribution straight down to the
bottom line"
Paul Davies, Chief Executive says

"The Group is discussing a number of niche opportunities to compliment its
existing solicitor lending and property related funding operations and our
strategy of providing a financial services group providing short term niche
funding continues to evolve. The progress made in the property bridging division
is an encouraging example of what we seek to achieve in the future across a
number of niche sectors."
For further enquiries:

Impact Holdings (UK) plc Tel: 0161 437 9499
Paul Davies, Chief Executive
Christopher Williams, Finance Director
Daniel Stewart & Company plc Tel: 020 7776 6550
Simon Leathers
This information is provided by RNS
The company news service from the London Stock Exchange

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