UFG Ultimate Fin.

RNS Number:6716H
Ultimate Finance Group PLC
24 January 2005



                           Ultimate Finance Group plc
                                 Trading Update

  Ultimate Finance Group plc ('Ultimate') provide recourse factoring, invoice
           discounting and confidential invoice discounting services

                                                               24 January 2005
Introduction

The board of Ultimate Finance Group plc is today issuing a trading update ahead
of its interim results for the six months ended 31st December 2004. The board is
confident that the results, to be announced on March 1st 2005 will be in line
with management expectations.

Ultimate, which came to the market in 2002 as a start up business with a
seasoned management team on board, delivered a very strong performance in the
year ended June 2004. This has provided the Company with a solid base from which
rapid growth is expected in the current year. The Group's ability to structure
deals, which are tailored to its clients' exact requirements is securing
significant new client wins as well as securing its industry recognised
reputation for providing a quality personal service.

Outlook for 2005
In May last year the Group gained new and increased bank facilities as well as
additional equity funding which will underpin the Group's core strategy of
growing the business by providing invoice finance facilities to increasing
numbers of SMEs. Significant opportunities exist in the market place for
sustainable growth and the prospects for the Group in the year ahead remain
encouraging.

The new financial year has started well for Ultimate with 44 new clients on
board so far making a total client base of 130. Client sales financed are
running at an annual rate in excess of #70m compared to only #40 million of
sales financed during the 2004 full financial year ended june 04. This
continuing growth trend reflects the strength and experience of the Groups'
sales and new business teams, which, along with further planned additions to the
team, will continue to play key roles in growing the business in 2005.
It is intended to add two more new sales personnel to the national team before
the end of the current financial year to strengthen our overall sales
capabilities in England and Wales.

Finally, the Board is also pleased to announce that the new West Midlands office
opened in October 2004 is currently performing ahead of target with a solid new
business pipeline building for the year ahead.

Brian Sumner, Chief Executive of Ultimate Finance Group plc commented:-
"I am delighted with our strong performance to date, which has carried on into
January, and I believe that the foundations are in place for stable and
sustained growth in the years ahead."




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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